Financial Modelling and Petroleum Project Economics

An Interactive 10-Day Training Course

Financial Modelling and Petroleum Project Economics

Techniques for Managing Risk & Performance in Oil and Gas

NASBA
Classroom Schedule
Date Venue Fees
03 - 14 Nov 2025 Dubai $ 11,900
15 - 26 Dec 2025 London $ 11,900
05 - 16 Jan 2026 Dubai $ 11,900
12 - 23 Jan 2026 Kigali $ 11,900
02 - 13 Mar 2026 London $ 11,900
20 Apr - 01 May 2026 Dubai $ 11,900
06 - 17 Jul 2026 Houston $ 15,900
17 - 28 Aug 2026 Abu Dhabi $ 11,900
17 - 28 Aug 2026 London $ 11,900
05 - 16 Oct 2026 Rome $ 11,900
02 - 13 Nov 2026 Dubai $ 11,900
14 - 25 Dec 2026 London $ 11,900
Online Schedule
Date Venue Fees
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.
Providers and Associations

Endorsed Education Provider

KHDA
NASBA

In Association With

Petroknowledge

Visit Website

Oxford Management Centre

Visit Website

The Energy Training Centre

Visit Website

Options & Brochure
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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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