Professional Training

Advanced Oil & Gas Project Economics Evaluation & Financial Modelling (Public & Virtual)

London Petro Academy Limited, In London (+7 locations)
Length
4 - 8 hours
Length
4 - 8 hours
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Course description

Advanced Oil & Gas Project Economics Evaluation & Financial Modelling (Public & Virtual)

This, very interesting, 5-Day course goes beyond the routine deterministic economic evaluation of projects/investments. As the uncertainty in project/investment variables increase so is the need for the application of more sophisticated methods. The expected value analysis and Monte Carlo simulations are becoming popular in almost every industry that is subject to greater uncertainty.

This is a hand-on course in which the participants actually model a variety of problems with decision trees and Monte Carlo simulation. At the end of the course an integrated model is presented, which can be used for upstream economics of full field development.

Suitability - Who should attend?

Who should attend

  • Planning managers
  • Oil & gas engineers
  • Project managers
  • Analysts
  • Commercial managers
  • Economists, business analysts & business development personnel
  • Government officials, legal counsels & negotiators
  • Geologists
  • Business advisors
  • Asset managers
  • E&P managers

Outcome / Qualification etc.

  • Describe the elements of the decision analysis process and the respective roles of management and the analysis team
  • Be able to understand the continuous probability distributions
  • Calculated expected values using Excel and Decision Tree
  • Tailor the existing Excel models to handle Monte Carlo simulation
  • Build Monte Carlo Simulation model using industry software, run the model and interpret results
  • Evaluate investment and design alternatives with decision tree analysis
  • Develop and solve decision trees for value of information (VOI) problems
  • A variety of problems will be solved in the class to reinforce understating of the concepts
  • Be able to present the results of analysis to management in a meaningful way.

Course delivery details

All London Petro Academy courses are available face to face classroom style as well as virtually.

They are also available In-House and can be tailored to your company's specific requirements.

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London Petro Academy Limited
3rd Floor, 207 Regent Street
W1B 3HH London Greater London

London Petro Academy Limited

Worldwide Leading Oil & Gas & Renewable Energy Training Provider headquartered in London, we have been operating all over the world providing world-class training courses for oil and gas and renewable energy professionals. London Petro Academy covers the entire Oil...

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