This computer-based course is designed to provide you with an in-depth knowledge of project economics and decision analysis. It will help you optimise the economic value from the development and operation of energy resource production and processing operations. The course will empower you with the skills to face day-to-day decisions by reinforcing your analytical capabilities, your investment evaluation competencies and your budgeting techniques, whilst strengthening your decision making processes.
The course aims to bridge the gap between theory and practice: the hands-on approach of this course will be enhanced by intensive working analysis exercises and spreadsheet application examples. Economic models used for project economics analysis will be provided and you will be exposed to using Excel for developing and solving more than 50 financial problems. A variety of decision trees and simulation problems will also be designed and solved throughout the course.
Solving the exercises will enable you to develop your own economic models with ease on your return to the workplace.
On completion of this course you will receive a complimentary copy of the course leader’s published book, “Project Economics and Decision Analysis, Vol l.”
For more information about the advanced course click on this link>>Advanced Project Economics, Risk & Decision Analysis for Oil & Gas
• Clarify concepts such as: time value of money, cash-flow models, capital budgeting, income producing investments, decision analysis classification, expected value and decision trees
• Improve your decision process, investment and opportunity analysis and core management competencies
• Conduct your operations in the most efficient, cost effective, safe and environmentally acceptable manner
• Maximise the return on investments by good decision making processes based on the commercial viability of projects
• Use a case study based explanation analysis, highlighting realistic and challenging scenarios
• Design and solve more than 50 spreadsheet application examples
• Develop the capacity to build your own economic examples
• Planning managers
• Oil & gas engineers
• Project managers
• Analysts
• Commercial managers
• Economists
• Government officials
• Geologists
• Business advisors
• Asset managers
• E&P managers
• Product managers
1. Pre-Course Assessment
– Introduction
2. Inflation
3. Simple & Compound Interest
4. The Time Value of Money
5. Spreadsheet Application
6. Before-Tax Cash-Flow Model
7. After-Tax Cash-Flow Model
8. Nominal & Real Cash-Flow
– Weighted Average Cost of Capital (WACC)
9. Relationship Between Cash-Flow & WACC
– Spreadsheet Application
10. Profitability Indicators
11. Netback Value & Indexed Pricing
12. Funds Flow & Discounting Problems & Solutions
13. International Petroleum Economics
14. Economic Assessment of International Contracts
15. Investment Selection Decision Making
16. Introduction to Decision Analysis
17. Basic Profitability Concepts
18. Expected Value Concepts
19. Decision Trees
20. Simulation in Decision Analysis
21. Problems & Solutions
22. Post Course Assessment
Course Cost: £3,399 + VAT
Participants are required to bring their own laptop
Media Partner
CWC Group Events:
Run for over 30 years, this world famous course continues to be an outstanding success, providing participants with an intimate knowledge of petroleum upstream fiscal systems. Topics include: royalties, production sharing, concessions, joint venture agreements, service agreements, administration of fiscal systems, and standalone vs. incremental analysis.
The course is interactive and relies on two powerful economic Excel spreadsheets designed by Dr van Meurs. With these spreadsheets, participants will understand how various economic factors can impact a fiscal system from both the government and corporate points of view. Participants will receive a subset of the petroleum fiscal software used during the course. This provides a “starter-kit” to solve fiscal issues after completing the course.
This course will also be taking place in:
Amsterdam, The Netherlands
Dubai, UAE
• The nature and details of all the important fiscal features in the world
• The wide variety of fiscal systems based on concessions, production sharing contracts, joint ventures, service contracts and other arrangements
• The underlying economic characteristics of the various fiscal systems
• Advanced economic analysis based on Excel spreadsheets
• How government policies impact on fiscal systems
• Competitive worldwide frameworks for investing in the oil & gas sector
• Future trends in petroleum fiscal terms
The knowledge gained equips participants in negotiating better contracts and concessions, identifying the best investment opportunities and gaining practical, up-to-date experience from “real-life” examples.
The course is suitable for a wide range of professionals in the oil and gas industry, government, finance and other organisations. This includes:
• Government officials
• Country managers external affairs
• Managers
• CEOs & CFOs
• Tax advisers fiscal issues planners
• Legal counsels
• License administrators
• Negotiators
• Executive strategy planning managers
• Portfolio managers
• Commercial advisers
• Accountants
• Business development corporate
• New ventures managers
• Engineers geophysicists
• Lawyers
• Economists business analysts
1. Introduction
2. Bonuses, Rentals, Royalties
3. Corporate Income Tax
4. Production Sharing
5. Profit Oil and Sliding Scales
6. Joint Ventures and Carried Interest
7. Progressive and Special Taxes Profit Shares
8. Value Added Taxes, Import Duties and Property Taxes
9. Service Contracts
10. Incremental Analysis
11. Classification of Fiscal Systems
12. Structure of Government Take
13. Level of Government Take
14. Risk Sharing
15. Resource Policies
16. Personal Action Plans Economic Policies
17. Administrative Policies
18. Internal Distribution of Government Take
19. Worldwide Future Trends
Course Cost: £3,399
This is the only course in the market covering the oil and gas value chain. It offers oil and gas professionals a unique opportunity to broaden their understanding of the technical and commercial fundamentals of the oil and gas industry.
This course will look at the industry basic concepts, such as geology, reservoirs, E&P, facilities, projects economics, legal and fiscal concepts, and also the refining, petrochemicals, distribution and the companies’ future challenges, providing the most complete A to Z understanding of the oil and gas industry.
This course will also be taking place in:
Malabo, Equatorial Guinea
Nairobi, Kenya
Tripoli, Libya
Accra, Ghana
• Fast track your understanding of the oil and gas value chain
• Boost your comprehension of the legal and commercial structures supporting upstream and downstream
• Develop an understanding of the technical, commercial and operational issues
• Understand global market forecasts, E&P trends and techniques
• Optimise your decision making process by learning economic and investment imperatives
• Master all the industry’s jargon
• Government officials
• Commercial managers
• Public & community relations executives
• Marketing & sales managers
• HR managers
• HSE personnel
• Tax & accounting personnel
• Legal managers
• Strategists & planners
• Bankers & insurance personnel
• Investors
• New executives to the industry
Course Faculty
M.A.Mian
Martin Hutchison
Dependent on the location, either Mr. Hutchison or Mr. Mian will be delivering the course.
1. What is Oil & Gas & How do we Find it?
a.General Industry Overview and Basic Concepts
2. Oil and Gas Geology
3. Global Perspective
4. The Energy Industry Integrated Value Chain
5. Oil & Gas Prospecting (The Exploration Process)
6. Drilling Operations
7. Technical Advances
8. From Discovery to Development
9. Formation Evaluation
10. The Pre-FID Appraisal Phase
11. Development Phase to FID
12. Front End Engineering Design (FEED)
13. Well Completions
14. Major Field Development Life Cycle
15. Oil & Gas Production Facilities
16. Reservoir Depletion Mechanisms
17. Storage & Transportation
18. Maintenance of Oil & Gas Facilities
19. Gas Flaring
20. Reservoir Management
21. Crude Oil Refinery Products & Processes
22. Commercial & Legal Issues
23. Oil & Gas Price Volatility
24. Oil Price Risk Management
25. Oil & Gas Trading & Transportation
26. NOC’s, IOC’s and I-NOC’s
27. Legal Framework of the Industry
28. Project Economics
Course Cost: £2,399
Media Partner:
This course will provide you with a comprehensive overview of the LNG industry. You will acquire insight into the strategic thinking when considering a project, assessing vital issues such as reserves, new technology, costs, shipping and storage. You will gain a in-depth update and outlook on world markets and prices and consider the challenges faced by the industry in the form of new sources of gas such as shale. You will be provided with a detailed knowledge of projects that are in operation, under construction and at the planning stage. Vital aspects such as LNG contracts, safety and risk and short-term trading will also be analysed.
Site visit to Grain LNG – Isle of Grain, UK
Situated in north Kent, National Grid’s Liquefied Natural Gas (LNG) importation terminal at the Isle of Grain was the UK’s first truly commercial LNG facility – and the largest of its kind in Europe and the US in terms of tank capacity, with the world’s largest above-ground LNG storage tanks.
The site visit is a really great opportunity to tie everything together and understand the workings and operations of the site. You will get to go out onto the loading jetty as well as climbing up to the top of the storage tanks.
• Grasp the major trends in LNG
• Assess how macro-economics and new sources of gas such as shale gas have affected the LNG business
• Acquire in-depth up-to-date knowledge of world markets and prices
• Identify the prospects and challenges for the future
• Understand and analyse the major contract systems that govern the industry
This course is suitable for anyone who works along the LNG value chain. This includes a wide range of professionals such as:
• Upstream, midstream and downstream gas professionals
• Government officials
• Commercial managers
• LNG trading companies
• Gas sales and marketing executives
• Pricing managers
• Project developers
• Strategists, planners & analysts
• Lawyers & legal managers
• Support staff
1. Why LNG?
2. Overview of LNG Business in 2011
3. Upstream Gas Production
4. Liquefaction
5. LNG Shipping
6. Regasification
7. Developing an LNG Project
8. LNG Markets in Asia
9. LNG Prices in Asia
10. LNG Market in Europe
11. LNG Prices in Europe
12. LNG in the Americas
13. LNG Prices in the Americas
14. Challenges Facing LNG Supply
15. LNG Composition and Quality
16. Safety, Security and Public Perception
17. The Financing of LNG Projects
18. LNG Business Models
19. Overview of Hedging, Risk Management and Derivatives
20. Short-Term Trading Challenges Facing LNG Supply
21. LNG in the Next Decade – Where are we Heading?
22. The Law of Contracts
23. Upstream: Host Government Contracts
24. LNG Sale and Purchase Agreement (“SPA”)
25. Joint Venture Agreement (“JVA”)
26. Engineering, Procurement and Construction Contract (“EPC”)
27. Shipbuilding and the Charter Party
28. Terminal Use Agreement (“TUV”)
29. Memorandum of Understanding (“MOU”)
30. Additional Issues Studied
Course Cost: £2,399 + VAT
Media Partner:
This 10 day course presents the “core curriculum” covered in most graduate business programmes. The knowledge acquired will provide you with a strong business foundation and enable you to function more effectively and efficiently in today’s competitive oil and gas business environment.
This management school for global oil and gas executives, offers an intensive training opportunity for you to develop your knowledge of the principle and techniques of strategic management within the unique context of the oil and gas sector. The focus is on providing you with maximum take-home value of business decision making process, skills and practices.
The Oil & Gas Mini Management & Business Administration course is not an academic qualification. However, by covering the foundations of such a qualification to the same standard, it does provide the course principles of a full-time MBA.
This course will also be taking place in:
Houston, USA
• Develop the imperative skills to lead and manage organisational change
• Prepare yourself to nurture, manage and lead the next generation of oil and gas professionals
• Evaluate the strategic challenges facing the oil and gas sector and what this means for your organisation
• Strengthen your decision making capabilities through enhanced financial awareness
• Gain the people skills that are crucial to becoming a high performance leader
• Underpin the core values of team building required to grow and succeed
• Understand international oil and gas economics and how these impact your business development decisions
• Share experiences and learn from your international peers that will form your network
• Requiring formal training in management skills
• Looking to develop your career in the industry
• Getting promoted from a specialised to a management role
• Transferring to the oil and gas industry from another sector
• Aspiring for potential growth into a management role
Course Leaders: Mark Thomas & Chris Dickin
- Course and Personal Introductions
- Economics and Strategic Imperatives in the Oil & Gas Industry
- The Economics of the Oil & Gas Industry
- Strategic Thinking and Developing Strategy
- Group Working Activity
- Strategy Development and the Management of Change
- Developing Strategy – Using the Strategic Toolkit
- Developing Strategy – Company Analysis
- Essential Oil & Gas Financial Awareness
- The Flow of Finance within an Organisation
- Understanding the Crucial Role of Cash Flow
- Scrutinising Financial Statements
- The Capital Investment Decision
- The Changing Relationship between National Oil Companies (NOC’s) and their Owners, the Governments
- The Role of Nuclear Power in the World’s Energy Mix
- Natural Gas & LNG: The Commercial and Technical Challenges
- Stakeholder Identification and Interaction in Upstream Projects – Creating Win-Win Solutions and Avoiding the Lose-Lose
- Leading and Managing Change
- Implementing Organisational Change
- Leadership and Managing Others
- Knowing Yourself and Understanding Others
- Leading and Managing Others
- Action Planning – Looking into your Future
- Managing Performance
- Understanding Internal Drivers
- Individual Action Planning
- Conclusions of the Course
Course Cost: £7,499 + VAT
Media Partner:
Run for over 30 years, this world famous course continues to be an outstanding success, providing participants with an intimate knowledge of petroleum upstream fiscal systems. Topics include: royalties, production sharing, concessions, joint venture agreements, service agreements, administration of fiscal systems, and standalone vs. incremental analysis.
The course is interactive and relies on two powerful economic Excel spreadsheets designed by Dr van Meurs. With these spreadsheets, participants will understand how various economic factors can impact a fiscal system from both the government and corporate points of view. Participants will receive a subset of the petroleum fiscal software used during the course. This provides a “starter-kit” to solve fiscal issues after completing the course.
This course will also be taking place in:
Rio de Janeiro, Brazil
Dubai, UAE
• The nature and details of all the important fiscal features in the world
• The wide variety of fiscal systems based on concessions, production sharing contracts, joint ventures, service contracts and other arrangements
• The underlying economic characteristics of the various fiscal systems
• Advanced economic analysis based on Excel spreadsheets
• How government policies impact on fiscal systems
• Competitive worldwide frameworks for investing in the oil & gas sector
• Future trends in petroleum fiscal terms
The knowledge gained will assist participants in negotiating better contracts and concessions, identifying the best investment opportunities and gaining practical, up-to-date experience from “real-life” examples.
The course is suitable for a wide range of professionals in the oil and gas industry, government, finance and other organisations. This includes:
• Government officials
• Country managers & external affairs
• Managers
• CEOs & CFOs
• Tax advisers & fiscal issues planners
• Legal counsels
• License administrators
• Negotiators
• Executive strategy & planning managers
• Portfolio managers
• Commercial advisers
• Accountants
• Business development & corporate
• New ventures managers
• Engineers & geophysicists
• Lawyers
• Economists & business analysts
1. Introduction
2. Bonuses, Rentals, Royalties
3. Corporate Income Tax
4. Production Sharing
5. Profit Oil and Sliding Scales
6. Joint Ventures and Carried Interest
7. Progressive and Special Taxes Profit Shares
8. Value Added Taxes, Import Duties and Property Taxes
9. Service Contracts
10. Incremental Analysis
11. Classification of Fiscal Systems
12. Structure of Government Take
13. Level of Government Take
14. Risk Sharing
15. Resource Policies
16. Personal Action Plans Economic Policies
17. Administrative Policies
18. Internal Distribution of Government Take
19. Worldwide Future Trends
Course Cost: £3,399
Media Partner:
CWC Group Events:
This highly interactive training course provides participants with detailed insight into the various approaches to negotiation techniques needed to succeed within the Oil & Gas Industry. It draws onreal-life examples and structures them as exercises to develop and refine skills such as:
• A multi- party negotiation to structure a Greenfield LNG project – which includes role play for the NOC / IOCs /Development bank and environmental agencies. It is set with real life deadlines and has power shifts during the negotiation
• A bilateral negotiation to structure 5 key commercial terms in a Master Sales Agreement
• Risk Analysis and mitigation techniques
• Resolving disputes
Participants will understand key successes and pitfalls to avoid culminating in the opportunity to prepare themselves to achieve their commercial objectives at the negotiating table and to fully support their teams.
By Attending This Course You Will:
• Understand the key, skills, tactics and behaviour to be an effective negotiator
• Learn the skills for negotiating with governments as well as private companies
• Practice the techniques applied to real negotiating problems in the oil and gas businesses through detailed case studies and interactive exercise
• Fully prepare yourself prior to starting the negotiation & understand how to value your negotiating position
• Grasp the techniques to work through difficult circumstances & resolve disputes
• Achieve greater results by improving your communication skills & negotiation style
• Master the ability to work in diverse functional teams
• Learn to navigate around cross-cultural issues successfully
Who Should Attend:
This course is for oil & gas professionals who wish to improve and enhance their abilities when it comes to the various stages of the negotiation of commercial agreements and in day-to-day operations. This includes:
• Legal counsels & lawyers
• Business Development Managers
• Planning personnel
• New Ventures departments
• Commercial managers
• Legal counsels & Lawyers
• Negotiators
Course Leader: Pat Roberts
Course Outline
1. The Essential Characteristics of Skilled Negotiators
a. Planning
b. Keeping to the process
2. Alternative Approaches to Negotiation
Practical Interactive Exercise:
Commercial Negotiations around Key Points in a Master Sales Agreement
3. Risk analysis and risk reduction strategies
Practical Interactive Exercise:
Commercial Negotiations around the Structure of a New Long Term Gas Export Project
4. Team negotiations
5. Practical Interactive Exercise:
The negotiation workshop
6. Questions & answers session
7. Persuasion and influencing skills
Course Cost: £ 2,499 + VAT
This highly interactive training course provides participants with detailed insight into the various approaches to negotiation techniques needed to succeed within the Oil & Gas Industry. It draws onreal-life examples and structures them as exercises to develop and refine skills such as:
• A multi- party negotiation to structure a Greenfield LNG project – which includes role play for the NOC / IOCs /Development bank and environmental agencies. It is set with real life deadlines and has power shifts during the negotiation
• A bilateral negotiation to structure 5 key commercial terms in a Master Sales Agreement
• Risk Analysis and mitigation techniques
• Resolving disputes
Participants will understand key successes and pitfalls to avoid culminating in the opportunity to prepare themselves to achieve their commercial objectives at the negotiating table and to fully support their teams.
By Attending This Course You Will:
• Understand the key, skills, tactics and behaviour to be an effective negotiator
• Learn the skills for negotiating with governments as well as private companies
• Practice the techniques applied to real negotiating problems in the oil and gas businesses through detailed case studies and interactive exercise
• Fully prepare yourself prior to starting the negotiation & understand how to value your negotiating position
• Grasp the techniques to work through difficult circumstances & resolve disputes
• Achieve greater results by improving your communication skills & negotiation style
• Master the ability to work in diverse functional teams
• Learn to navigate around cross-cultural issues successfully
Who Should Attend:
This course is for oil & gas professionals who wish to improve and enhance their abilities when it comes to the various stages of the negotiation of commercial agreements and in day-to-day operations. This includes:
• Legal counsels & lawyers
• Business Development Managers
• Planning personnel
• New Ventures departments
• Commercial managers
• Legal counsels & Lawyers
• Negotiators
1. The Essential Characteristics of Skilled Negotiators
a. Planning
b. Keeping to the process
2. Alternative Approaches to Negotiation
Practical Interactive Exercise:
Commercial Negotiations around Key Points in a Master Sales Agreement
3. Risk analysis and risk reduction strategies
Practical Interactive Exercise:
Commercial Negotiations around the Structure of a New Long Term Gas Export Project
4. Team negotiations
5. Practical Interactive Exercise:
The negotiation workshop
6. Questions & answers session
7. Persuasion and influencing skills
Course Cost: £2,499
This is the only course in the market covering the oil and gas value chain. It offers oil and gas professionals a unique opportunity to broaden their understanding of the technical and commercial fundamentals of the oil and gas industry.
This course will look at the industry basic concepts, such as geology, reservoirs, E&P, facilities, projects economics, legal and fiscal concepts, and also the refining, petrochemicals, distribution and the companies’ future challenges, providing the most complete A to Z understanding of the oil and gas industry.
• Fast track your understanding of the oil and gas value chain
• Boost your comprehension of the legal and commercial structures supporting upstream and downstream
• Develop an understanding of the technical, commercial and operational issues
• Understand global market forecasts, E&P trends and techniques
• Optimise your decision making process by learning economic and investment imperatives
• Master all the industry’s jargon
• Government officials
• Commercial managers
• Public community relations executives
• Marketing sales managers
• HR managers
• HSE personnel
• Tax & accounting personnel
• Legal managers
• Strategists & planners
• Bankers & insurance personnel
• Investors
• New executives to the industry
Course Faculty
M.A.Mian
Martin Hutchison
Dependent on the location, either Mr. Hutchison or Mr. Mian will be delivering the course.
1. What is Oil & Gas and How do we Find it?
a.General Industry Overview and Basic Concepts
2. Oil & Gas Geology
3. Global Perspective
4. The Energy Industry Integrated Value Chain
5. Oil & Gas Prospecting (The Exploration Process)
6. Drilling Operations
7. Technological Advances
8. From Discovery to Development
9. Formation Evaluation
10. The Pre-FID Appraisal Phase
11. Development Phase to FID
12. Front End Engineering Design (FEED)
13. Well Completions
14 Major Field Development Life Cycle
15. Oil & Gas Production Facilities
16. Reservoir Depletion Mechanisms
17. Storage & Transportation
18. Maintenance of Oil & Gas Facilities
19. Gas Flaring
20. Reservoir Management
21. Crude Oil Refinery Products & Processes
22. Commercial & Legal Issues
23. Oil & Gas Price Volatility
24. Oil Price Risk Management
25. Oil & Gas Trading & Transportation
26. NOC’s, IOC’s & I-NOC’s
27. Legal Framework of the Industry
28. Project Economics
Course Cost: £2,399
PSCs are used in key oil & gas producing countries, each of which have different approaches and levels of complexity. New production contracts have also been recently adopted and developed in some key jurisdictions, such as Brazil and Mexico. These complex contracts include a number of clauses that have particular legal interpretation and accompanying fiscal formulas. Therefore, it is crucial to have the correct understanding of the terms in order to calculate the formulas correctly and ensure a smooth contract implementation.
This course will focus on the fiscal, legal and commercial aspects of key PSC clauses in the context of other host government contracts.
Through a detailed analysis of the issues, clauses, comparative case studies, and in-depth computer analysis this course will provide sophisticated insight and further enhance participant’s legal and fiscal knowledge of PSCs.
• Engage in a thorough analysis of the PSC clauses which will help your negotiation process
• Learn the main PSC fiscal terms and ensure project commercial success
• Benchmark international successful PSC agreements and learn the pitfalls to avoid
• Speed up your decision making process by getting the right tools to make the PSC work
• Hear the right PSCs’ risk management strategies to ensure a successful project
• Government officials
• Country managers & external affairs
• Managers
• CEOs & CFOs
• Tax advisers & fiscal issues planners
• Legal counsels
• License administrators
• Negotiators
• Executive strategy & planning managers
• Portfolio managers
• Commercial advisers
• Accountants
• Business development & corporate
• New ventures managers
• Engineers & geophysicists
• Lawyers
• Economists & business analysts
1. Introduction to the PSC Model
2. Basic Production Sharing Features
3. Production Sharing and Royalties
4. Production Sharing and Corporate Income Tax
5. Production Sharing and Joint Ventures
6.Production Sharing and Windfall Profit Features, Resource Taxes and Export Duties
7. Sharing of Resource Wealth: A Comparative Analysis of Deep Water PSCs from 16 Countries
8. World Distribution of PSCs
9. Fiscal Health: A Comparative Analysis of Design Flaws in Deep Water PSCs from 16 Countries
10.Attractiveness to Investors: Worldwide Rating of 47 Different Deep Water PSCs
11. From End Loading vs. Back End Loading in PSCs
12.Sharing of Geological Risk and Ringfencing in PSCs
13. Host Government Contracts
14. Exploration and Production of Hydrocarbons
15. Title to Natural Resources
16. Host Government Contract: Type One – The Concessionary System
17. Host Government Contract: Type Two – PSCs
18. Production Sharing Contracts: A Detailed Examination of the Issues
19. Technical Issues and Expert Determination
20. Detailed Review of the PSC
21. The Production Sharing Contract: A Detailed Examination
22. An Examination of Supplemental Agreements
23. Final Review and Concluding Remarks
Course Cost: £4,399
Directors and managers negotiate everyday of their business lives – with suppliers, customers, third parties, governments and even colleagues. Sometimes the outcomes of these negotiations have a significant impact upon the business and nothing less than the highest level of performance is acceptable. This programme shares the approaches and tools used by professional negotiators.
It explores and explains the routines and tactics which have been proven to be successful in high value and complex negotiations. This course is designed to help you become an accomplished negotiator in oil and gas. If you would like to learn more about oil and gas contracts please attend our World Legal Systems & Contracts for Oil & Gas course.
• Learn and practice the steps necessary to create win / win outcomes in even the most difficult negotiations
• Grasp the right oil and gas tools to help you navigate through a successful negotiation
• Become a more effective negotiator in both contract content and style of negotiation
• Build on your personal negotiation style and learn how to make it work best for you and your company
• Acquire the core skills which underpin success in collaborative, competitive and dynamic negotiations
• Develop positive negotiating habits for negotiations’ planning, control and management
The knowledge gained will assist participants in negotiating better contracts and concessions, identifying the best investment opportunities and gaining practical, up-to-date experience from “real-life” examples.
• Oil & gas lawyers & contract/commercial negotiators who want to refresh their negotiating skills or move onto the next level of performance
• Managers & executives from technical, legal or commercial functions who are expected to undertake or support major negotiations
• Those engaged in contracting, procurement, sales & public relations activities – or involved in negotiating with colleagues
1. Introduction – Become an Accomplished Negotiator
2. Negotiation Techniques & Skills Led by an Experienced Negotiator
3. Alternative Forms & Approaches to Negotiation
4. The Structures & Forms of Negotiation
5. The Squares Negotiating Exercise
6. Structured Problem Resolution
7. International Petroleum Joint Ventures
8. The Most Commonly Made Negotiating Errors & How to Avoid Them
9. Five Modes of Negotiation
10. Planning for Simple Negotiation
11. Working as a Team with a Lawyer
12. Production Sharing Contracts
13. Characteristics of Effective Negotiators
14. Planning Complex Negotiations & Preparation Routines
15. Key Service Contracts
16. Techniques of Persuasion
17. Dealing with Difficult People
18. Working as a Negotiating Team
19. Cultural Differences in Negotiation
20. Settlement of Claims from a Contractor
21. Employment Issues
22. Personal Style Assessment: The Negotiating Self Assessment Tool
23. Questions & Answers Session
24. Conclusions
Course Cost: £3,799 + VAT
Media Partner:
This 10 day course presents the “core curriculum” covered in most graduate business programmes. The knowledge acquired will provide you with a strong business foundation and enable you to function more effectively and efficiently in today’s competitive oil and gas business environment.
This management school for global oil and gas executives, offers an intensive training opportunity for you to develop your knowledge of the principle and techniques of strategic management within the unique context of the oil and gas sector. The focus is on providing you with maximum take-home value of business decision making process, skills and practices.
The Oil & Gas Mini Management & Business Administration course is not an academic qualification. However, by covering the foundations of such a qualification to the same standard, it does provide the course principles of a full-time MBA.
This course is also taking place in:
London, UK
• Develop the imperative skills to lead and manage organisational change
• Prepare yourself to nurture, manage and lead the next generation of oil and gas professionals
• Evaluate the strategic challenges facing the oil and gas sector and what this means for your organisation
• Strengthen your decision making capabilities through enhanced financial awareness
• Gain the people skills that are crucial to becoming a high performance leader
• Underpin the core values of team building required to grow and succeed
• Understand international oil and gas economics and how these impact your business development decisions
• Share experiences and learn from your international peers that will form your network
• Requiring formal training in management skills
• Looking to develop your career in the industry
• Getting promoted from a specialised to a management role
• Transferring to the oil and gas industry from another sector
• Aspiring for potential growth into a management role
Course Leaders: Mark Thomas & Chris Dickin
- Course and Personal Introductions
- Economics and Strategic Imperatives in the Oil & Gas Industry
- The Economics of the Oil & Gas Industry
- Strategic Thinking and Developing Strategy
- Group Working Activity
- Strategy Development and the Management of Change
- Developing Strategy – Using the Strategic Toolkit
- Developing Strategy – Company Analysis
- Essential Oil & Gas Financial Awareness
- The Flow of Finance within an Organisation
- Understanding the Crucial Role of Cash Flow
- Scrutinising Financial Statements
- The Capital Investment Decision
- The Changing Relationship between National Oil Companies (NOC’s) and their Owners, the Governments
- The Role of Nuclear Power in the World’s Energy Mix
- Natural Gas & LNG: The Commercial and Technical Challenges
- Stakeholder Identification and Interaction in Upstream Projects – Creating Win-Win Solutions and Avoiding the Lose-Lose
- Leading and Managing Change
- Implementing Organisational Change
- Leadership and Managing Others
- Knowing Yourself and Understanding Others
- Leading and Managing Others
- Action Planning – Looking into your Future
- Managing Performance
- Understanding Internal Drivers
- Individual Action Planning
- Conclusions of the Course
Course Cost: £7,499
Media Partner:
Following on from the renowned ‘Project Economics, Risk and Decision Analysis Course’, CWC brings you ‘Advanced Project Economics, Risk and Decision Analysis’ with an in depth look at the advanced decision making process and the associated risk and uncertainties involved.
This intensive and practical based course will enhance your decision making skills and techniques, developing your ability to make effective decisions and adding value to your organisation.
The interactive nature of the course will provide you with practical examples for use in your day-to-day decision making process, as well as encouraging high level discussion between participants and the course leader.
The course will explore advanced decision making techniques incorporating financial modeling and software in your decision making process including Decision Trees and Monte Carlo Simulation. Computers will be used throughout the course. You will leave the course with the ability to build new robust models as well as the ability to sophistically tailor existing deterministic models to successfully handle risk and uncertainty. Further, this course will introduce participants to PrecisionTree™ and @RISK™.
A wide range of real life case studies will be used in class, developing knowledge and the ability to tackle uncertainty in a number of different oil and gas focused scenarios.
At the end of the course you will leave with an effective tool kit to enhance your ability to make high level, cost effective decisions, and the ability to sophisticatedly handle risk and uncertainty.
On completion of this course you will receive a complimentary copy of the course leader’s published book, “Project Economics and Decision Analysis, Vol, II”.
• Geologists
• Geophysists
• Petroleum engineers
• Oil & gas investment analysts
• Project management personnel
• Personnel involved in budgeting and profit planning
• Bankers dealing with oil & gas industry financing
• Business development personnel
• Personnel involved in research and development
1. Introduction to Decision Analysis
2. Risk and Uncertainty
3. Understanding Probability Concepts
4. Expected Value Concepts
5. Expected Profitability and Performance Index
6. Decision Trees
7. Value of Information
8. Incorporating Attitudes Towards Risk
9. Determining Venture Participation
10. Monte Carlo Simulation
Course Cost: £2,399 + VAT
Media Partner:
CWC Group Events:
This is the only course in the market covering the oil and gas value chain. It offers oil and gas professionals a unique opportunity to broaden their understanding of the technical and commercial fundamentals of the oil and gas industry.
This course will look at the industry basic concepts, such as geology, reservoirs, E&P, facilities, projects economics, legal and fiscal concepts, and also the refining, petrochemicals, distribution and the companies’ future challenges, providing the most complete A to Z understanding of the oil and gas industry.
This course will also be taking place in:
Cape Town, South Africa
Malabo, Equatorial Guinea
Tripoli, Libya
Accra, Ghana
• Fast track your understanding of the oil and gas value chain
• Boost your comprehension of the legal and commercial structures supporting upstream and downstream
• Develop an understanding of the technical, commercial and operational issues
• Understand global market forecasts, E&P trends and techniques
• Optimise your decision making process by learning economic and investment imperatives
• Master all the industry’s jargon
• Government officials
• Commercial managers
• Public & community relations executives
• Marketing & sales managers
• HR managers
• HSE personnel
• Tax & accounting personnel
• Legal managers
• Strategists & planners
• Bankers & insurance personnel
• Investors
• New executives to the industry
Dependent on the location, either Mr. Hutchison or Mr. Mian will be delivering the course.
1. What is Oil & Gas & How do we Find it?
a.General Industry Overview and Basic Concepts
2. Oil and Gas Geology
3. Global Perspective
4. The Energy Industry Integrated Value Chain
5. Oil & Gas Prospecting (The Exploration Process)
6. Drilling Operations
7. Technical Advances
8. From Discovery to Development
9. Formation Evaluation
10. The Pre-FID Appraisal Phase
11. Development Phase to FID
12. Front End Engineering Design (FEED)
13. Well Completions
14. Major Field Development Life Cycle
15. Oil & Gas Production Facilities
16. Reservoir Depletion Mechanisms
17. Storage & Transportation
18. Maintenance of Oil & Gas Facilities
19. Gas Flaring
20. Reservoir Management
21. Crude Oil Refinery Products & Processes
22. Commercial & Legal Issues
23. Oil & Gas Price Volatility
24. Oil Price Risk Management
25. Oil & Gas Trading & Transportation
26. NOC’s, IOC’s and I-NOC’s
27. Legal Framework of the Industry
28. Project Economics
Course Cost: £2,399
Run for over 30 years, this world famous course continues to be an outstanding success, providing participants with an intimate knowledge of petroleum upstream fiscal systems. Topics include: royalties, production sharing, concessions, joint venture agreements, service agreements, administration of fiscal systems, and standalone vs. incremental analysis.
The course is interactive and relies on two powerful economic Excel spreadsheets designed by Dr van Meurs. With these spreadsheets, participants will understand how various economic factors can impact a fiscal system from both the government and corporate points of view. Participants will receive a subset of the petroleum fiscal software used during the course. This provides a “starter-kit” to solve fiscal issues after completing the course.
This course is also taking placing in:
Rio de Janeiro, Brazil
Amsterdam, The Netherlands
• The nature and details of all the important fiscal features in the world
• The wide variety of fiscal systems based on concessions, production sharing contracts, joint ventures, service contracts and other arrangements
• The underlying economic characteristics of the various fiscal systems
• Advanced economic analysis based on Excel spreadsheets
• How government policies impact on fiscal systems
• Competitive worldwide frameworks for investing in the oil & gas sector
• Future trends in petroleum fiscal terms
The knowledge gained will assist participants in negotiating better contracts and concessions, identifying the best investment opportunities and gaining practical, up-to-date experience from “real-life” examples.
The course is suitable for a wide range of professionals in the oil and gas industry, government, finance and other organisations. This includes:
• Government officials
• Country managers & external affairs
• Managers
• CEOs & CFOs
• Tax advisers & fiscal issues planners
• Legal counsels
• License administrators
• Negotiators
• Executive strategy & planning managers
• Portfolio managers
• Commercial advisers
• Accountants
• Business development & corporate
• New ventures managers
• Engineers & geophysicists
• Lawyers
• Economists & business analysts
1. Introduction
2. Bonuses, Rentals, Royalties
3. Corporate Income Tax
4. Production Sharing
5. Profit Oil and Sliding Scales
6. Joint Ventures and Carried Interest
7. Progressive and Special Taxes Profit Shares
8. Value Added Taxes, Import Duties and Property Taxes
9. Service Contracts
10. Incremental Analysis
11. Classification of Fiscal Systems
12. Structure of Government Take
13. Level of Government Take
14. Risk Sharing
15. Resource Policies
16. Personal Action Plans Economic Policies
17. Administrative Policies
18. Internal Distribution of Government Take
19. Worldwide Future Trends
Course Cost: £3,399
Media Partner:
Overview
Designed specifically for those working in the oil and gas industry, this practical training programme utilises a unique, interactive simulation of a complete project throughout the duration of the course. Participants are able to put to the test the theoretical knowledge gained during the course. This is supported throughout with industry specific case studies.
The course is aligned with the PMI Body of Knowledge (PMBOK), providing an in-depth understanding and knowledge of the entire project management life cycle, tools, techniques, knowledge areas and processes required to ensure successful project completion.
Accredited by PMI (Project Management Institute), participants earn 35 PMI Professional Development Units (PDUs). Those with sufficient experience are able to take the PMI Project Management Professional (PMP®) certificate. On the last day of the course participants will consolidate their learning and review lessons learnt. In addition for those looking to take the PMP® certificate the day will provide an opportunity to participate in a mock exam.
*This course is based on 20/20 Business Insight’s ‘PMI Project Management Professional’ course.
Simulation
Utilising an interactive project simulation throughout, participants form part of a project management team for Polar Petroleum AshKaBash Ltd managing their new project in the fictional world of AshKaBash. The company has recently purchased an existing minority Iceberg field and main operating platform for a large IOC, they believe they can operate and develop the field economically with the use of pioneering technology and reduced operating cost. The project team will manage all aspects of the project, ensuring the project is bought in on time and to budget.
By Attending This Course You Will:
Who Should Attend:
This course is designed for project managers, project team members, other managers, and all those who would benefit from exposure to best practices in project management in the oil industry.
Participants will have the option to take part in 6-10 hours of e-learning exercises; this can be taken at a time convenient to the participant, either prior to the course or as a tool for exam preparation.
Introduction
Initiating the project
Intergration Management
Project Scope Management
Project Time Management
Project Cost Management
Project Monitoring and Control
Project Risk Management
Project Quality Management
Project Communications Management
Project Procurement Management
Project HR Management
Calum Starke began his career as a mechanical engineer before moving into business development roles culminating in board level roles such as national account director for global drinks giant Diageo, he then opted for a move in career direction to project related roles within a variety of sectors such as Digital Media Networks, Engineering and Finance.
Calum’s credentials include MAPM (Member of the Association of Project Management), CAPM (Certified Associate in Project management, MPMI (Member of the Project Management Institute), PMP (Project Management Professional), IQA (Internal Quality Auditor) and lecturer in M.Sc Project Management for The University of Aberdeen amongst other less formal qualifications.
Calum has spent the last 10 years developing and delivering project and leadership related training globally with a particular focus and interest within the energy sector working with clients such as BP, Shell, Centrica KOGAS, Technip, Subsea 7 and EON.
Participants are provided with a comprehensive overview of the oil and gas law issues involved in the global upstream petroleum business. Beginning with a general description of the constitutional and legal regimes that govern oil and gas, attendees will learn about the key principles of the laws and host government contracts that regulate oil and gas activities.
This will include a section that describes the economic terms related to oil and gas fiscal systems. After developing an understanding of the terms under which private organisations can conduct oil and gas development, the course will review the agreements that are entered into by private organisations for the joint development, processing and marketing of oil and gas.
• Gain the knowledge of petroleum law frameworks and how they can foster oil and gas activity
• Review petroleum contract structures that host governments and oil companies use to grant petroleum rights and govern petroleum activities
• Analyse key petroleum agreements relating to exploration, development and marketing of oil and gas
• Participate in unique simulation exercise that will put into practice the knowledge gained over the week
Professionals from the oil and gas industry, both from the private and public sector who need to broaden their knowledge of legal systems governing the industry globally, including:
• Legal counsel & officers
• Legal advisers
• Lawyers/attorneys
• Country managers
• Contract managers
• Commercial managers
• Company/executive secretaries
• Business planners
• Negotiators
• Business development managers
1. Introduction
2. Applicable Law
3. Ownership of Mineral Rights
4. Host Government Petroleum Regimes: Petroleum Law and Regulations
5. Host Government Contracts
6. International Practice
7. Award Systems
8. Fostering Investment: The Role of the Legal Climate
9. Upstream Petroleum Economics: A Primer
10. The “Resource Curse”: Can the Legal Regime Help
11. Joint Development and Operations
12. Drilling Contracts
13. Product Marketing
14. Dispute Resolution in International Petroleum Transactions
Course Cost: £3,399 + VAT
This is the only course in the market covering the oil and gas value chain. It offers oil and gas professionals a unique opportunity to broaden their understanding of the technical and commercial fundamentals of the oil and gas industry.
This course will look at the industry basic concepts, such as geology, reservoirs, E&P, facilities, projects economics, legal and fiscal concepts, and also the refining, petrochemicals, distribution and the companies’ future challenges, providing the most complete A to Z understanding of the oil and gas industry.
This course will also be taking place in:
Cape Town, South Africa
Malabo, Equatorial Guinea
Nairobi, Kenya
Tripoli, Libya
Accra, Ghana
• Fast track your understanding of the oil and gas value chain
• Boost your comprehension of the legal and commercial structures supporting upstream and downstream
• Develop an understanding of the technical, commercial and operational issues
• Understand global market forecasts, E&P trends and techniques
• Optimise your decision making process by learning economic and investment imperatives
• Master all the industry’s jargon
• Government officials
• Commercial managers
• Public & community relations executives
• Marketing & sales managers
• HR managers
• HSE personnel
• Tax & accounting personnel
• Legal managers
• Strategists & planners
• Bankers & insurance personnel
• Investors
• New executives to the industry
Course Faculty:
M.A.Mian
Martin Hutchison
Dependent on the location, either Mr. Hutchison or Mr. Mian will be delivering the course.
1. What is Oil & Gas & How do we Find it?
a.General Industry Overview and Basic Concepts
2. Oil and Gas Geology
3. Global Perspective
4. The Energy Industry Integrated Value Chain
5. Oil & Gas Prospecting (The Exploration Process)
6. Drilling Operations
7. Technical Advances
8. From Discovery to Development
9. Formation Evaluation
10. The Pre-FID Appraisal Phase
11. Development Phase to FID
12. Front End Engineering Design (FEED)
13. Well Completions
14. Major Field Development Life Cycle
15. Oil & Gas Production Facilities
16. Reservoir Depletion Mechanisms
17. Storage & Transportation
18. Maintenance of Oil & Gas Facilities
19. Gas Flaring
20. Reservoir Management
21. Crude Oil Refinery Products & Processes
22. Commercial & Legal Issues
23. Oil & Gas Price Volatility
24. Oil Price Risk Management
25. Oil & Gas Trading & Transportation
26. NOC’s, IOC’s and I-NOC’s
27. Legal Framework of the Industry
28. Project Economics
Course Cost: £2,399
Volatile oil and gas prices have put existing contracts under pressure as companies seek to reduce costs and improve profitability. The objective of this course is to provide you with the skills needed to protect your interests in the current difficult market conditions. This programme covers some of the most common areas of disputes such as EPIC contracts and price re-opener provisions. Participant will be able to evaluate the best ways to manage those disputes and strike the balance between maximising returns in the short term and nourishing valuable relationships in the long term.
• Gain insight into how to protect your interests when reviewing dispute resolution provisions
• Acquire a practical knowledge of dispute resolution process through a step-by-step approach
• Master the commercial perspective so you can manage the dispute and keep your company objectives in mind
• Review case studies on EPIC and gas sales contracts
• Assess the benefits of using expert determination, mediation or conciliation
The course is suitable for a wide range of professionals in the oil and gas industry, government, finance and other organisations. This includes:
• Legal, commercial and negotiating teams in oil & gas companies
• Engineering, procurement & installation companies
• Other oil & gas service providers
• Government & policy makers
• Companies in the financial & insurance sectors
• Law firms
1. Introduction
2. Avoiding & Resolving Disputes: Why it Matters?
3. Avoiding Early Pitfalls
4. Considerations in Agreeing Contractual Dispute Resolution Mechanisms
5. Identifying, Allocating, Managing & Mitigating Risk
6. Investment & Risk in Exploration: Arbitration Scenarios
7. Arbitration: Strategy, Tactics & Enforcement
8. Arbitration: An Introduction to the Dispute
9. Arbitration: Process, Strategy & Tactics
10. The Arbitration Clause
11. Arbitration Clause Drafting Exercise – Analysis, Sealed Offers & Mock Arbitration Enforcement of Awards
12. The Use of Expert Determination, Mediation & Conciliation
13. Escalation & Mediation
14. Multi-Party Disputes
15. Settlement
Course Cost: £2,499 + VAT
This is the only course in the market covering the oil and gas value chain. It offers oil and gas professionals a unique opportunity to broaden their understanding of the technical and commercial fundamentals of the oil and gas industry.
This course will look at the industry basic concepts, such as geology, reservoirs, E&P, facilities, projects economics, legal and fiscal concepts, and also the refining, petrochemicals, distribution and the companies’ future challenges, providing the most complete A to Z understanding of the oil and gas industry.
This course will also be taking place in:
Cape Town, South Africa
Malabo, Equatorial Guinea
Nairobi, Kenya
Accra, Ghana
• Fast track your understanding of the oil and gas value chain
• Boost your comprehension of the legal and commercial structures supporting upstream and downstream
• Develop an understanding of the technical, commercial and operational issues
• Understand global market forecasts, E&P trends and techniques
• Optimise your decision making process by learning economic and investment imperatives
• Master all the industry’s jargon
• Government officials
• Commercial managers
• Public & community relations executives
• Marketing & sales managers
• HR managers
• HSE personnel
• Tax & accounting personnel
• Legal managers
• Strategists & planners
• Bankers & insurance personnel
• Investors
• New executives to the industry
Course Faculty:
M.A.Mian
Martin Hutchison
Dependent on the location, either Mr. Hutchison or Mr. Mian will be delivering the course.
Course Outline:
1. What is Oil & Gas and How do we Find it?
a.General Industry Overview and Basic Concepts
2. Oil & Gas Geology
3. Global Perspective
4. The Energy Industry Integrated Value Chain
5. Oil & Gas Prospecting (The Exploration Process)
6. Drilling Operations
7. Technological Advances
8. From Discovery to Development
9. Formation Evaluation
10. The Pre-FID Appraisal Phase
11. Development Phase to FID
12. Front End Engineering Design (FEED)
13. Well Completions
14 Major Field Development Life Cycle
15. Oil & Gas Production Facilities
16. Reservoir Depletion Mechanisms
17. Storage & Transportation
18. Maintenance of Oil & Gas Facilities
19. Gas Flaring
20. Reservoir Management
21. Crude Oil Refinery Products & Processes
22. Commercial & Legal Issues
23. Oil & Gas Price Volatility
24. Oil Price Risk Management
25. Oil & Gas Trading & Transportation
26. NOC’s, IOC’s & I-NOC’s
27. Legal Framework of the Industry
28. Project Economics
Course Cost: £2,399
Media Partner:
Natural gas is widely seen as a key component of the world’s energy solution. This intensive training course will enable you to better understand the way that natural gas and contracts interlink with each other. At the end of the training course you will be fully prepared to return to your workplace armed with the best techniques to minimise commercial risk associated with various contracts. You will leave with the knowledge necessary to position your company in the optimum place to negotiate the best deal by understanding these complex processes and terms.
• Overcome the difficulties and develop the skills to negotiate the ideal Sale & Purchase Agreement
• Understand all the contracts and how natural gas and LNG projects are structured
• Identify and minimise risks involved in contracts
• Fully prepare yourself to select the most relevant agreement
• Improve your awareness of gas and LNG project financing
All professionals involved in natural gas and LNG who wish to gain an effective understanding of the main aspects of contracts. This includes:
• Legal counsels & lawyers
• Negotiators
• Commercial managers
• Business development managers
• Executives from power generating companies
• Executives from distributing companies
• Executives from industrial power users
• Bankers
1. Introduction to Course Objectives
2. Host Country Issues
a. Common Terms & Measurements
b. History, Demand, Reserves & Trading
c. Industry Elevation
d. Gas
e. Market Examination
f. Host Country Risk Assessment
g. Project Issues – Legal & Commercial
h. Types of Host Government Contracts
i. Specific Issues in Host Government Contracts
3. Specific Upstream Agreements
a. Exploration & Production Sharing Agreements (“ESPA”)
b. Gas Sale Agreement (“GSA”)
c. Development & Fiscal Agreement (“DFA”)
d. Development & Production Sharing Agreement (“DPSA”)
e. Joint Venture Agreement (“JVA”)
4. Project Finance
a. Information Memorandum
b. The Commitment Letter Credit Agreements
5. LNG Sale & Purchase Agreement (“SPA”)
6. Shipping Issues
a. Time Charter Party Agreement
7. The Engineering Procurement & Construction Contract (“EPC”)
8. The Terminal Use Agreement (“TUA”)
a. General Terms & Conditions
b. Annual Capacity Charge
9. Other Types of Legal Agreements
a. Confidentiality Agreement
b. Study & Bid Agreement
c. Project Feasibility Study
d. Safety Concerns
e. Additional Matters
Course Cost: £2,099
This computer-based course is designed to provide you with an in-depth knowledge of project economics and decision analysis. It will help you optimise the economic value from the development and operation of energy resource production and processing operations. The course will empower you with the skills to face day-to-day decisions by reinforcing your analytical capabilities, your investment evaluation competencies and your budgeting techniques, whilst strengthening your decision making processes.
The course aims to bridge the gap between theory and practice: the hands-on approach of this course will be enhanced by intensive working analysis exercises and spreadsheet application examples. Economic models used for project economics analysis will be provided and you will be exposed to using Excel for developing and solving more than 50 financial problems. A variety of decision trees and simulation problems will also be designed and solved throughout the course.
Solving the exercises will enable you to develop your own economic models with ease on your return to the workplace.
On completion of this course you will receive a complimentary copy of the course leader’s published book, “Project Economics and Decision Analysis, Vol l.”
For more information about the advanced course click on this link>>Advanced Project Economics, Risk & Decision Analysis for Oil & Gas
• Clarify concepts such as: time value of money, cash-flow models, capital budgeting, income producing investments, decision analysis classification, expected value and decision trees
• Improve your decision process, investment and opportunity analysis and core management competencies
• Conduct your operations in the most efficient, cost effective, safe and environmentally acceptable manner
• Maximise the return on investments by good decision making processes based on the commercial viability of projects
• Use a case study based explanation analysis, highlighting realistic and challenging scenarios
• Design and solve more than 50 spreadsheet application examples
• Develop the capacity to build your own economic examples
• Planning managers
• Oil & gas engineers
• Project managers
• Analysts
• Commercial managers
• Economists
• Government officials
• Geologists
• Business advisors
• Asset managers
• E&P managers
• Product managers
1. Pre-Course Assessment
– Introduction
2. Inflation
3. Simple & Compound Interest
4. The Time Value of Money
5. Spreadsheet Application
6. Before-Tax Cash-Flow Model
7. After-Tax Cash-Flow Model
8. Nominal & Real Cash-Flow
– Weighted Average Cost of Capital (WACC)
9. Relationship Between Cash-Flow & WACC
– Spreadsheet Application
10. Profitability Indicators
11. Netback Value & Indexed Pricing
12. Funds Flow & Discounting Problems & Solutions
13. International Petroleum Economics
14. Economic Assessment of International Contracts
15. Investment Selection Decision Making
16. Introduction to Decision Analysis
17. Basic Profitability Concepts
18. Expected Value Concepts
19. Decision Trees
20. Simulation in Decision Analysis
21. Problems & Solutions
22. Post Course Assessment
Course Cost: £3,399 + VAT
Participants are required to bring their own laptop
Following on from the renowned ‘Project Economics, Risk and Decision Analysis Course’, CWC brings you ‘Advanced Project Economics, Risk and Decision Analysis’ with an in depth look at the advanced decision making process and the associated risk and uncertainties involved.
This intensive and practical based course will enhance your decision making skills and techniques, developing your ability to make effective decisions and adding value to your organisation.
The interactive nature of the course will provide you with practical examples for use in your day-to-day decision making process, as well as encouraging high level discussion between participants and the course leader.
The course will explore advanced decision making techniques incorporating financial modeling and software in your decision making process including Decision Trees and Monte Carlo Simulation. Computers will be used throughout the course. You will leave the course with the ability to build new robust models as well as the ability to sophistically tailor existing deterministic models to successfully handle risk and uncertainty. Further, this course will introduce participants to PrecisionTree™ and @RISK™.
A wide range of real life case studies will be used in class, developing knowledge and the ability to tackle uncertainty in a number of different oil and gas focused scenarios.
At the end of the course you will leave with an effective tool kit to enhance your ability to make high level, cost effective decisions, and the ability to sophisticatedly handle risk and uncertainty.
On completion of this course you will receive a complimentary copy of the course leader’s published book, “Project Economics and Decision Analysis, Vol, II”.
• Geologists
• Geophysists
• Petroleum engineers
• Oil & gas investment analysts
• Project management personnel
• Personnel involved in budgeting and profit planning
• Bankers dealing with oil & gas industry financing
• Business development personnel
• Personnel involved in research and development
1. Introduction to Decision Analysis
2. Risk and Uncertainty
3. Understanding Probability Concepts
4. Expected Value Concepts
5. Expected Profitability and Performance Index
6. Decision Trees
7. Value of Information
8. Incorporating Attitudes Towards Risk
9. Determining Venture Participation
10. Monte Carlo Simulation
Course Cost: £2,499 + VAT
Agenda
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