Aimed at the more senior manager or technical operative, this aspect of the course, on Petroleum Economics, combines the review, appraisal and evaluation of a wide variety of techniques that are brought together under the heading of petroleum economics.
It is assumed that all delegates will have a grasp of the main areas to be discussed and applied during the programme in keeping with the nature and level of the materials to be presented.
Excel spreadsheet templates and financial modelling best practice will be used rigorously at appropriate stages in the course. Delegates will be required to apply best practice at all times and to work with the trainer and their fellow delegates on solving problems from the materials provided and their problems at work.
As far as contract management is concerned, we will take an intensive look at these critical areas and we will do so in an interactive and highly practical way:
- Contract Management Overview
- Contract Pricing and Analysis
- Cost Accounting Standards
- Performance Based Contracts
- Termination and Legal Issues
Course Objectives – Petroleum Economics
By the end of this course delegates will be able to:
- Identify all elements of a project lifecycle and say who is involved
- Review the common types of oil and gas upstream projects
- Appreciate and apply the concepts and methods of forecasting
- Set up and use a cash flow forecast
- Apply the concepts of the time value of money
- Review the main types of fiscal regimes around the world and evaluate them
- Discuss and incorporate risk and sensitivity analysis
- Prepare, analyse and make decisions based on general capital budgeting and the project selection process
- Evaluate and make recommendations about potential oil and gas investments
- Use and evaluate Budgeting and Scenario Management for Project Management
Review of project economics
The project lifecycle and who is involved
Common types of oil and gas upstream projects
The concepts and methods of forecasting
Cash Flow and Economic Indicators
Cash Flow Forecasting and Analysis
The time value of money
The cost of capital
Introduction to the main types of fiscal regimes around the world
Building cash flows
Reviewing different types of service agreements
Comparison of investments under different fiscal regimes
Current trends in fiscal regimes around the world
Project Investment Analysis
Discuss and incorporate risk and sensitivity analysis in order to calculate
The purpose of incremental investment analysis
Prepare, analyse and make decisions based on general capital budgeting and the project selection process
Evaluate and make recommendations about potential oil and gas investments
Budgeting and Scenario Management for Project Management
Setting forecasts, targets and budgets: what they are and why we need them
This training course uses both conventional and non-traditional techniques. It utilises small group and facilitated plenary discussions as well as instruction to explore key concepts, models, tools and techniques. Hands-on exercises and case studies are used to practice the application of knowledge and use of skills. Structured reviews provide the opportunity to consider how the learning can be applied to the delegates’ own work.
- D.McKINSEY AND ASSOCIATES Ltd Certificate of Completion for individuals who attend and completes’ Petroleum Economics course.
- Candidates who desire International Certifications shall be registered through our platform for such an examination.
D.Mckinsey is licensed to train and issue certificates by the following bodies;
– Nigerian Council for Management Education, (CMD).
– OGTAN (Oil and Gas Trainers Association of NIGERIA).
Kindly confirm space availability by calling +234 (0) 8023192104 or +234 (0) 9062386530 or send an email to email@example.com, firstname.lastname@example.org. For In-House training programs / on request, please contact us using above contact details.