Petroleum Project Economics & Risk Analysis

A PMI Registered Training Course

Petroleum Project Economics & Risk Analysis

Techniques for Opportunity Evaluation and Assessment of Risk and Uncertainty

NASBA PMI
Classroom Schedule
Date Venue Fees
13 - 17 Oct 2025 Rome $ 5,950
10 - 14 Nov 2025 Dubai $ 5,950
22 - 26 Dec 2025 London $ 5,950
12 - 16 Jan 2026 Dubai $ 5,950
19 - 23 Jan 2026 Kigali $ 5,950
30 Mar - 03 Apr 2026 London $ 5,950
27 Apr - 01 May 2026 Dubai $ 5,950
22 - 26 Jun 2026 Dubai $ 5,950
13 - 17 Jul 2026 Houston $ 7,950
10 - 14 Aug 2026 Istanbul $ 5,950
24 - 28 Aug 2026 Abu Dhabi $ 5,950
24 - 28 Aug 2026 London $ 5,950
14 - 18 Sep 2026 London $ 5,950
12 - 16 Oct 2026 Rome $ 5,950
09 - 13 Nov 2026 Dubai $ 5,950
21 - 25 Dec 2026 London $ 5,950
Online Schedule
13 - 17 Oct 2025 Online $ 3,950
13 - 17 Jul 2026 Online $ 3,950
12 - 16 Oct 2026 Online $ 3,950

Introduction

Exploration and Production companies often must evaluate their potential E&P investment using proper present value analysis of expected future cashflows. From the projected cashflows and required investments, the annual rate of return and other project economic indicators can be extracted to evaluate the significance of company investment.

This Petroleum Project Economics & Risk Analysis training course provides practical guidance in the application of the techniques of the economic analysis currently used in the Oil & Gas industry. When executing a petroleum related project, one should be able to choose the best alternative from economic point of view as well as to properly evaluate various investment opportunities by determining economic indicators and sensitivity analysis. Techniques for predicting profit, production, costs, and cashflow enable the analyst to evaluate decision alternatives for optimum results. Understanding economic indicators, risk and uncertainty, different economic structures such as tax regimes and production sharing contracts, enhances the quality and the value of economic analysis.

This GLOMACS training course will highlight:

  • Familiarization with the application techniques of the economics analysis in the Oil & Gas industry
  • Petroleum related project evaluation methods
  • Screening of the petroleum projects based on evaluating the investment opportunities
  • Identifying the risks and uncertainties of the project
  • Application of risk management methods in mitigating the identified risks of the project

Objectives

The primary objectives of this training course are to:

  • Understand various economic terms used in the Oil & Gas industry
  • Understand how to develop economic models of various petroleum fiscal regimes
  • Carry out cashflow analysis, different economic analyses for petroleum related project and determine economic indicators
  • Evaluate and quantify risks and uncertainties
  • Make the right investment decision in the presence of risk
  • Carry out a comprehensive economic evaluation study for any petroleum related project including risk analysis and sensitivity study using spreadsheet
  • Contribute to the petroleum project investment within a solid economic system and do a detailed economic evaluation
  • Contribute to the decision-making process for any petroleum related project

Training Methodology

The training course approach is based on principles of economic evaluation of petroleum related project with focusing on step by step developing economic models, determining economic indicators, evaluating and quantifying risks and uncertainties and making the right investment decision for the project. To facilitate that, the Microsoft Excel based economics modules will be built and all discussions will be provided using high quality power point slides.

Organisational Impact

By sending delegates on this GLOMACS  Petroleum Project Economics and Risk Analysis training course, your organization will benefit by:

  • Participants learn about the application of economic valuation and risk assessment processes and techniques within the global Oil & Gas industry
  • Help the participants to identify and analyse the risk involved in a petroleum related project
  • Help the participants to apply the decision-making procedures to justify the petroleum projects in term of profitability
  • Help the participants to recognize the uses of options in the ranking criteria to select and execute the high profitable project
  • Putting values to the Oil & Gas companies’ active project through interpretation of economic results of applied case studies
  • Help participants to recognize and identify the influencing parameters for oil and gas field developments

Personal Impact

By attending this training course you will:

  • Learn to construct a project cashflow model
  • Gain the techniques in project ranking and screening
  • Gain the operational decision-making techniques under risk
  • Capable of identifying the uncertainties in petroleum related project and how to manage them
  • Enhance the participant’s awareness about influential parameters in an oil and gas field development plan

Who should Attend?

This Petroleum Project Economics & Risk Analysis training course is designed to provide technical and practical approaches to executing a petroleum related project in upstream sector.

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

  • Oil & Gas Field Engineers
  • Oil & Gas Managers
  • Oil & Gas Auditors
  • Oil & Gas Planners
  • Financial Analysts
  • Project Management Professionals
Course Outline
Day 1

Cashflow Analysis

  • Familiarization with Economic terms
  • Setting up Cashflow Calculation
  • Depreciation Methods
  • Loss Carry Forwards
  • Inflation
  • Nominal & Real Cashflow
  • Sunk Costs
  • Project Financing
Day 2

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 3

Risks and Uncertainties

  • Risk & Uncertainty
  • Expected Value Concept
  • Decision Tree Analysis
  • Farm-out Decision
  • Probability Analysis
  • Sensitivity Analysis
  • Probability Distribution
  • Monte Carlo Simulation
Day 4

Setting up Spreadsheet Calculation

  • Introduction to Spreadsheet Calculation
  • Simple Cashflow using Excel
  • NPV Calculations
  • Application of Economic Indicators
  • Class Discussion
Day 5

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.
  • 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:
Upstream Economics and Management
Risk and Uncertainty assessment, Valuations, Oil & Gas Accounting
View Course
Financial Modelling and Petroleum Project Economics
Techniques for Managing Risk & Performance in Oil and Gas
View Course
The 10-Day Advanced Financial Modelling & Petroleum Project Economics
Techniques for Managing Risk and Performance in Oil and Gas
View Course
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