ABOUT THIS TRAINING COURSE
This 5 full-day training course looks at the setup of economic analysis cases,
including the estimation of recoverable reserves, production profiles, commodity
prices, and project costs - CAPEX, OPEX, taxes, royalties, transportation,
depreciation, before-tax (BTAX) cash-flow, after-tax (ATAX) cash-flow and
international fiscal regimes (production sharing agreement and concessionary
system). The course begins from the basic required parameters of inflation,
interest and time value of money. These concepts are then transformed into
profitability indicators. Last but not the least, the profitability indicators
are then used to make investment decisions.
The emphasis of this course is to bridge the gap between theoretical concepts
and their practical limitations. The participants will be able to appreciate the
amount of information that they never thought of. Another emphasis of this
course is also on the use of Excel's financial functions. This understanding is
very critical when it comes to building economic cash-flow models. Over the
years, we have seen that participants really struggle with using the Excel
functions correctly and this leads to mistakes that can be easily avoided.
In each session, multiple choice problems are provided to participants to
reinforce their understanding of the concepts covered in the course. Many quick
or tips not widely known, are also shared with the participants. The concepts
covered in this course are not restricted to downstream, upstream or
petrochemical projects. These concepts can be used to evaluate any type of
investment under consideration. Participants will require access to
computers/laptops with Excel to solve problems during the course.
Training Objectives
Upon completion of this course, participants will be able to fully understand
the gas market dynamics and Investment Evaluation. They will be able to:
* Learn how to reduce exposure and mitigate risks in projects by handling
uncertainty
* Clarify concepts such as time value of money, cash-flow models, capital
budgeting, IRR, NPV, income producing investments
* Maximise the return on investments through good decision-making processes
based on the commercial viability of projects
* Improve their decision process, investment and opportunity analysis
* Acquire the hands-on experience in building their own economic evaluation
models and solving case study-based examples
Target Audience
The following oil & gas company personnel will benefit from the knowledge shared
in this course:
* Facilities and Planning engineers
* Project and procurement personnel
* Oil & gas engineers
* Geologists
* Financial Analysts
* Commercial managers
* Economists
* Government officials
* Business advisors
* Asset managers
* E&P managers
* Product and business development personnel
Course Level
* Basic or Foundation
Training Methods
Organisational Impact
Trainer
Your expert course leader is a globally recognised subject matter expert in
petroleum/project economics and international gas market analysis. He is a
recipient of the 2021 Society of Petroleum Engineers (SPE) International
Management Award, an award that recognises individuals who make significant
technical and professional contributions to the petroleum engineering profession
and to the worldwide oil and gas industry.
He has 40 years of diversified experience in petroleum engineering, reservoir
engineering, project economics and decision analysis. He had been involved in
evaluating multi-billion-dollar oil and gas field development, NGL, LNG, GTL,
Aluminum smelter, refinery, petrochemical, power and production sharing
projects. He has worked with major oil companies such as Saudi Aramco, ZADCO,
Qatar Petroleum and companies in USA. He is a registered professional Engineer
in the state of Colorado, USA.
He is the author of six books:
1. Petroleum Engineering Handbook for the Practicing Engineer, Vol. I and Vol.
II, published by PennWell Books, Tulsa, Oklahoma, USA.
2. Project Economics and Decision Analysis, Vol. I and Vol. II, published by
PennWell Books, Tulsa, Oklahoma, USA. These books are used as textbooks in
universities worldwide to teach petroleum economics to undergraduates and
graduate students.
3. Tip & Tricks in Excel based Financial Modeling, Vol. 1 & 2, published by
Business Expert Press, New York, USA.
He has also authored several papers in the Oil & Gas Journal, The Log Analyst,
World Oil, SPE Journals, and Oil & Gas Financial Journal. He has delivered
lectures in more than 25 countries around the globe. He has always received
excellent feedback, as an expert presenter, from the participants of his
courses.
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POST TRAINING COACHING SUPPORT (OPTIONAL)
To further optimise your learning experience from our courses, we also offer
individualized 'One to One' coaching support for 2 hours post training. We can
help improve your competence in your chosen area of interest, based on your
learning needs and available hours. This is a great opportunity to improve your
capability and confidence in a particular area of expertise. It will be
delivered over a secure video conference call by one of our senior trainers.
They will work with you to create a tailor-made coaching program that will help
you achieve your goals faster.
Request for further information post training support and fees applicable
Accreditions And Affliations