Course Schedule

Date	Format	Fees
30 Oct - 10 Nov 2023	Online	$7,900
08 - 19 Jan 2024	Online	$7,900

Course Description

Introduction

In the globally competitive world of the 21^st century, business decision-makers face unprecedented levels of change, risk and uncertainty and nowhere is this more true than in the oil and gas sector. To survive and flourish in this dynamic environment petroleum professionals need the right tools with which to analyse the economic and other challenges faced by their organisations and to anticipate and manage the many opportunities and threats that may emerge. Traditional forms of economic and financial analysis no longer meet these needs and the most progressive firms are using the power of financial models to help them analyse the challenges and take a more powerful approach to managing risk and uncertainty in their planning and forecasting.

This 10-Day Advanced Financial Modelling & Petroleum Project Economics online training course will highlight:

The challenge of risk and uncertainty in modern business
Principles of business planning and performance management
How financial models can be used to improve business decision-making
Practical skills in designing financial models using Excel
Advanced approach to analysing oil and gas sector economic indicators

MODULES

This training course is split into two modules:

MODULE I - Financial Analysis, Modelling & Forecasting

MODULE II - Petroleum Project Economics & Risk Analysis

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.

Objectives

This online training course has been designed to provide petroleum sector delegates with real practical skills to design and build financial models that will have highly relevant applications in modern oil and gas organisations. By applying advanced techniques for economic and financial analysis, delegates will develop improved skills in forecasting and business decision-making.

At the end of this GLOMACS 10-Day Advanced Financial Modelling & Petroleum Project Economics online training course, you will learn to:

Plan the design and functionality of economic and financial models in Excel
Use powerful functions built in to Excel for statistical and financial analysis
Apply financial analysis techniques to improve investment decision-making
Design and build financial models for forecasting sales, costs and profit
Implement up to date techniques for managing risk and uncertainty
Use financial models to assist in business decision-making

Training Methodology

This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.

Organisational Impact

The organisation will benefit from the practical implementation of up to date techniques in financial analysis, forecasting and financial modelling that can be applied to improve the quality and relevance of business decision-making in the context of modern levels of risk and uncertainty – specifically:

An integrated approach to managing business risk and uncertainty
The use of financial analysis tools improve business information and insights
Application of economic and financial models to petroleum project decision-making
Improved forecasting tools and performance management systems
Better quality information as the basis for capital investment decisions

Personal Impact

Delegates will benefit from this hands-on workshop that has been designed to provide them with the essential theory of financial analysis, forecasting and financial decision-making whilst focusing heavily on building the practical skills to develop their own financial models in Excel.

This 10-Day Advanced Financial Modelling & Petroleum Project Economics online training course will greatly enhance their contribution to organisational performance and improve their career prospects by:

Developing an awareness of the nature and management of risk and uncertainty
Greater involvement in management planning and decision-making
Improved knowledge of Excel and its most powerful financial functions
Using powerful Excel economic and financial modelling skills for forecasting and decision-making
Applying up to date methods to planning and forecasting
Understanding and applying investment decision-making techniques

Who Should Attend?

This online training course is designed to provide useful insights and practical skills to professionals from a wide range of disciplines and industry sectors, but particularly those involved in planning, forecasting and investment decision-making in an age of risk and uncertainty.

This 10-Day Advanced Financial Modelling & Petroleum Project Economics online training course is suitable to a wide range of petroleum sector professionals but will greatly benefit:

Finance Professionals
Budgeting and Planning Managers
Commercial Managers
Divisional Managers
Purchasing and Supply Chain Managers
Project Managers

Course Outline

Module I - Financial Analysis, Modelling & Forecasting

DAY 1

The Competitive Challenge in the 21^st Century

Identifying and managing stakeholder needs
Business models and how they are disrupted
An integrated approach to risk management
The essentials of business performance management

Essentials of Financial Modelling

Financial statements basics
Fundamentals of financial modelling

DAY 2

Modern Approach to Financial Analysis

Building a financial ratio database in excel
Practical modelling: The cost-volume-profit relationship
Measuring and improving return on investment
Measuring and improving asset management efficiency
Measuring and managing capital structure and risk
Practical modelling: The effect of gearing on shareholders’ earnings

DAY 3

Advanced Techniques in Forecasting

Practical modelling: Using excel statistical analysis tools
Avoiding common forecasting problems
Using moving averages to analyse time series data
Using linear regression for sales trend analysis
Using excel solver to minimise forecasting error
Using regression and correlation to forecast costs
Practical modelling: Cash flow forecasting

DAY 4

Principals of Contemporary Investment: Decision-making

Principles of capital investment decision-making
Sources and cost of business finance
Practical modelling: Using excel discounted cash flow tools
Practical modelling: Capital investment analysis
Essentials of business valuation
Practical modelling: Business valuation based on shareholder value added

DAY 5

Managing Risk and Uncertainty

Identifying and analysing business risk
Probability based approach to decision-making
Monte carlo simulation
Sensitivity analysis and “what-if” forecasting
Identifying the key drivers of financial performance
Practical modelling: Key driver “what-if” forecast

MODULE II - Petroleum Project Economics & Risk Analysis

DAY 6

Cash Flow Analysis

Familiarization with Economic Terms
Setting-up cash flow calculation
Depreciation methods
Loss carry forwards
Inflation
Nominal & real cash flow
Sunk costs
Project financing

DAY 7

Economic Indicators

Economic indicators definitions
Present value concept
Discount factor
Net present value
Internal rate of return
Effect of project delay
Payback period
Profit / investment ratio
Incremental projects

DAY 8

Risks and Uncertainties

Risk & uncertainty
Expected value concept
Decision tree analysis
Farm-out decision
Probability analysis
Sensitivity analysis
Probability distribution
Monte Carlo simulation

DAY 9

Setting-up Spreadsheet Calculation

Introduction to spreadsheet calculation
Simple cash flow using excel
NPV calculations
Application of economic indicators
Class discussion

DAY 10

Setting-up Oil Field Development Model

Group activities
Setting-up an integrated economic model of a typical oil field development
Project sensitivity analysis for the selected model
Introduction to Russell field model
Final remarks

Options & Brochure

Available in Classroom Format

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