COURSE OVERVIEW
TM1125 : Quantitative Decision Making in the Oil/Gas Industry

OVERVIEW
COURSE TITLE | : | TM1125 : Quantitative Decision Making in the Oil/Gas Industry |
COURSE DATE | : | Jan 19 - Jan 23 2026 |
DURATION | : | 5 Days |
INSTRUCTOR | : | Dr. Frederick Labuschagne |
VENUE | : | London, United Kingdom |
COURSE FEE | : | $ 8800 |
Register For Course Outline |
Course Description
This practical and highly-interactive course includes real-life case studies and exercises where participants will be engaged in a series of interactive small groups and class workshops.
This course is designed to provide participants with a detailed and up-to-date overview of Quantitative Decision Making in the Oil/Gas Industry. It covers the decision making in oil/gas, quantitative analysis, statistical concepts for decision making and decision trees in oil/gas; the data sources and quality in oil/gas and risk identification, classification and probability assessment techniques; the expected value and variance, sensitivity and scenario analysis, portfolio decision making and real options analysis; and the discounted cash flow (DCF) analysis, cost-benefit and cost-effectiveness analysis, production forecasting and decline curve analysis.
Further, the course will also discuss the optimization techniques and economic modeling under uncertainty; the cost of capital and hurdle rates, exploration risk analysis, reserves and resources estimation; the drilling decision analysis and production optimization decisions; and the facility sizing, investment timing, quantitative safety and environmental decisions.
During this interactive course, participants will learn the asset modeling for decisions, quantitative decision support systems and communicating quantitative results; and the decision making techniques covering Delphi method, nominal group technique and managing bias in group settings.
link to course overview PDF
TRAINING METHODOLOGY
This interactive training course includes the following training methodologies:
LecturesPractical Workshops & Work Presentations
Hands-on Practical Exercises & Case Studies
Simulators (Hardware & Software) & Videos
In an unlikely event, the course instructor may modify the above training methodology for technical reasons.
VIRTUAL TRAINING (IF APPLICABLE)
If this course is delivered online as a Virtual Training, the following limitations will be applicable:
Certificates | : | Only soft copy certificates will be issued |
Training Materials | : | Only soft copy materials will be issued |
Training Methodology | : | 80% theory, 20% practical |
Training Program | : | 4 hours per day, from 09:30 to 13:30 |
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