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Course Outline

  The design of the course follows a project life cycle from the identification stage through to the operation of the project. The focus of the course is both value identification and value realisation.
  Project life cycle Download Course Brochure
  • Examining the various stages

Risk analysis

  • Approach to risk management
  • Identification of risks
  • Estimation of contingencies

Case study: Develop a risk register


Review of economic evaluation

  • NPV concepts
  • IRR
  • Discount rates
  • Sensitivity and risk analysis
  • Decision trees
  • Monte Carlo
  • Inflation
  • Incremental cash flows

Case study: Undertake a business case


The global oil market

  • Demand and supply review and dynamics
  • Pricing crude, natural gas, OPEC and transportation

Project framing

  • Production sharing arrangements
  • Joint ventures
  • Concessions, licenses
  • Risks and opportunities

Case study: Analysis of a joint venture


Contracts and procurement

  • Contracts and procurement as a risk management technique
  • Supply strategy and tactics
  • Procurement
  • Contractor evaluation

Case study: Contracting and managing risks


Risk management

  • Spot and futures markets
  • Managing commodity price risk
  • Embedded derivatives

Case study: Hedging currencies and commodity prices


Review of cash flow analysis

  • Revenue
  • Capital and operating costs
  • Finding and lifting costs

Annual report mastery

  • Understanding financial statements
  • Financial ratios
  • What is and is not included
  • Reading between the lines

Case study: Review of financial statements


Financing and contracts

  • Sources of finance/funding
  • Private versus public
  • Listing and IPO
  • Capital raising

Case study: Review of financial statements


Introduction to capital markets and finance

  • Stock market analysis of oil and gas stocks
  • Fund manager approaches
  • Getting from IRR to earnings

Case study: Review of an analyst’s report

  Emerging economies
  • Sovereign risk
  • Credit risk
  • Project financing
  • Fiscal systems
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