COURSE OVERVIEW:

The petroleum industry is characterized by high capital intensity, geological uncertainty, and significant geopolitical volatility, necessitating a specialized approach to risk-based decision-making. This course provides a comprehensive framework for managing risk and making informed investment decisions in Upstream, Midstream, and Downstream projects. It focuses on the strategic integration of technical data (Reservoir, Drilling, Facilities) with economic modeling to evaluate "Project Viability" under various price and production scenarios.

The scope of this training encompasses the technical application of "Probabilistic Volumetric Assessment," "Decision Tree Analysis" for appraisal strategies, and "Portfolio Risk Diversification." Participants will learn how to utilize "Monte Carlo Simulations" for petroleum economics, manage "Political and Fiscal Risk" in international environments, and evaluate "Decommissioning Liabilities." The course provides practical tools for navigating the "Stage-Gate" process from exploration to final asset abandonment.

Coverage includes the analysis of "Production Sharing Agreements" (PSA) vs. "Tax/Royalty" regimes, the implementation of "Value of Information" (VoI) for seismic and appraisal wells, and the execution of "Sensitivity Analysis" on Brent/WTI prices. Attendees will explore "Project Finance" structures and learn how to present "Exploration and Production" (E and P) investment cases to executive boards. By mastering risk management and decision-making in the petroleum sector, professionals will be able to optimize capital allocation, protect against downside risks, and maximize the "Expected Monetary Value" of their energy portfolios.

COURSE OBJECTIVES:

After completion of this course, the participants will be able to:

• Apply "Risk Management" frameworks specifically to Petroleum projects.
• Execute "Probabilistic Estimates" of reserves (P10, P50, P90).
• Utilize "Decision Trees" for exploration and appraisal strategies.
• Conduct "Petroleum Economic Modeling" and DCF analysis.
• Calculate "Expected Monetary Value" (EMV) for drilling decisions.
• Evaluate "Fiscal Regimes" (PSA, Royalty/Tax, Service Contracts).
• Perform "Value of Information" (VoI) analysis for seismic data.
• Execute "Sensitivity Analysis" on oil price and production rates.
• Manage "Geopolitical and Environmental" risks in energy projects.
• Integrate "ESG" (Environmental, Social, Governance) into investment decisions.
• Present a "Petroleum Investment Proposal" to the Board.

TARGET AUDIENCE:

This course is intended for Petroleum Economists, Asset Managers, E&P Project Managers, Commercial Analysts, and Financial Advisors in the Energy sector.

TRAINING COURSE METHODOLOGY:

A highly interactive combination of lectures, discussion sessions, and case studies will be employed to maximize the transfer of information, knowledge, and experience. The course will be intensive, practical, and highly interactive. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. The attendants will also be encouraged to raise more of their questions and to share in developing the right answers using their analysis and experience. There will also be some indoor experiential activities to enhance the learning experience. Course material will be provided in PowerPoint, with necessary animations, learning videos, and general discussions.

The course participants shall be evaluated before, during, and at the end of the course.

COURSE CERTIFICATE:

National Consultant Centre for Training LLC (NCC) will issue an Attendance Certificate to all participants completing a minimum of 80% of the total attendance time requirement.