By the end of this training course, participants will be able to:

• Understand the critical economic and financial concepts that drive the upstream oil andgas industry, including the upstream petroleum value chain, fiscal systems, and financialmetrics.
• Analyze and manage risks associated with upstream oil and gas operations, includingexploration, production, and investment activities.
• Conduct financial analysis to evaluate the profitability of different projects, using techniques such as cash flow analysis, time value of money, and sensitivity and scenario analysis.
• Evaluate and select profitable projects using capital budgeting techniques and investment criteria.
• Apply the concepts learned in real-world situations by analyzing case studies and participating in practical exercises.
• Communicate effectively with other teams and organizational stakeholders, using a common language and understanding of key economic and financial concepts.
• Enhance their skills and knowledge of upstream petroleum economics, risk management, and fiscal analysis to improve their career prospects and contribute more effectively to their organization.

Organisational Impact

• Participants will learn how to evaluate and manage risks associated with upstream oil and gas operations, enabling them to make informed decisions about exploration, production, and investment activities.
• By conducting fiscal analysis, participants can identify profitable projects and avoid unprofitable ones, leading to increased profitability for the organization.
• The course will provide participants with a common language and understanding of key economic and financial concepts, facilitating better communication and collaboration between different teams within the organization.

Personal Impact

This training course will be of personal benefit to delegates by providing them with:

• A deeper understanding of the economic and financial factors that drive the upstream oil and gas industry and practical skills for analyzing and managing risks and conducting fiscal analysis.
• Enhance expertise and make them more valuable to their organization, potentially leading to career advancement opportunities.
• Developing a solid understanding of economic and financial concepts, participants will feel more confident in contributing to their organization and making informed decisions.

• Project Managers
• Finance Professionals
• Senior ExecutivesExploration and Production Professionals
• Government Regulators
• Investment Professionals

Day One: Introduction to Upstream Petroleum Economics

• Overview of the Upstream Oil and Gas Industry
• Basic economic concepts and principles
• Overview of the upstream petroleum value chain

Day Two: Risk Management in Upstream Petroleum

• Understanding risk and uncertainty
• Types of Risks in upstream oil and gas operations
• Risk management strategies and tools

Day Three: Fiscal Analysis in Upstream Petroleum

• Overview of fiscal systems in the Oil and gas industry
• Key financial metrics for evaluating upstream projects
• Fiscal Analysis Techniques for Decision-making

Day Four: Project Economics

• Estimating project costs and revenues
• Cash flow analysis and time value of money
• Sensitivity and scenario analysis

Day Five: Investment Analysis

• Capital budgeting techniques
• Investment criteria and Decision-making
• Portfolio management and diversification

BTS attendance certificate will be issued to all attendees completing a minimum of 80% of the total course duration.

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