Economics, Project Management & Accounts Courses

  1. Petroleum Project Management: Principles and Practices
  2. Basic Finance and Accounting for Petroleum Managers
  3. Basic Petroleum Economics & Project Risk Analysis
  4. Strategic Planning: A tool-Based Approach
  5. Advanced Decision Analysis with Portfolio and Project
  6. Cost Management for Petroleum Managers
  7. Fundamentals of Petroleum Project Economics
  8. Economics of Worldwide Petroleum Production
  9. Budgeting, Forscasting, Cost Management & Control for Energy Industry
  10. Fundamentals of Taxation in Oil & Gas Industry
  11. Petroleum Finance and Accounting Principles
  12. From Initial Agreements to Exploration & Final Investment Decisions
  13. Expanded Basic Petroleum Economics
  14. Auditing JV Operations
  15. Petroleum Prospect Appraisal & Economics
  16. Managing Petroleum Resource Volume
  17. Joint Venture Accounting & Auditing Operations in Oil and Gas
  18. Applied Petroleum Economics and Decision Analysis with portfolio
  19. Petroleum Project Management Certification program
  20. Petroleum Project Management Principles & Practical Petroleum Economics
  21. Fundamentals of Petroleum Project Economics & Petroleum Finance and Accounting Principles
  22. Cost Management for Petroleum Managers & Economics Worldwide Petroleum Production
  23. Petroleum Project Management Principles & Advanced Decision Analysis with Portfolio & Project
  24. Practical Petroleum Economics & Petroleum Finance and Accounting Principles
  25. Petroleum Finance and Accounting Principles & Cost Management for Petroleum Managers
  26. Petroleum Finance and Accounting Principles & Auditing JV Operations
  27. Joint Venture Accounting & Auditing Operations in Oil and Gas
  28. Auditing JV Operations & Fundamentals of Taxation in Oil & Gas Industry
  29. Developing, Improving & Monitoring Internal Audit Function in Petroleum Industry
  30. Corporate Revenue Assurance & Fraud Management in Oil & Gas Industry
  31. Group B: Procurements, Contracts & Agreements
  32. Procurement & Contract Management Program
  33. Fundamentals of International Oil and Gas Laws
  34. Fundamentals of Petroleum Contracts and Agreements
  35. International Petroleum Contract Negotiation Strategies
  36. Petroleum Contracts, Negotiations and Agreements
  37. Strategic Planning and Contract Negotiations
  38. Fundamentals of Procurements
  39. Procurement & Contract Management
  40. Fundamentals of Contract Management & Administration
  41. Procurement Strategic Planning, Policy Procedure and Practices
  42. Procurement and Contract Management and Administration
  43. Competitive Solicitations, Sourcing & Contract Management

  1. Petroleum Project Management, Evaluation, Monitoring Principles & Practices

Who Should Attend: This training course is designed for all personnel, managers, supervisors, team leaders, technical, engineers, technologists, technicians, tradesmen, and maintenance personnel, involved in exploration, production and management and those interested in applying project management techniques to their operations.

Learning Expectations: The Petroleum Project Management, Evaluation, Monitoring Principles & Practices training course program is aimed at helping participants to learn how to make the best business decisions that lead to lowest project cost while still meeting all production or exploration goals in the petroleum, oil, and gas industry. The Petroleum Project Management covers the principles and application of project management to the upstream oil and gas business. In this training course program, attendees will learn about financial models for typical projects, calculate the standard measures of project performance, incorporate all project risks into the analysis using such processes as scenario analysis, portfolio analysis, decision trees, tornado diagrams. Participants of this training course program learn “what” to do, “how” to do it, and “why” they need to do it in the petroleum, oil, and gas industry. A variety of topics are covered in this training course program that include introduction to project management, the project scope of work and authorization, project risk analysis, project cost management, engineering control, project schedules, project activities & sequencing, project economics & investment analysis, project contracting process, and management, project quality control, project change management, completion, project information technology of the petroleum, oil, and gas industry.

Duration: One Week

  1. Basic Finance and Accounting For Petroleum Managers

Who Should Attend: This training course is designed for exploration, production and management personnel interested in applying project management techniques to their operations.

Learning Expectations: The Basic Finance and Accounting for Petroleum Managers training course program provides a practical understanding of finance and accounting applied to the international petroleum, oil, and gas industry. The training course program covers the development of financial statements and the application of Generally Accepted Accounting Principles; measures of corporate performance derived from financial statements; the audit process; review of annual report to shareholders; the two options for upstream petroleum, oil, and gas industry accounting; comparison of performance of oil companies; electronic access to company reports; joint venture accounting under JOA agreements; and dispute resolution options. The training course program combines formal presentations along with team business workshops by training course program participants.

Duration: One Week

  1. Practical Petroleum Economics and Project Risk Analysis

Who Should Attend: This training course is ideal for project managers, operating managers, field personnel, chief financial officers, executive officers, technology managers, budget Managers, engineers, explorationists, field accounting supervisors and other personnel who need to develop or improve their skill and understanding of basic economic analysis and financial performance of petroleum exploration and production.

Learning Expectations: The Petroleum Economics and Project Risk Analysis training course program participants will learn how to analyze, in a practical manner, the financial performance of oil and gas investments from both projects and cooperate perspectives in the petroleum, oil, and gas industry. Participants of the training course program learn to build financial models for typical oil and gas projects, calculate the standard measures of project performance and incorporate all project risks into the analysis using such processes as scenario analysis, portfolio analysis, decision trees, tornado diagrams, and Monte Carlo simulation. This training course program combines formal lectures along with workshop assignments into teams, where each team analyzes a major upstream project and presents its pre-development recommendations and post-development recommendations and post-development results to the company executive board in the petroleum, oil, and gas industry.

Duration: One Week

  1. Strategic Thinking: A Tool-Based Approach

Who Should Attend: This training course is designed for geoscientists, Engineers, Managers, and Executives responsible for defining, assessing and developing business alternatives.

Learning Expectations: The Strategic Thinking: A Tool-Based Approach training course program is a hands-on, case-based course focused on managers responsible for building and sustaining a successful strategic plan in the petroleum, oil, and gas industry. Participants of this training course program are exposed to a variety of perspectives on, approaches to, and tools for the conduct of strategic management used in the petroleum, oil, and gas industry.

Duration: One Week

  1. Advanced Decision Analysis with
    Portfolio and Project Modeling

Who Should Attend: This training course is designed for evaluation engineers, analysts, managers, planners, economists, professionals involved with constructing project evaluation and other forecasting and assessment models.

Learning Expectations: In the Advanced Decisions Analysis with Portfolio and Project Modeling training course program. participants are taught methods and practice of building good evaluation models in the petroleum, oil, and gas industry. The training course program is computer based and the MS Excel spreadsheet forms the platform for project and risk assessment models. The emphasis in this training course program is on the evaluation concepts and techniques, rather than particular software programs Add-in software provides Monte Carlo and decision tree capabilities in the petroleum, oil, and gas industry.

Duration: One Week

  1. Cost Management for Petroleum Managers

Who Should Attend: This training course is designed for operating managers, field personnel, project managers, Chief Financial Officers, Board of Directors, Chief Executive Officers, technology managers, budget managers. Participants must have a good working knowledge of accounting and finance.

Learning Expectations: The Cost Management for Petroleum Managers training course programs provides an introduction to Practical Cost Management techniques and the underlying dynamics of cost, thereby facilitating better decision making concerning products and services, work flows, capital investments, as well as the day-to-day monitoring of the business in the petroleum, oil, and gas industry. The training course program will cover costs management from the basics to the most recent events and trends, using timely case studies and role playing techniques in the petroleum, oil, and gas industry.

Duration: One Week

  1. Fundamentals of Petroleum Project Economics

Who Should Attend: This training course is ideal for project managers, engineers, explorationists, field accounting supervisors and other personnel who need to develop or improve their skill and understanding of basic economic analysis and profitability of petroleum exploration and production.

Learning Expectations: The Fundamentals of Petroleum Project Economic training course program participants are taught the fundamentals of how to estimate project costs, the actual worth and profit/loss analysis before the project is embarked on in the petroleum, oil, and gas industry. The training course program also covers contractual arrangements, which can significantly impact the economic viability of a project. Participants of this training course program will learn to practice cash flow techniques for economic evaluations and investigate frequently encountered situations in the petroleum, oil, and gas industry.

Duration: One Week

  1. Economics of Worldwide Petroleum Production

Who Should Attend: This training course is designed for managers, supervisors and operating personnel concerned with costs, profitability, budgets, the company “bottom line” and other aspects of economic analysis of petroleum production on a project, corporate, and worldwide basis.

Learning Expectations: The Economic of Worldwide Petroleum Production training course programs includes fundamentals of evaluating investment criteria and opportunities, techniques for predicting profit, production, operating costs, and cash flow, cost of capital, financial structure, risk and uncertainty, present worth, rate of return, and other economic yardsticks, effects of projects on corporate profits, economic factors inherent in international concessions, contracts, joint ventures, and production sharing agreements in the petroleum, oil, and gas industry. Participants of this training course program will also practice making cash flow analysis of contractual arrangements in the petroleum, oil, and gas industry.

Duration: One Week

  1.  Fundamentals of Taxation In Oil & Gas Industry

Who Should Attend: This training course is ideal for fiscal analysts, accountants, finance directors, attorneys, tax professionals involved in the oil and gas industry and need to understand the tax implications of oil and gas exploration, drilling and production activities.

Learning Expectations: The Fundamentals of Taxation in Oil & Gas Industry training course program allow participants to learn practical solutions to complicated oil and gas tax issues and strategies for dealing more effectively with the various operating entities in the petroleum, oil, and gas industry. Some of the areas covered in the training course program include: property acquisitions, search for oil and gas, geological and geophysical costs, development and depletion of oil and gas properties, deal structuring and conveyances of oil and gas properties, partnerships and joint ventures in the petroleum, oil, and gas industry.

Duration: One Week

  1. Petroleum Finance and Accounting Principles

Who Should Attend: This training course is designed for personnel new to the oil and gas accounting industry, and others desiring to understand or refresh their knowledge of basic finance and accounting concepts.

Learning Expectations: The Petroleum Finance and Accounting Principles training course program will allow participants to learn current international practices in finance and accounting within the petroleum, oil, and gas industry.

Duration: One Week

  1. From Initial Agreements, to Exploration, Discovery,
    Field Design and Final Investment Decision

Who Should Attend: This training course is designed for project managers, field personnel, executive officers, technology managers, budget managers, engineers, explorationists, field accounting supervisors.

Learning Expectations: The Initial Agreements, to Exploration, Discovery, Field Design and Final Investment Decisions training course programs participants learn the disciplined steps that are required to initiate a an oil and gas project and see the project to a successful conclusion starting from initial host country agreements, through the time the oil and gas is discovered and to the final investment decision in the petroleum, oil, gas. This training combines formal lectures along with workshop assignments. The participants of this training course program are divided into teams that follow an orderly process through workshop sessions, making presentations as they seek to pass through the project phases during the development process in the petroleum, oil, and gas industry. The workshop is a realistic business exercise that integrates upstream technology, risk assessment, and project economics by tracking each team’s investment decisions and the financial outcome of those decisions over the development and 25-year production period in the petroleum, oil, and gas industry.

Duration: One Week

  1. Expanded Petroleum Economics

Who Should Attend: This training course package is ideal for managers, engineers, explorationists, field accounting supervisors and other personnel who need to develop or improve their skill and understanding of basic economic analysis and profitability of petroleum exploration and production.

Learning Expectations: The Expanded Petroleum Economics training course program is designed for participants and are taught the fundamentals economic analysis and profitability of petroleum exploration and production in the petroleum, oil, and gas industry. The training course program also covers budgeting, financing, contractual arrangements, cash flow techniques for economic evaluations and investigate frequently encountered situations in the petroleum, oil, and gas.

Duration: One Week

  1. Auditing JV Operations in Petroleum Industry

Who Should Attend: This training course is designed for accountants, engineers, managers, supervisors, planners, administration, operations, economists, cost managers, project managers, , and other personnel in the oil and gas accounting industry, who desire to have a better understanding and interpretation of the Joint Venture operations, accounts and financial statement.

Learning Expectations: Auditing of Joint Ventures Operations in Petroleum Industry training course program is very important because of their popularity, profitability, and also of the business risk they carry in the petroleum, oil, and gas industry. Due to the complexity and dual control of these organizations, joint ventures are among the most problematic of all business alliances in terms of risk and cost in the petroleum, oil, and gas industry. The operating department responsible for the prospective investment must combine its skills with those of various support organizations – such as finance, legal, tax, and human resources – to examine the operations of a proposed joint venture. This training course program is designed to provide an overview and basic understanding of Joint Venture Auditing in the petroleum, oil, and gas industry. Attendees learn effective Audit and follow up to ensure all operation in JV are working to the appropriate standards in terms (including but not limited to compliant with local laws). The training course program will also review audit protocol and procedures, explain the PASC Accounting Procedures from a joint venture audit point of view, analyze actual audit queries and include short workshops on actual joint venture invoices. Attendees of this training course program will also review the rights and responsibilities of the operators and non-operators involved in joint ventures in the petroleum, oil, and gas industry.

Duration: One Week

  1. Petroleum Prospect Appraisal and Economics

Who Should Attend: This training course is designed for managers, team leaders, petroleum engineers, reservoir engineers, geologists, exploration managers, technical, non-technical, support staff and all those who are involved in prospect generation or economic evaluation

Learning Expectations: The Petroleum Prospects Appraisal and Economics training course program will provide the participants with a fundamental understanding of basics of development economics and how to translate petroleum prospect evaluations into probabilities of hydrocarbon volumes and the monetary value in the petroleum, oil, and gas industry. A variety of topics are covered in the training course program that include: introductory reservoir engineering principles and reserve definitions, prospect appraisal and petroleum economics in exploration and production decision process, key parameter in prospect appraisal estimation, uncertainties in estimation, application of Bayesian statistics in prospect appraisal, basic petroleum economics, fiscal systems and petroleum contracts, development project economics and sensitivities to internal and external factors, decision analysis, scenario development in the petroleum, oil, and gas industry.

Duration: One Week

  1.  Managing Petroleum Resource Volume

Who Should Attend: The petroleum resource volume management training course is designed for managers, technical, non-technical, petroleum-engineering professionals, government representatives and all those who are involved in managing petroleum resources for their organizations, government or countries.

Learning Expectations: This Resource Volume training course provides participants with fundamental knowledge and techniques for effective upstream petroleum resource volume management for better opportunity portfolio management, future cash flows estimation and management and for the growth potential and future health of their oil and gas business. The training course covers a broad range of topics including: introduction to the upstream petroleum oil & gas business, petroleum “reserves” and “resources” volumes, how to estimate resource volume, methods to estimate reserves volume, reserves definitions & reporting, petroleum resource volume classification systems; financial impact and future implications; effective petroleum resource volume management & governance.

Duration: One Week