The Petroleum Project Economics, Risk & Decision Analysis Training Course from the Imperial Corporate Training Institute prepares professionals in the petroleum industry with sophisticated financial, analytical, and decision-making skills necessary to thrive in today’s competitive energy environment. In a market driven by shifting prices, evolving regulations, and increased intensity of capital, the ability to evaluate investment opportunities is now an essential competency for businesses. This course provides attendees with the commercial acumen and analytical capabilities necessary to move a high-value petroleum project forward with confidence, speed, and clarity.
Intended for professionals involved in upstream, midstream, and downstream project planning and evaluation, the programme is designed to move beyond textbook financial theories and evaluate the real-world aspects of capital allocation, portfolio optimization, cost-risk evaluation, operational uncertainties, and commercial motivators that drive multi-billion dollar petroleum investments. In addition to exercises, data-modelling, and corporately aligned decision-making frameworks, participants understand how economic indicators, risk factors, and project uncertainties influence the commercial viability and strategic placement of the petroleum opportunity.
Objectives
The primary objectives of this training course are:
- Develop an advanced understanding of the valuation of petroleum projects and sophisticated financial modelling.
- Assemble and analyse the economic variables relevant to a petroleum project, such as NPV, IRR, payback period, and profitability index.
- Develop decision making skills through the application of risk assessment, sensitivity analysis and probabilistic forecasting.
- Enhance your ability to assess capital intensive petroleum projects in changing market conditions.
- Understand price dynamics of world oil and natural gas markets, fiscal systems, production sharing agreements, royalties and tax implications on project returns.
- Assess real-world oil and gas projects that use scenario-based analysis and apply findings to support the strategic decision making of executives.
- Conduct an assessment of a project’s economic and commercial implications with respect to operational delays, costs overruns, and technical/alliance uncertainty.
- Achieve the ability to apply portfolio management, investment ranking, and allocate corporate capital.
- Learn to interpret risk profiles and stakeholder expectations to facilitate board level reporting and projects.
- Assess high-value projects using decision trees, Monte Carlo simulations, probabilistic models and risk matrices.
Target Audience
This course is ideal for:
- Corporate strategists, petroleum economists, and investment analysts interested in enhanced commercial evaluation capacity.
- Project managers, project controllers, and planning professionals engaged in the capital project decision cycles.
- Engineers are transitioning into their economic and strategic roles in oil and gas companies.
- Finance, treasury, and commercial teams that are acting as support for large-scale petroleum investment analyses.
- Executives, department heads, and business unit leaders who are tasked with capital budgeting and risk-informed decision making.
- Government and regulatory professionals charged with implementing petroleum fiscal frameworks and evaluating concessions.
- Consultants, advisors, and analysts supporting operators, investors, and joint-venture partners during project appraisal.
- Anyone in oil and gas organisations who has a contribution to project scoping, economic modelling, or strategic consideration.