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An Interactive 10-Day Training Course

Financial Modelling and Petroleum Project Economics

Techniques for Managing Risk & Performance in Oil and Gas

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

Classroom Schedule

Date	Venue	Fees
03 - 14 Nov 2025	Dubai - UAE	$ 11,900
15 - 26 Dec 2025	London - UK	$ 11,900
05 - 16 Jan 2026	Dubai - UAE	$ 11,900
12 - 23 Jan 2026	Kigali - Rwanda	$ 11,900
02 - 13 Mar 2026	London - UK	$ 11,900
20 Apr - 01 May 2026	Dubai - UAE	$ 11,900
06 - 17 Jul 2026	Houston - USA	$ 15,900
17 - 28 Aug 2026	Abu Dhabi - UAE	$ 11,900
17 - 28 Aug 2026	London - UK	$ 11,900
05 - 16 Oct 2026	Rome - Italy	$ 11,900
02 - 13 Nov 2026	Dubai - UAE	$ 11,900
14 - 25 Dec 2026	London - UK	$ 11,900
Online Schedule
06 - 17 Jul 2026	Online	$ 7,900

Introduction

This 10-day Financial Modelling and Petroleum Project Economics training course is designed to provide participants with an integrated and practical understanding of financial analysis tools and techniques for the oil and gas industry. The focus of the training is building proforma analysis, learning different methods of financial analysis and forecasting, and applying different risk analysis tools to investments or projects.

The training course format is based on a careful balance of formal lecturers by leading experts and cases, which illustrates the applications of the different techniques using Excel. The training course will be valuable to those working in the upstream to downstream and provide them with sufficient knowledge of modern financial analysis and forecasting.

Highlights of this GLOMACS Financial Modelling and Petroleum Project Economics training course include:

Use of Excel from basics to the most advanced level
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

Modules

This training course is split into the following modules:

Module I - Financial Modelling in the Oil & Gas Industry

Module II - Petroleum Project Economics & Risk Analysis

Objectives

This Financial Modelling and Petroleum Project Economics training course 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
How to analysis the company and highlights areas that need improvement

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 this Financial Modelling and Petroleum Project Economics training course, 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
Enabling them to make better informed decisions
Transforming their Excel skills so that they leave with advanced knowledge of Excel for financial modelling
Ability to understand area that requires improvements within the organisations

Personal Impact

By attending this GLOMACS Financial Modelling and Petroleum Project Economics training course, you will:

Have advanced ability in financial modelling using Excel
Have a better skills set when contributing to corporate decisions
The ability to question important decisions formed using financial modelling
A thorough analysis of the company performance using modern techniques

Who should Attend?

This Financial Modelling and Petroleum Project Economics training course is suitable to a wide range of professionals but will greatly benefit:

Oil & Gas Field Engineers
Oil & Gas Managers
Oil & Gas Auditors
Financial Analysts
Supervisors
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 modelling skills
Project manager who wishes to expand their knowledge of financial modelling and petroleum project economics

Course Outline

Module I: Financial Modelling in the Oil & Gas Industry

Day 1

Introduction to the Excel Environment with Oil and Gas

A Quick-start Tutorial for Excel
Describing Data Sets Using Statistics
Representing Data sets Graphically
Understanding the Concept of Normal Distribution and practical application
Trend Analysis Using Excel
Time Series Analysis

Day 2

Statistical Analysis (Applied to the Oil and Gas Industry) Using Excel

Use of Excel Functions for Statistical Analysis
Descriptive Statistics and their applications:
- Mean
- Median
- Standard Deviation
- Skewness
- Kurtosis
Use of Scatter Diagrams, Frequency and Histogram Distribution
Regression Techniques to Calculate the Cost of Equity Financing
Analysis of Equity Returns of Oil and Gas Industry and Companies

Day 3

Oil Product Spreads

Examining the Relationship between Energy Products
Differences between Data Sets and their importance.
Correlation Analysis
Confidence Intervals
Application of Analysis of Variance (ANOVA)

Day 4

Investment Appraisal Using Excel

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
Modified Internal Rate of Return (MIRR)
Use of Scenario Analysis and Stress Testing
Predicting Financial Distress

Day 5

Financial Analysis in the Up and Down Stream Oil and Gas Industry

Introduction to Financial Statements
Ratio Analysis Applied to the Oil and Gas Industry
Ratios as a System – Pyramids of Ratios
Financial Modelling
Cash Flow Forecasts Using Excel

Module II: Petroleum Project Economics & Risk Analysis

Day 6

Cashflow Analysis

Familiarization with Economic terms
Setting up Cashflow Calculation
Depreciation Methods
Loss Carry Forwards
Inflation
Nominal & Real Cashflow
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 Cashflow using Excel
NPV Calculations
Application of Economic Indicators
Class Discussion

Day 10

Setting up Oil Field Development Model

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

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.

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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.

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