The 10-Day Advanced Project Economics & Performance Management for Oil & Gas Professionals

Transcription

1 An Intensive 2-Week Training Course The 10-Day Advanced Project Economics & Performance Management for Oil & Gas Professionals Managing Uncertainty and Value-driven Metrics to Improve Project Performance 22 Jul - 02 Aug 2019, London 07-AUG-18 This course is Designed, Developed, and will be Delivered under ISO Quality Standards

2 The 10-Day Advanced Project Economics & Performance Management for Oil & Gas Professionals Managing Uncertainty and Value-driven Metrics to Improve Project Performance WHY CHOOSE THIS TRAINING COURSE? This PetroKnowledge training course addresses the need for professionals in the Oil & Gas industry to manage and control projects. An in-depth treatment of project uncertainty enables delegates to tackle the economic challenges facing the petroleum industry and use effective risk planning and management techniques to support effective decision-making. This ability to control projects is further enhanced through the establishment of effective project governance systems to establish key performance indicators and measure project progress. Key highlights of this training course are: Identification of the stages required in the risk analysis process, i.e., preparing, modeling, and running risk analysis. Development of the risk model, assessing probabilities to various variables, risk analysis, and explore the impact of uncertain variables. Enable the participants to perform quantitative risk management techniques and conduct data-driven decision-making using probabilistic profitability indicators. Exploration of the concept of value and value-driven project management Definition of key performance indicators, metrics and reporting dashboards Examination of effective governance mechanisms to support planning, execution (change) and performance management Application of core planning techniques THE STRUCTURE This comprehensive training course consists of two modules which can be bked as a 2-week Training event, or as individual, 5 Day courses. Module 1 - Advanced Oil & Gas Project Economics, Risk & Decision Analysis Module 2 - Project Performance Measurement and Management WHAT ARE THE GOALS? By the end of this training course, participants will be able to: Appreciate attitudes to uncertainty and apply decision tree analysis and other risk management techniques Gain skills in the application of specific risk management simulation software package Conduct an economic study on petroleum related projects Use economic terms and concepts applied in the oil & gas industry to select appropriate projects Create Key Performance Indicators & establish additional metrics to measure the increasingly complex nature of modern projects Compose effective dashboards and scorecards to report project performance Apply generally accepted project management techniques to establish and control an integrated project plan baseline WHO IS THIS TRAINING COURSE FOR? This PetroKnowledge training course is suitable to a wide range of professionals but will greatly benefit: Planning managers Oil & gas engineers Project managers Analysts Commercial managers Economists Government officials Geologists Business advisors Asset managers E&P managers Other key members of oil & gas project teams HOW WILL THIS TRAINING COURSE BE PRESENTED? The training course uses a range of approaches to learning, including experiential group activities, individual exercises, mini-case studies, and computer work using PCs to apply risk management approaches. A key part of the learning process is sharing the differing experiences participants bring, as well as experimenting with novel and sometimes challenging techniques.

3 DAILY AGENDA MODULE 1 - ADVANCED OIL & GAS PROJECT ECONOMICS, RISK & DECISION ANALYSIS Day One: Development Economics A Brief History of Energy Usage Principles of Development Economics Understanding of Economic terms Inflation and its impact on Nominal & Real Cash Flows Project Financing Day Two: Uncertainty in Investments Handling uncertainty in Capital Projects Understanding Probability Concepts The expected Value Concept: Features and pitfalls Expected monetary value (EMV) Expected profitability index (EPI) Expected opportunity loss (EOL) Day Three: Risks and Uncertainties Risk & Uncertainty Risk eversion and risk premium Exploration project threats and opportunities Economic decision criteria Decision Tree Analysis Probability Distribution Case study: Monte Carlo Simulation Day Four: Setting up Spreadsheet Calculations Using Excel Spreadsheet Calculations Cash Flow Analysis Sensitivity analysis calculations Tornado Diagrams Introduction to Monte Carlo Simulations Class exercises: Setting up an oil field Project Day Five: Practical use of add-on: Oil Field Development Model Developing an Integrated Economic Model of an Oil Field Development Developing and using model analysis Project sensitivity analysis utilizing data model Course final review and close The 10-Day Advanced Project Economics & Performance Management for Oil & Gas Professionals

4 Membership No.: MODULE 2- PROJECT PERFORMANCE MEASUREMENT AND MANAGEMENT Day Six: Understanding Project Success and Failure Characteristics of projects Fundamentals of project management Starting a project - the charter Starting a project - the team Day Seven: Value-Driven Project Management Value modelling and value metrics Metric characteristics, selection, training and management Project Scope planning - work breakdown structures Schedule planning -build and optimize project timeline Cost planning - estimation and construction of the project budget Day Nine: Monitoring and Controlling Project Performance Variance analysis using Earned value management Forecasting to control project budgetary and schedule concerns Managing change Advanced status reporting techniques Day Ten: Stakeholder Management Issues management Scope verification - requirements traceability Management of project records Problem-solving: identification, analysis and generation of solutions. Decision-making tls and techniques Day Eight: Monitoring Performance through Effective Planning and Reporting Techniques QUALITY CERTIFICATION Controlling uncertainty - risk management Controlling stakeholders - communications considerations Key Performance Indicators Status reports and project dashboards Member of Clear Concepts. Clean Environment. The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc. The 10-Day Advanced Project Economics & Performance Management for Oil & Gas Professional

5 The 10-Day Advanced Project Economics & Performance Management for Oil & Gas Professionals Managing Uncertainty and Value-driven Metrics to Improve Project Performance 4 DATE VENUE FEE($) 22 Jul - 02 Aug 2019 London - UK 11,900 This fee is inclusive of Documentation, Lunch and Refreshments Please use BLOCK CAPITALS to fill in this form. It is important that you read carefully through all information before starting to complete the form. REGISTRATION DETAILS Family Name: First Name (Mr./Ms.): Position: Company: Mailing Address: Telephone: Mobile: Fax: AUTHORISATION Authorisation By: Position: Company: Mailing Address: Telephone: Mobile: Fax: IN-HOUSE TRAINING Maximize your training budget and have several members of your staff, who require specific training, to attend with the advantage of not incurring additional travel costs when attending a public training courses & seminars. Would you like a PetroKnowledge training course delivered at a time or location to suit you? Would you like PetroKnowledge to tailor a course from our comprehensive library of programmes? Or would you like us to create an entirely new, bespoke course to suit the exact needs of your organisation? Working in partnership with our clients, PetroKnowledge provides an enjoyable, creative learning experience that enables participants to develop their skills and knowledge. We can deliver not only generic, off-the-shelf courses from our extensive learning portfolio, but we can provide tailored as well as bespoke learning on any aspect of skill development or knowledge. Our in-house courses are conducted by the same expert trainers who conduct PetroKnowledge public courses so you can be assured they will fulfill the learning objective of any organisation

6 BOOKING TERMS & CONDITIONS Bking Bkings for courses can be made via our website (petroknowledge. com) or by contacting our Registration Desk on or at reg@petroknowledge.com For on-line bkings, please select the course that you require and click on the Register Now button, following the instructions step by step Upon receipt of bking in order, enrollment on the respective training course will be confirmed by Registration Team with all necessary documentation Invoicing and Payment Our fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation charges are not included in the course fees Course fees are payable upon bking unless a valid, authorized Purchase Order is provided and accepted Invoices will be sent via /courier to the ID/name and address provided We prefer to have the fees payment in our account before the start of training course. However, if your company has a different payment policy, the same should inform us in advance The currency of fees is in US Dollars (USD). Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the Invoice Please note that we do accept payment by cash, in USD or AED, only for the last minute bkings Cancellation of Courses It may be necessary for PetroKnowledge to amend or cancel any course, course times, instructors, dates or published fees due to unforeseen circumstances and we reserve the right for such changes Any amendments will be advised before the course start date and any bkings already paid in full will not be subject to increased fees Cancellation by Client Once you have completed your bking, received your confirmation of enrollment and a dated payment Invoice, you are deemed to have a contract with PetroKnowledge. You reserve the right to cancel this contract given the below terms All cancellations must be received in writing at reg@petroknowledge. com and info@petroknowledge.com at least 14 days prior to the training After the cancellation period has expired, consideration may be given, on a case to case basis, if a registered delegate nominates a substitute on the same course, shifts to next session of the course or moves to a new course For a cancellation request made on or before the statutory 14 day cancellation period, a refund may be given or a credit note issued which can be used against future course fees A 25% administration fee (of the total course fee at the time of bking) will be charged for any cancellations made outside of the statutory cancellation period Attendance Certificate OFFICES: Middle East: P.O. Box: , Abu Dhabi, U.A.E. Tel: Europe: AB25 1HF, 1Berry Street Aberdeen, Scotland, UK Tel: USA: Pennzoil Place 700 Milam, Suite North Tower Houston, Texas 77002, USA Tel: E: info@petroknowledge.com The daily course schedule should be accurately followed to ensure undeterred implementation of our training All delegates, who participated in their course throughout, will receive the Certificate of Completion on the last day Please report any foreseeable absences to a PetroKnowledge representative or to your sponsors directly An absence of three (3) or more sessions of the course will invalidate your eligibility for the Certificate of Completion Follow us on: