Economic Evaluation for Projects ( New Projects/ Existing Projects Expansion)

Overview

This course is designed for learning the basics of petroleum economics and project selection. Several key concepts
that will be covered are the time value of money, cash flow basics, common economic indicators, fiscal systems, and project selection fundamentals. An introduction to basic risk analysis will also be presented.
The participants will receive an overview of petroleum economics, including an introduction to basic cash flow
and net present value. The main types and elements of fiscal regimes around the world will be presented. During
this course, participants will evaluate and make recommendations on potential oil and gas investments.

Objectives

1- The primary objectives of this GLOMACS training course are to:
2- Understand various economic terms used in the Oil & Gas industry
3- Understand how to develop economic models of various petroleum fiscal regimes
4- Carry out cash flow analysis, and different economic analyses for petroleum-related project and determine
economic indicators
5- Evaluate and quantify risks and uncertainties
6- Make the right investment decision in the presence of risk
7- Carry out a comprehensive economic evaluation study for any petroleum-related project including risk analysis
and sensitivity study using a spreadsheet
8- Contribute to the petroleum project investment within a solid economic system and do a detailed economic
evaluation
9- Contribute to the decision-making process for any petroleum-related project

Organizational Impact

By sending delegates to this 5-day GIPMD training seminar in Petroleum Project Economics and Risk Analysis, your organization will benefit by:
1- Participants learn about the application of economic valuation and risk assessment processes and techniques within the global Oil & Gas industry
2- Help the participants to identify and analyze the risk involved in a petroleum-related project

3- Help the participants to apply the decision-making procedures to justify the petroleum projects in terms of profitability
4- Help the participants to recognize the uses of options in the ranking criteria to select and execute the high profitable project
5- Putting value to the Oil & Gas companies’ active projects through interpretation of economic results of applied case studies
6- Help participants recognize and identify the influencing parameters for oil and gas field developments

Personal Impact

By attending this GIPMD training seminar you will:
1- Learn to construct a project cash flow model
2- Gain the techniques in project ranking and screening
3- Gain the operational decision-making techniques under risk
4- Capable of identifying the uncertainties in petroleum-related project and how to manage them
5- Enhance the participant’s awareness of influential parameters in an oil and gas field development plan

Who Should Attend?

This Gipmd 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:
1- Oil & Gas Field Engineers
2- Oil & Gas Managers
3- Oil & Gas Auditors
4- Oil & Gas Planners
5- Financial Analysts
6- Project Management Professionals

Course Timings:

Daily Course Timings:

08:00 – 08:20 Morning Coffee / Tea
08:20 – 10:00 First Session
10:00 – 10:20 Coffee / Tea / Snacks
10:20 – 12:20 Second Session
12:20 – 13:30 Lunch Break & Prayer Break
13:30 – 15:00 Last Session

Certification:

From Global Institute for Projects Management & Development (GIPMD)