An Interactive 10-Day Training Course
Financial Modelling &
Petroleum Project Economics
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INTRODUCTION
Many senior and middle managers do not utilise Excel to its maximum potential. Instead they use it as they would a calculator. If you fall into this category then this course is for you. Having completed this ten day training course you will have the requisite tools to utilise Excel to its fullest and be better equipped to challenge decisions. In addition, if you work in the upstream or downstream, and your career progression is being restricted by outdated knowledge of modelling techniques then this course will help you move your career forward.
Highlights of the training course include:
- A course which takes delegates from Excel basics to the most advanced use of Excel.
- Real world approach to the discipline.
- Numerous examples based around the oil and gas industry.
- Dual approach that not only develops modelling skills but also financial management skills.
Objectives
The training seminar provides delegates with the tools required to find better answers to questions such as:
- How to improve the quality of the quantitative analysis of my corporate presentations
- How to model and advise on hedging price changes in the oil and gas industry
- How to model investment appraisal techniques and utilise decision trees to model the option to abandon
Training Methodology
Each of the sessions will involve formal lectures, demonstration of modelling techniques and the opportunity for practical application. Screen recordings of important techniques and examples will be made available to delegates to assist in the practical applications and to facilitate application of the techniques used when they approach to the workplace.
Organisational Impact
By sending delegates on the 10 Day Programme in Financial Modelling & Petroleum Project Economics your organisation will benefit by:
- Providing your staff with the opportunities to develop high level financial management techniques appropriate to the Oil and Gas industry.
- Updating their quantitative techniques to enable them to make better informed decisions.
- Transforming their Excel skills so that the leave with advanced knowledge of Excel for financial modelling.
Personal Impact
By attending this training course you will:
- Have advanced ability in financial modelling using Excel.
- Have a larger skills set when contributing to corporate decisions.
- The ability to question important decisions formed using financial modelling.
WHO SHOULD ATTEND?
- Decision makers and financial modelers in the up-stream and down-stream oil and gas industry
- High level managers integral to the decision making process who wish to develop their financial modeling skills.
DAY 1
An introduction to the Excel Environment, with Petroleum based examples
- Background to the Petroleum industry
- Cell referencing, using formula’s, formatting
- Advanced charting within Excel
- Data manipulation and management
DAY 2
Financial Analysis in the up and down stream Oil and Gas industry I
- Introduction to financial statements
- Ratio analysis applied to the Oil and Gas Industry
DAY 3
Financial Analysis in the up and down stream Oil and Gas industry II
- Trend analysis using Excel
- Projecting financial statements using forecasting techniques available within Excel
DAY 4
Statistical analysis (applied to the Oil and Gas industry) using Excel
- Analysis of equity returns of oil and gas industry companies
- Use of Excel functions for statistical analysis
- Use of scatter diagrams and regression techniques to calculate cost of equity financing.
DAY 5
Capital Structure in the Oil and Gas industry
- Analysis of capital structure throughout the up-stream and down-stream oil and gas industry.
- Examination of bond issues and IPO’s by oil and gas industry participants.
- Examination and calculation of the cost of debt financing.
- Calculation of a company’s weighted average cost of capital (WACC)
DAY 6
Investment Appraisal using Excel I
- Investment appraisal using NPV, IRR and payback as applied to the oil and gas industry.
- Use of Excel functions for investment appraisal: IRR, PV and NPV
- Use of solver in scenario analysis and stress testing
DAY 7
Investment Appraisal using Excel II
- Using Excel to model decision trees
- Using Excel to calculate the value of a real option and the abandonment decision
DAY 8
An introduction to energy derivatives
- An introduction to the derivatives market
- Examination of petroleum based derivatives, including futures and options.
- Modelling up-stream downstream energy products using Excel
DAY 9
Hedging risk using energy derivatives
- Hedging against price decreases and increases using petroleum futures
- Using VBA to create functions to value energy derivatives
- Hedging against price changes using petroleum based options.
DAY 10
Oil product spreads
- Examining the relationship between energy products
- Using futures spreads to speculate and to hedge against profit margin risk
- 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 Sponsor, one CPE credit is granted per 50 minutes of attendance
Endorsed Education Provider
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
Dubai - UAE
P. O. Box
74653
Tel: +971 (04) 425 0700
Fax: +971 (04) 425 0701
Tax Registration Number: 100270246000003
GLOMACS Training & Consultancy
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