Financial Modelling & Petroleum Project Economics Training Seminar

Schedules Introduction Objectives Training Methodology Organisational Impact Personal Impact Who Should Attend? Outline

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Course Schedule

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Course Description

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 In addition, if you work in the upstream or downstream, and your career progression is being restricted by outdated knowledge of modelling techniques then this course will help you move your career forward.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.

Course Outline

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

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 Sponsor, one CPE credit is granted per 50 minutes of attendance

Providers and Associations

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

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An Interactive 10-Day Training Course

Financial Modelling & Petroleum Project Economics