Developing Project Strategy in the Oil and Gas Industry

A PMI Registered Training Course

Developing Project Strategy in the Oil and Gas Industry

Understand How to Make the Appropriate Decisions to Select and Support Projects

NASBA PMI
Classroom Schedule
Date Venue Fees
20 - 24 Oct 2025 London $ 5,950
17 - 21 Nov 2025 Abu Dhabi $ 5,950
24 - 28 Nov 2025 London $ 5,950
08 - 12 Dec 2025 Pretoria $ 5,950
15 - 19 Dec 2025 New York $ 6,950
05 - 09 Jan 2026 London $ 5,950
13 - 17 Apr 2026 London $ 5,950
25 - 29 May 2026 Dubai $ 5,950
20 - 24 Jul 2026 London $ 5,950
24 - 28 Aug 2026 Dubai $ 5,950
24 - 28 Aug 2026 New York $ 7,950
05 - 09 Oct 2026 Houston $ 7,950
19 - 23 Oct 2026 London $ 5,950
16 - 20 Nov 2026 Abu Dhabi $ 5,950
23 - 27 Nov 2026 London $ 5,950
07 - 11 Dec 2026 Pretoria $ 5,950
14 - 18 Dec 2026 New York $ 7,950
Online Schedule
24 - 28 Nov 2025 Online $ 3,950
25 - 29 May 2026 Online $ 3,950
23 - 27 Nov 2026 Online $ 3,950

Introduction

Today, large projects in the oil and gas industry face daunting challenges as they become increasingly complex, innovative and technologically demanding.  Project decision and strategy making allows the determination of the basic long-term goals and objectives of an enterprise.  It is more and more important that the correct project selection is made, that the benefits are clearly set out and understood at the outset and that the project is planned appropriately to support good delivery.

"If you will begin with certainties, you shall end in doubts, but if you will content to begin with doubts, you shall end in almost certainties." - Francis Bacon

Making good, solid project decisions is extremely important task for organisations, but not an easy thing to do. This GLOMACS Developing Project Strategy in the Oil and Gas Industry training course offers an insight into decision-making procedures in a step-by-step manner. It presents decision-analysis, using different decision criteria, different types of information, and information of varying quality. It covers the analysis of decision alternatives and choices, as well as the goals and objectives that guide decision-making. We will take time to cover the key issues related to a decision-maker's preferences regarding alternatives, criteria for choice, and choice modes, together with relevant risk assessment tools. All key information that will make delivering projects in the oil and gas industry more successful, from the viability of a project to recognising how to measure it with emphasis on timely delivery, cost benefit and value addition, will be discussed.

Key areas covered include:

  • Project Sanctioning and Approval Process (PSAP)
  • Understand structural and systematic aspects of project planning and execution used on Oil and Gas projects
  • Identify with and understand reasons for project failures and successes (using examples)
  • Comprehend how project success is identified and measured
  • Gain familiarisation with Project Financing Methods & Financial modelling   
  • Understanding the need for continual decision-making through the project life cycle

This GLOMACS training course will highlight:

  • The Need to undertake Front End Design & Survey in an Oil & Gas environment
  • How to establish the key requirements necessary to support Oil & Gas project approval
  • How Oil & Gas organisations ascertain the strategic fit and relevant options for project delivery
  • Appropriate Decision-making tools & techniques that have been tried and tested
  • The Importance of behavioural skills in a highly technical environment

Objectives

This GLOMACS Developing Project Strategy in the Oil and Gas Industry training course intends to guide successful project selection and delivery.

Criteria to be observed in generating the objectives:

  • Identify with relevant stakeholders and communication needs in the Oil & Gas industry
  • Understand key contextual requirements within the project environment
  • Learn how to use appropriate decision-making tools & techniques that have been tried and tested
  • Accurately estimate and allocate project costs and associated benefits

By the end of this GLOMACS training course, participants will learn to:

  • Systematically define, design, and integrate end-user requirements in the project decisions
  • Understand how the time-value of money techniques help to support decisions
  • Identify risk sources and learn how to mitigate potential risks and deal with uncertainty
  • Use appropriate tried and tested decision-making tools & techniques

Training Methodology

Participants will receive a thorough training on the subjects covered with the Instructor utilising a variety of proven adult learning teaching and facilitation techniques. Project methodology includes an insight into organisational decision methods and short and long-term strategy considerations. This GLOMACS Developing Project Strategy in the Oil and Gas Industry training course includes an evaluation of project leadership skills required and will evaluate an applicable case study, with group discussion and critical analysis of this and other actual Oil & Gas projects.

Organisational Impact

In the current economic climate with challenges in the Oil and Gas Industry, the need to deliver projects successfully is immense and the ability to make the correct decisions in the appropriate manner is a key skill to allow us to deliver within the constraints, thus delivering profitable results to our organisation.

Personal Impact

The ability to manage a project is a core skill for project managers, but also anyone involved in delivering or leading packages of work in such a complex environment. When carried out properly projects are more predictable, value delivery is enhanced and client satisfaction is increased. Understanding how and when key decisions can be made and recognising the impact that they can make on overall delivery is immense.

Who should Attend?

This GLOMACS training course is suitable to a wide range of professionals but will greatly benefit:

  • Senior Management Decision Makers
  • Commercial Management
  • Financial Management
  • Project Management Professionals
  • Senior Business Services Professionals who hold responsibility for projects and costs in client and contracting companies

The audience should be positioned to pursue and maintain competitive operational and business efficiency, revenue maximisation and profitability for the organisation.

Course Outline
Day 1

Concepts of Project Management & Intricacies of Project Approval in Oil & Gas Industry

  • Projects and Programmes
  • Project Life Cycles and Stage Gates
  • Project Sanctioning and Approval Process (PSAP) for the Oil & Gas Industry
  • Development of the Strategic Project Business Case
  • Project Identification – Awareness of Accountability of Project Ideas
  • Exploratory Decision Analysis
Day 2

Project Context For Oil & Gas Projects

  • Appreciation of Macro-Environment in Relation to Project Choice
  • Understand Who Stakeholders Are and How They May Impact Upon the Project
  • Regulatory Framework, Institutional Factors and Infrastructure
  • Project Feasibility Decision Makers
  • Project Preparation & Planning Responsibilities
Day 3

Project Financial Modelling and Project Leadership Skills

  • Structuring Project Finance Deals
  • Financing / Credit Risk Considerations for the Oil & Gas project
  • The Time Value of Money – How it applies to project finance
  • Yields and Rate of Return - Discounted Cash Flow (DCF) Analysis
  • Build an Executive Leadership Style that guides the project toward greater performance and profit
  • Understand the Project Organisation in a Typical Oil & Gas Project
  • Project Manager – Unique Requirements
Day 4

Identify Reasons For Project Failures & Prepare for Successful Delivery and Integration

  • Understand Why Some Projects Fail
  • Gain an Understanding of Successful Projects and Analyse Reasons for Success
  • Development of the Project Charter
  • Define Success Criteria and KPI’s of an example Oil & Gas Project
  • Capture Project Requirements
  • Understand the Need for a Project Team Approach
  • Importance of Communication in an Oil & Gas Project
  • Working Collaboratively
Day 5

Development Project Stakeholder Relationships & Project Communication

  • Identify and Plan to Engage with the Project’s Key Stakeholders
  • Creating Project Dashboards
  • Presenting Decisions to the Project Board
  • Recognising Need for Project Recovery
  • Control Decision-making
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
  • The certificate will also have a PMI Course Identifier, which will enable the learners to claim Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI) towards certification or recertification of PMI credentials.
Providers and Associations

Endorsed Education Provider

KHDA
NASBA
PMI

In Association With

Frequently Asked Question:

GLOMACS offers both online andperson training options. You can choose from interactive virtual sessions or attend one of our globally locatedperson training courses. The flexibility ensures that learning fits your schedule and preferences.
Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.
Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions,on activities, and interactive Q&A sessions to maximize learning outcomes.
For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.
You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.
Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability,recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.
GLOMACS is a globally recognized leader in professional training and development, with a reputation for deliveringquality,driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online andperson), and accredited certifications that add real value to your career.

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Options & Brochure
This training course is also a part of the 10-Day Titles:
Developing Project Strategy and Strategic Management Certificate in the Oil & Gas Industry
View Course
Project Management for the Oil and Gas Industry
Understanding the Key Requirements to Deliver Projects Successfully
View Course
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