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Course Objectives

This highly interactive and scenario-based training programme will enable you to apply a structured approach to project justification, investment appraisal and decision-making in the upstream petroleum business.

What you will learn

• how to apply economic and risk management evaluation tools for oil and gas project proposals
• how to identify and quantify key uncertainties during field development and full life-cycle economics
• how to calculate the economic and financial viability of expenditure proposals projects under risk conditions
• how to develop a structured approach to measuring, managing and combating commercial risk
• how to assess the ranking of alternative projects
• how to prepare convincing project proposals in a way that will win management, partner and government approval
• how to improve project and business outcomes

Training method

Over half of this course comprises practical exercises, case studies, and industry-based scenarios, for which you will need your own laptop with Microsoft Excel^TM pre-installed.  Prior knowledge of spreadsheet techniques is assumed, and you will be able to retain for future reference all project examples created during the course.

Who Should Attend?

This workshop is aimed at delegates with little or no previous project investment appraisal experience.  Recent attendees have included:

• Explorationists and petroleum/reservoir engineers
• Refinery and petrochemical plant managers
• Asset managers, project managers and facilities engineers
• Information systems managers and project leaders
• Management accountants, finance and contracts specialists
• Government and advisory executives
• Service/supplier company personnel

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