Global Learning for Operational Leaders
Course OG-005
Petroleum Project Economics and Risk Analysis
Petroleum projects require massive capital investment, long development cycles, and are highly exposed to market volatil... The outline covers Fundamentals of Petroleum Economics, Investment Appraisal Techniques, Cost Es...
Classroom
10 sessions
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Online / Live
10 sessions
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Introduction
Course overview
Why Attend
Petroleum projects require massive capital investment, long development cycles, and are highly exposed to market volatility, technical uncertainty, and geopolitical risks. Effective economic evaluation and risk analysis are essential for making sound investment decisions in the oil and gas industry. This course equips participants with the tools to evaluate project feasibility, assess financial returns, and manage risk across the project lifecycle. It is designed to help professionals improve investment decision-making, optimize capital allocation, and enhance project profitability.
Course Methodology
This course combines petroleum economics theory with practical, industry-based case studies. Participants will work through real project valuation scenarios, risk modeling exercises, and investment decision simulations. Workshops will focus on cash flow modeling, sensitivity analysis, and risk assessment techniques. Interactive discussions and group exercises will reinforce understanding of upstream project economics and uncertainty management.
Course Objectives
By the end of this course, participants will be able to:
- Understand fundamentals of petroleum project economics
- Evaluate upstream oil and gas project feasibility
- Apply investment appraisal techniques such as NPV, IRR, and payback period
- Analyze cost structures and cash flow models in petroleum projects
- Identify and assess technical, financial, and market risks
- Perform sensitivity and scenario analysis
- Optimize investment decisions under uncertainty
- Support strategic capital allocation decisions
Target Audience
- Petroleum Engineers and Project Engineers
- Finance and Investment Analysts in Oil & Gas
- Project Managers and Cost Engineers
- Reservoir and Production Engineers
- Business Development and Strategy Professionals
- Consultants and Energy Sector Professionals
Target Competencies
- Petroleum economic evaluation and modeling
- Investment appraisal and capital budgeting
- Risk identification and mitigation
- Cash flow and financial forecasting
- Sensitivity and scenario analysis
- Decision-making under uncertainty
- Strategic investment planning
What you will achieve
Learning objectives
- Understand fundamentals of petroleum project economics
- Evaluate upstream oil and gas project feasibility
- Apply investment appraisal techniques such as NPV, IRR, and payback period
- Analyze cost structures and cash flow models in petroleum projects
- Identify and assess technical, financial, and market risks
- Perform sensitivity and scenario analysis
- Optimize investment decisions under uncertainty
- Support strategic capital allocation decisions
Who should attend
Target audience
- Petroleum Engineers and Project Engineers
- Finance and Investment Analysts in Oil & Gas
- Project Managers and Cost Engineers
- Reservoir and Production Engineers
- Business Development and Strategy Professionals
- Consultants and Energy Sector Professionals
- Target Competencies
- Petroleum economic evaluation and modeling
Methodology
Learning approach
- This course combines petroleum economics theory with practical, industry-based case studies. Participants will work through real project valuation scenarios, risk modeling exercises, and investment decision simulations. Workshops will focus on cash flow modeling, sensitivity analysis, and risk assessment techniques. Interactive discussions and group exercises will reinforce understanding of upstream project economics and uncertainty management.
Course content
Five focused days of learning and application
Day 1
Fundamentals of Petroleum Economics
- Overview of petroleum project lifecycle
- Structure of upstream oil and gas economics
- Cost classification (CAPEX and OPEX)
- Revenue streams in petroleum projects
- Time value of money in energy investments
Day 2
Investment Appraisal Techniques
- Net Present Value (NPV) analysis
- Internal Rate of Return (IRR)
- Payback period and profitability index
- Cash flow modeling fundamentals
- Decision criteria for project selection
Day 3
Cost Estimation and Financial Modeling
- Capital cost estimation methods
- Operating cost analysis
- Building petroleum project cash flow models
- Production profiles and decline curves
- Economic life of oil and gas assets
Day 4
Risk and Uncertainty Analysis
- Types of risks in petroleum projects
- Technical, operational, and market risks
- Sensitivity analysis techniques
- Scenario planning and decision trees
- Monte Carlo simulation overview
Day 5
Strategic Decision-Making and Case Studies
- Portfolio management in petroleum investments
- Risk-adjusted decision-making
- Break-even analysis and price volatility impact
- Case studies of real oil and gas projects
- Final project: full economic and risk evaluation exercise
FAQ
Frequently asked questions
What does Petroleum Project Economics and Risk Analysis (OG-005) cover?
This course covers Oil and Gas through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 18 - 22 May 2026, with additional classroom dates and mirrored Online / Live options listed in the course schedules section.
Who should attend this course?
Petroleum Engineers and Project Engineers, Finance and Investment Analysts in Oil & Gas, Project Managers and Cost Engineers
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Yes. The course detail page includes both classroom sessions and Online / Live sessions, with online options aligned to the same course dates for easier planning.
Where are classroom sessions delivered?
Current classroom venues include Amsterdam, Paris, Barcelona, London, Munich, Istanbul.
Still Have Questions?
Contact the academy team for course details, delivery options, and delegate guidance.
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