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Course Schedule
Classroom Sessions:
DateVenueFees
16 - 20 Jun 2025 London - UK $5,950
08 - 12 Sep 2025 Dubai - UAE $5,950
15 - 19 Sep 2025 Lisbon - Portugal $5,950
22 - 26 Dec 2025 Dubai - UAE $5,950
02 - 06 Feb 2026 London - UK $5,950
15 - 19 Jun 2026 London - UK $5,950
07 - 11 Sep 2026 Dubai - UAE $5,950
14 - 18 Sep 2026 Lisbon - Portugal $5,950
21 - 25 Dec 2026 Dubai - UAE $5,950
Course Description

INTRODUCTION

This Upstream Petroleum Economics, Risk and Fiscal Analysis training course aims to provide participants with a thorough understanding of the fundamental economic and financial concepts that drive the upstream oil and gas industry. The training course will cover upstream petroleum economics, risk management, and fiscal analysis. Participants will learn how to analyze and manage risks associated with exploration, production, and investment activities and conduct financial analysis to evaluate the profitability of different projects.

The Upstream Petroleum Economics, Risk and Fiscal Analysis training course will also include case studies and practical exercises to ensure participants can apply the concepts learned in real-world situations.

By the end of this GLOMACS Upstream Petroleum Economics, Risk and Fiscal Analysis training course, participants will be able to:

  • Understand the critical economic and financial concepts that drive the upstream oil and gas industry, including the upstream petroleum value chain, fiscal systems, and financial metrics.
  • Analyze and manage risks associated with upstream oil and gas operations, including exploration, production, and investment activities.
  • Conduct financial analysis to evaluate the profitability of different projects, using techniques such as cash flow analysis, time value of money, and sensitivity and scenario analysis.
  • Evaluate and select profitable projects using capital budgeting techniques and investment criteria.
  • Apply the concepts learned in real-world situations by analyzing case studies and participating in practical exercises.
  • Communicate effectively with other teams and organizational stakeholders, using a common language and understanding of key economic and financial concepts.
  • Enhance their skills and knowledge of upstream petroleum economics, risk management, and fiscal analysis to improve their career prospects and contribute more effectively to their organization.

Training Methodology

The Upstream Petroleum Economics, Risk and Fiscal Analysis training course will be delivered through lectures, case studies, group discussions, and practical exercises to ensure a comprehensive understanding of the key concepts and their practical application.

Organisational Impact

  • Improved decision-making: Participants will learn how to evaluate and manage risks associated with upstream oil and gas operations, enabling them to make informed decisions about exploration, production, and investment activities.
  • Increased profitability: By conducting fiscal analysis, participants can identify profitable projects and avoid unprofitable ones, leading to increased profitability for the organization.
  • Improved communication: The course will provide participants with a common language and understanding of key economic and financial concepts, facilitating better communication and collaboration between different teams within the organization.

Personal Impact

  • Enhanced skills and knowledge: Participants will gain a deeper understanding of the economic and financial factors that drive the upstream oil and gas industry and practical skills for analyzing and managing risks and conducting fiscal analysis.
  • Improved career prospects: The course will enhance participants' expertise and make them more valuable to their organization, potentially leading to career advancement opportunities.
  • Increased confidence: By developing a solid understanding of economic and financial concepts, participants will feel more confident in contributing to their organization and making informed decisions.

WHO SHOULD ATTEND?

The GLOMACS Upstream Petroleum Economics, Risk and Fiscal Analysis training course is ideal for:

  • Project Managers: Project managers involved in upstream oil and gas projects who are responsible for managing project budgets, timelines, and risks.
  • Finance Professionals: Finance professionals who work in the oil and gas industry, including financial analysts, controllers, and accountants. These professionals need to understand the industry's critical economic and financial concepts to provide accurate financial information and analysis.
  • Senior Executives: Senior executives, including CEOs, CFOs, and COOs, who want to gain a deeper understanding of the financial and economic aspects of the upstream oil and gas industry to make informed decisions and manage risks.
  • Exploration and Production Professionals: Exploration and production professionals, including geologists, reservoir engineers, and production engineers, must understand the financial implications of their decisions and activities.
  • Government Regulators: Government regulators overseeing the upstream oil and gas industry need to understand the fiscal and economic impact of their policies and regulations.
  • Investment Professionals: Investment professionals involved in upstream oil and gas investments, including private equity investors, venture capitalists, and investment bankers.
Course Outline

DAY 1

Introduction to Upstream Petroleum Economics

  • Overview of the Upstream Oil and Gas Industry
  • Basic economic concepts and principles
  • Overview of the upstream petroleum value chain

DAY 2

Risk Management in Upstream Petroleum

  • Understanding risk and uncertainty
  • Types of Risks in upstream oil and gas operations
  • Risk management strategies and tools

DAY 3

Fiscal Analysis in Upstream Petroleum

  • Overview of fiscal systems in the Oil and gas industry
  • Key financial metrics for evaluating upstream projects
  • Fiscal Analysis Techniques for Decision-making

DAY 4

Project Economics

  • Estimating project costs and revenues
  • Cash flow analysis and time value of money
  • Sensitivity and scenario analysis

DAY 5

Investment Analysis

  • Capital budgeting techniques
  • Investment criteria and Decision-making
  • Portfolio management and diversification
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

  • Quality Logo

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

In Association With

PetroKnowledge

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

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Frequently Asked Question:

How can I find out more information about a specific course?

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.

Can I get a discount for group bookings?

Yes, GLOMACS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization, please reach out to our team to discuss the available discount packages.

How are GLOMACS courses structured?

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions, hands-on activities, and interactive Q&A sessions to maximize learning outcomes.

Will I receive a certificate upon completing a GLOMACS course?

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.

Does GLOMACS offer customized training for organizations?

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.

How can I register for a GLOMACS course?

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.

Who are the trainers at GLOMACS?

Our trainers are industry experts with years of practical experience in their respective fields. They bring real-world knowledge and insights into the classroom, ensuring that our participants receive top-tier, applicable skills and expertise.

Are GLOMACS training courses available online or in person?

GLOMACS offers both online and in-person training options. You can choose from interactive virtual sessions or attend one of our globally located in-person training courses. The flexibility ensures that learning fits your schedule and preferences.

What types of training courses does GLOMACS offer?

GLOMACS offers a wide range of professional development training courses across various industries, including Leadership & Management, Finance & Accounting, Human Resources, Engineering, Oil & Gas, Operations and Logistics, Engineering and Technical and more. Our training courses are designed to enhance career growth and organizational effectiveness.

What are the key benefits of attending a GLOMACS course?

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability, industry-recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

Why should I choose GLOMACS?

GLOMACS is a globally recognized leader in professional training and development, with a reputation for delivering high-quality, results-driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online and in-person), and accredited certifications that add real value to your career.

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