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Date | Venue | Fees | |
---|---|---|---|
03 - 07 Jul 2023 | London - UK | $5,950 | |
11 - 15 Sep 2023 | Dubai - UAE | $5,950 | |
13 - 17 Nov 2023 | London - UK | $5,950 | |
25 - 29 Dec 2023 | Houston - USA | $6,950 | |
04 - 08 Mar 2024 | London - UK | $5,950 |
The petroleum industry is one of the most important, highly capital intensive and risky business. Global exploration and production spending in 2013 was $644 billion, up 7% from $604 billion the year before. In 2014, the exploration budgets reached $654 billion but this fell to $521 billion in 2015 and in the following year, 2016, there was a further decline of 27%. This year’s global exploration and production spending is expected to increase 7%.
The upstream sector’s profit margins are under real pressure from many factors such as higher costs of developing new reserves, less oil and gas found per foot of exploration drilling, rising inflation, global oversupply and price volatility. Competition for investments, for acreage / concessions, aging of existing reservoirs, the of unconventional oil and gas revolution all contribute business risk and uncertainty.
Petroleum industry projects are by their very nature risky, the challenge however is in assessing, managing, and mitigating this risk proactively. The three biggest planning challenges are predicting costs, assessing profitability, and risk management. All these tasks occur in the early stages of capital planning and failure to adequately evaluate these elements can lead to heavy losses.
This GLOMACS training course will highlight:
The primary objectives of this training course are to:
This Advanced Oil & Gas Project Economics, Risk & Decision Analysis training course will incorporate a mix of learning methods, including but not limited to, high quality power point slides, short videos and active class participation.
An in-depth knowledge of quantitative risk analysis techniques and hands-on problem solving skills will be developed during this training course . Participants will use PC’s to solve a variety of problems better enabling them to utilize the taught material. Furthermore, this Oil & Gas Technology training course will enable the training course delegates to reach an optimum decision in capital spending.
This Advanced Oil & Gas Project Economics, Risk & Decision Analysis training course approach will be facilitated using Microsoft Excel add on @Risk module and will further assist in promoting discussions among the participants.
By sending delegates on this training course, your organization will benefit by:
By attending this training course, you will:
This Advanced Oil & Gas Project Economics, Risk & Decision Analysis training course is designed to provide technical and practical approaches to executing a petroleum related project in the upstream sector.
This GLOMACS training course is suitable to a wide range of professionals but will greatly benefit:
A PMI registered mark
GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org
PetroKnowledge
Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients
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