Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

Workshop On Petroleum Project Economics And Risk Analysis

By: Skills for Africa Training Institute

Kenya

08 - 12 Jul, 2024  5 days

Follow Event

  

USD 1,500

Venue: Nairobi

Other Dates

Venue Date Fee  
Nairobi, Kenya 12 - 16 Aug, 2024 USD1500
Nairobi, Kenya 09 - 13 Sep, 2024 USD1500
Kigali, Rwanda 14 - 18 Oct, 2024 USD2950
Mombasa, Kenya 11 - 15 Nov, 2024 USD1500
Nairobi, Kenya 09 - 13 Dec, 2024 USD1500

Exploration and Production companies often must evaluate their potential E&P investment using proper present value analyses of expected future cash flows. From the projected cash flows and required investments, the annual rate of return and other project economic indicators can be extracted to evaluate the significance of company investment.

This program provides practical guidance in the application of the techniques of the economic analysis currently used in the oil & gas industry. When executing a petroleum related project, one should be able to choose the best alternative from economic point of view as well as to properly evaluate various investment opportunities by determining economic indicators and sensitivity analysis. Techniques for predicting profit, production, costs, and cash flow enable the analyst to evaluate decision alternatives for optimum results. Understanding economic indicators, risk and uncertainty, different economic structures such as tax regimes and production sharing contracts, enhances the quality and the value of economic analysis.

COURSE OBJECTIVES

By the end of the course the participant should be able to:

  • Understand various economic terms used in the oil & gas industry.
  • Understand how to develop economic models of various petroleum fiscal regimes.
  • Carry out cash flow analysis, different economic analyses for petroleum related project and   determine economic indicators.
  • Evaluate and quantify risks and uncertainties.
  • Make the right investment decision in the presence of risk.
  • Carry out a comprehensive economic evaluation study for any petroleum related project including risk analysis and sensitivity study using spreadsheet.
  • Contribute to the petroleum project investment within a solid economic system and do a detailed economic evaluation.
  • Contribute to the decision making process for any petroleum related project.

 

DURATION

5 Days

WHO SHOULD ATTEND

This workshop is designed to provide technical and practical approaches to executing a petroleum related project in upstream sector. This program is suitable to a wide range of professionals but will greatly benefit:

  • Professionals from Ministries of Oil, Gas & Petroleum,
  • Oil and Gas Field Engineers,
  • Oil and Gas Managers,
  • Oil and Gas Auditors,
  • Oil and Gas Planners,
  • Financial Analysts.

COURSE CONTENT

DAY 1

Economic Indicators 

  • Economic Indicators Definitions
  • Present Value Concept
  • Discount Factor
  • Net Present Value
  • Internal Rate of Return
  • Effect of Project Delay
  • Payback Period
  • Profit/Investment Ratio
  • Incremental Projects

DAY 2

Cash Flow Analysis

  • Familiarization with Economic terms
  • Setting up Cash Flow Calculation
  • Depreciation Methods
  • Loss Carry Forwards
  • Inflation
  • Nominal & Real Cash Flow
  • Sunk Costs
  • Project Financing

DAY 3

Risks & Uncertainties

  • Expected Value Concept
  • Decision Tree Analysis
  • Farm-out Decision
  • Probability Analysis
  • Sensitivity Analysis
  • Probability Distribution
  • Monte Carlo Simulation

DAY 4

Setting up Calculation

  • Introduction to Spreadsheet Calculation
  • Simple Cash Flow Using Excel
  • NPV calculations
  • Application of economic indicators
  • Class discussion

DAY 5

Setting up Oil Field Development Model

  • Setting up an Integrated Economic Model of a Typical Oil Field Development
  • Project Sensitivity Analysis for the selected model
  • Introduction to Russell field model
  • Final remarks
  •  

GENERAL NOTES

  • This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.
  • Training manuals and additional reference materials are provided to the participants.
  • Upon successful completion of this course, participants will be issued with a certificate.
Nairobi Jul 08 - 12 Jul, 2024
Nairobi, Kenya 12 - 16 Aug, 2024
Nairobi, Kenya 09 - 13 Sep, 2024
Kigali, Rwanda 14 - 18 Oct, 2024
Mombasa, Kenya 11 - 15 Nov, 2024
Nairobi, Kenya 09 - 13 Dec, 2024

Class Session: 08:00:am - 04:00:am

USD 1,500.00
USD 1,500.00
USD 2,950.00
USD 4,500.00
(Convert Currency)

Nixon Kahuria +254 702 249449

Skills for Africa
NST PPC Advert

Related Courses

Training on Digitalization for Oil and Gas Training on Digitalization for Oil and Gas

5 days, 08 - 12 Jul, 2024 

2024-07-08 12:07:00 2024-07-08 12:07:00
Kenya

Skills for Africa Training Institute

Digitalization, in its various forms, is slated to transform the landscape of oil and gas operations. This is achieved by adding new game-changing efficiencies and transcending barriers to boost ...

Senior Management Leadership Program Senior Management Leadership Program

12 days, 08 - 19 Jul, 2024 

2024-07-08 12:07:00 2024-07-08 12:07:00
Kenya

Skills for Africa Training Institute

This Training on Senior Management Leadership Program is a dynamic, high profile leadership and management program targeted at top level senior managers and executives of various organizations; ...

Corporate Social Responsibility Seminar Corporate Social Responsibility Seminar

5 days, 08 - 12 Jul, 2024 

2024-07-08 12:07:00 2024-07-08 12:07:00
Kenya

Skills for Africa Training Institute

This course focuses on the concept of corporate social responsibility. It assesses whether corporations ought to put more thought on the influence of the corporations activities to the society other ...

Training Course On Human Resource Management And Administration Training Course On Human Resource Management And Administration

12 days, 15 - 26 Jul, 2024 

2024-07-15 12:07:00 2024-07-15 12:07:00
Kenya

Skills for Africa Training Institute

Human Resource administration is all about striking a balance between the employees and the organisation by doing what is best in the interest of the organisation and at the same time meeting ...