Upstream Economics and Management

This Upstream Economic and Management training course will be delivered using various proven learning and teaching techniques. The Training methodology includes the use of case studies, group work and interactive exercises and videos relevant to the training. The training is designed to ensure delegates leave with transferable skills as well as up-to-date knowledge of Upstream Economic and Management.

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

• Understand various economic terms used in the Oil & Gas industry
• Develop economic models of various petroleum fiscal regimes
• Evaluating and quantifying risks and uncertainties
• Carrying out a comprehensive economic evaluation for petroleum related project including risk and sensitivity analysis.
• Contribute to the decision-making process for any petroleum related project
• Understanding of the accounting and auditing standards, policies and practices used by Upstream Petroleum companies
• Improve relevance and reliability of financial reports to better meet the needs of users
• Review, evaluate, and use publicly available information for benchmarking the business performance

This Gulf Rowad Upstream Economics Managementtraining course is suitable to a wide range of professionals but will greatly benefit:

• Oil & Gas Field Engineers
• Oil & Gas Managers
• Oil & Gas Auditors
• Oil & Gas Planners
• Financial Analysts
• Project Management Professionals
• Corporate Accountants, Financial Controllers, Treasury Officers, Management Accountants
• Finance Staff in General Accounting, Payables, Receivables, Inventory, Fixed Assets, etc.
• Joint Venture Accountants and Auditors
• Government Regulators and Auditors

Organisational Impact

By sending delegates on this Upstream Economics Management training course, your organization will benefit by:

• Participants will learn about the application/implementation of economic valuation and risk assessment processes in the global Oil & Gas industry
• Identify and analyse the risk involved in a petroleum related project
• Recognize the uses of options in the ranking criteria to select and execute the high profitable projects
• Insights of the influencing parameters for oil and gas field developments
• Providing effective finance support for front-line departments
• Relevance and reliability of management and financial information
• Effective use of financial statements of the company

Personal Impact

By attending this Upstream Economics Management training course, you will:

• Learn to construct a project cashflow model
• Gain the operational decision-making techniques under risks and uncertainties
• Identifying the uncertainties in petroleum related project and how to manage them effectively
• Awareness and ins-sight about influential parameters in an oil and gas field development plan
• Greater insight or awareness of industry practices, problems, and solutions
• Increased self-confidence and motivation at work
• Greater job satisfaction in providing quality and excellent support to management