Project Analysis: Tools and Techniques for Managing Risk and Uncertainty (Certified Project Analyst)
By: GLOMACS Training and Consultancy
Dec 09 - 13 Dec, 2013
Large capital-intensive projects in the oil and gas industries require substantial - and mostly risky - investments in the acquisition, exploration, and subsequent operation and maintenance of new organizational assets. The decision whether or not to invest in new capital projects in the oil and gas industry, starts with critical decisions during the exploration phase of a new development, or the expansion of an existing field. The decision-making tools used to analyze project risk under conditions of uncertainty will help companies to determine the probability of success or loss, and will drive the decision to develop or abandon the well. Of paramount importance therefore, is the systematic and comprehensive evaluation of potential investments, and the development of detailed cash-flow analyses to determine as accurately as possible, the expected returns to the organization under varying conditions of uncertainty over the expected productive life of the project.
Venue: Kuala Lumpur, Malaysia