DE1158 : Advanced Project Economics, Risk & Decision Analysis

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 Advanced Oil & Gas Project Economics, Risk & Decision Analysis. It covers the development economics, uncertainty in investments, risks and uncertainties; setting-up spreadsheet calculations using Excel and handling uncertainty in petroleum projects; the different economic terms used in the oil and gas industry; the expected value concept and its impact on decision tree analysis; the economic evaluation of oil and gas projects; quantifying project costs and benefits; assessing and quantifying risks in oil and gas projects; the risk mitigation and contingency planning; and managing project risk throughout the project lifecycle.
During this interactive course, participants will learn the decision analysis techniques; the capital budgeting, project cash flows and capital expenditures; the project financing process and the types of project financing available for oil and gas projects; the importance of financial risk management in project financing; the strategies for structuring and negotiating project financing; the oil and gas investment opportunities, portfolio management and project portfolios; evaluating the performance of oil and gas projects; and improving project, performance, effectiveness, continuous improvement and optimization of oil and gas projects.