Advanced Petroleum Management Certificate - Virtual Learning
Course Methodology
The sessions include lectures, discussions, and guided real-world practice. The aim is to develop problem-solvers and effective decision makers rather than merely conveying information.
Course Objectives
Companies run businesses and to succeed in business they need to create value through management decisions. The energy industry has unique characteristics. It is highly capital intensive, has uncertain project outcomes, and is technically complex. This has led to specialized techniques that support good business decisions.
At the end of this training course, you will learn to:
- Understand the evolving energy business and its managerial challenges.
- Appreciate the uncertain nature of investing and the dynamics of the value drivers.
- Gain insights from models of uncertainty to support projects decisions.
- Apply the understanding in technical and managerial decision making.
- Use business analytic tools to support prudent decision making.
Target Audience
In this training course, we discuss the art and science of managerial decision making. Our discussions, while general in context, apply directly to the challenges of the oil and gas industry. Such an understanding is vital for management decision making.
The material in this training course will be useful to managers and decision makers in the energy business. The training course is also relevant to analysts, engineers, and consultants that support the process of decision making.
This training course is suitable to a wide range of professionals including:
- Managers and decision makers involved in value creation for the energy business.
- Commercial staff who would like to gain the skills to support major decisions.
- Decision makers involved in oil and gas financing and investment.
- Analysts involved in the analysis that creates insights for project decisions.
- Researchers and practitioners who aim to broaden their knowledge of the business.
Target Competencies
Organisational Impact
The key challenge in the energy industry is in good managerial decision making. This training course trains individuals that
- Increase organization’s capabilities in analyzing and managing energy ventures.
- Possess knowledge and skills to develop high quality decision processes.
- Are effective in enhancing the petroleum value chain.
- Have an overview of the energy business and the appeal of the projects.
- Support the prudent decision-making process.
- Open doors to further opportunities in the energy landscape.
Personal Impact
With enhanced skills in effective managerial decision making, the individual would be an effective problem solver. These skills further lead to enhancing the value of the person in an organization. The set of skills and knowledge that this training course offers prepares individuals for a more effective role within the process of management decision making and investment in the energy business. This training course
- Increases personal capabilities in analyzing and evaluating energy ventures.
- Enhances the knowledge and skills in assessing the value creation potentials of opportunities.
- Make the individual effective in enhancing the petroleum value chain and the work process.
- Trains individuals that can address challenges and opportunities.
- Leads to identification of potential value creating opportunities and increases the value of the individual to the firm.
- Trains individuals to be effective managerial decision makers.
Course Outline
Principles of management decision analysis
We start by introducing the participants to the fundamentals of the oil and natural gas industry. We further discuss the fundamentals of value-enhancing decisions.
- A brief history of the petroleum industry
- Understanding decisions
- The discipline of decision analysis
- Lessons learned from the oil and gas industry.
- Energy projects and their cost-benefit characteristics
- Why should we worry about management decision making?
Behavioral versus model-based decision-making
Human judgement is an integral part of management decision making. However, judgments are not always perfect.
- Behavioral biases and descriptive decisions
- Normative decision models
- Heuristics and biases in management decision making.
- Business economics of energy projects
- Cost versus benefit analysis: a key feature of acceptance or rejection.
- The value chain for energy projects and good decision insights
Managing Uncertainty in Petroleum Ventures
Project values are sensitive to a variety of uncertain factors. We discuss the common uncertain features of the energy projects and then discuss measures of controlling and mitigating the risks.
- Oil and gas reserves, probabilistic reserves
- The formation of the energy commodity markets and their implications for business.
- Price trends and insights for business decisions.
- Modeling uncertainty: Tools and techniques for risk management
- Uncertainty quantification techniques.
- All models are wrong: uncertainty models for effective management decisions.
- Tutorial (Part 1): building a valuation model
Economic Decision Analysis
We discuss tools that support management decision making. We further use the power of computers (MS Excel® and its add-ins) to support decisions.
- Uncertainty, risk, and the upside opportunity
- The valuation principle in financial economics
- Value of information and value of flexibility
- Measures of value and the real options of the industry
- Sensitivity analysis in project appraisals
- Business analytics in the oil and gas industry
- Tutorial (Part 2): An investment decision in field development project
Analytical tools and future trends
In the final day of the training course, we discuss the emerging trends and introduce analytical tools to implement the concepts.
- Analysis of cash flows in petroleum projects
- The markets and the geo-politics of energy
- Practical aspects of petroleum business decisions (uses of analytics)
- Case study: Setting-up an investment decision support model in MS Excel
- Environmental considerations and the role of emission markets
- Concluding remarks: Does “success on business depend on courageous decisions”?
2026 Schedule & Fees
| Date | City | Language | Price | Action |
|---|---|---|---|---|
| 28 Jun - 02 Jul, 2026 | Online | English | USD 2,000 | Book |
| 28 Jun - 02 Jul, 2026 | Online | Arabic | USD 2,000 | Book |
| 05 Jul - 09 Jul, 2026 | Online | English | USD 2,000 | Book |
| 05 Jul - 09 Jul, 2026 | Online | Arabic | USD 2,000 | Book |
| 12 Jul - 16 Jul, 2026 | Online | Arabic | USD 2,000 | Book |
| 12 Jul - 16 Jul, 2026 | Online | English | USD 2,000 | Book |
| 19 Jul - 23 Jul, 2026 | Online | Arabic | USD 2,000 | Book |
| 19 Jul - 23 Jul, 2026 | Online | English | USD 2,000 | Book |
| 26 Jul - 30 Jul, 2026 | Online | English | USD 2,000 | Book |
| 26 Jul - 30 Jul, 2026 | Online | Arabic | USD 2,000 | Book |
| 02 Aug - 06 Aug, 2026 | Online | English | USD 2,000 | Book |
| 02 Aug - 06 Aug, 2026 | Online | Arabic | USD 2,000 | Book |
| 09 Aug - 13 Aug, 2026 | Online | Arabic | USD 2,000 | Book |
| 09 Aug - 13 Aug, 2026 | Online | English | USD 2,000 | Book |
| 16 Aug - 20 Aug, 2026 | Online | Arabic | USD 2,000 | Book |
| 16 Aug - 20 Aug, 2026 | Online | English | USD 2,000 | Book |
| 23 Aug - 27 Aug, 2026 | Online | Arabic | USD 2,000 | Book |
| 23 Aug - 27 Aug, 2026 | Online | English | USD 2,000 | Book |
| 30 Aug - 03 Sep, 2026 | Online | Arabic | USD 2,000 | Book |
| 30 Aug - 03 Sep, 2026 | Online | English | USD 2,000 | Book |
| 06 Sep - 10 Sep, 2026 | Online | Arabic | USD 2,000 | Book |
| 06 Sep - 10 Sep, 2026 | Online | English | USD 2,000 | Book |
| 13 Sep - 17 Sep, 2026 | Online | Arabic | USD 2,000 | Book |
| 13 Sep - 17 Sep, 2026 | Online | English | USD 2,000 | Book |
| 20 Sep - 24 Sep, 2026 | Online | English | USD 2,000 | Book |
| 20 Sep - 24 Sep, 2026 | Online | Arabic | USD 2,000 | Book |
| 27 Sep - 01 Oct, 2026 | Online | English | USD 2,000 | Book |
| 27 Sep - 01 Oct, 2026 | Online | Arabic | USD 2,000 | Book |
| 04 Oct - 08 Oct, 2026 | Online | English | USD 2,000 | Book |
| 04 Oct - 08 Oct, 2026 | Online | Arabic | USD 2,000 | Book |
| 11 Oct - 15 Oct, 2026 | Online | English | USD 2,000 | Book |
| 11 Oct - 15 Oct, 2026 | Online | Arabic | USD 2,000 | Book |
| 18 Oct - 22 Oct, 2026 | Online | Arabic | USD 2,000 | Book |
| 18 Oct - 22 Oct, 2026 | Online | English | USD 2,000 | Book |
| 25 Oct - 29 Oct, 2026 | Online | Arabic | USD 2,000 | Book |
| 25 Oct - 29 Oct, 2026 | Online | English | USD 2,000 | Book |
| 01 Nov - 05 Nov, 2026 | Online | Arabic | USD 2,000 | Book |
| 01 Nov - 05 Nov, 2026 | Online | English | USD 2,000 | Book |
| 08 Nov - 12 Nov, 2026 | Online | Arabic | USD 2,000 | Book |
| 08 Nov - 12 Nov, 2026 | Online | English | USD 2,000 | Book |
| 15 Nov - 19 Nov, 2026 | Online | Arabic | USD 2,000 | Book |
| 15 Nov - 19 Nov, 2026 | Online | English | USD 2,000 | Book |
| 22 Nov - 26 Nov, 2026 | Online | Arabic | USD 2,000 | Book |
| 22 Nov - 26 Nov, 2026 | Online | English | USD 2,000 | Book |
| 29 Nov - 03 Dec, 2026 | Online | English | USD 2,000 | Book |
| 29 Nov - 03 Dec, 2026 | Online | Arabic | USD 2,000 | Book |
| 06 Dec - 10 Dec, 2026 | Online | English | USD 2,000 | Book |
| 06 Dec - 10 Dec, 2026 | Online | Arabic | USD 2,000 | Book |
| 13 Dec - 17 Dec, 2026 | Online | Arabic | USD 2,000 | Book |
| 13 Dec - 17 Dec, 2026 | Online | English | USD 2,000 | Book |
| 20 Dec - 24 Dec, 2026 | Online | Arabic | USD 2,000 | Book |
| 20 Dec - 24 Dec, 2026 | Online | English | USD 2,000 | Book |
| 27 Dec - 31 Dec, 2026 | Online | English | USD 2,000 | Book |
| 27 Dec - 31 Dec, 2026 | Online | Arabic | USD 2,000 | Book |
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