An Interactive 5-Day Training Course
Upstream Petroleum Economics, Risk and Fiscal Analysis
Maximizing Profitability and Managing Risks in the
Upstream Oil and Gas Industry
Course Overview
This Upstream Petroleum Economics, Risk and Fiscal Analysis training course aims to provide participants with a thorough understanding of the fundamental economic and financial concepts that drive the upstream oil and gas industry. The training course will cover upstream petroleum economics, risk management, and fiscal analysis. Participants will learn how to analyze and manage risks associated with exploration, production, and investment activities and conduct financial analysis to evaluate the profitability of different projects.
The Upstream Petroleum Economics, Risk and Fiscal Analysis training course will also include case studies and practical exercises to ensure participants can apply the concepts learned in real-world situations.
By the end of this GLOMACS Upstream Petroleum Economics, Risk and Fiscal Analysis training course, participants will be able to:
- Understand the critical economic and financial concepts that drive the upstream oil and gas industry, including the upstream petroleum value chain, fiscal systems, and financial metrics.
- Analyze and manage risks associated with upstream oil and gas operations, including exploration, production, and investment activities.
- Conduct financial analysis to evaluate the profitability of different projects, using techniques such as cash flow analysis, time value of money, and sensitivity and scenario analysis.
- Evaluate and select profitable projects using capital budgeting techniques and investment criteria.
- Apply the concepts learned in real-world situations by analyzing case studies and participating in practical exercises.
- Communicate effectively with other teams and organizational stakeholders, using a common language and understanding of key economic and financial concepts.
- Enhance their skills and knowledge of upstream petroleum economics, risk management, and fiscal analysis to improve their career prospects and contribute more effectively to their organization.
Training Outline
DAY 1: Introduction to Upstream Petroleum Economics
- Overview of the Upstream Oil and Gas Industry
- Basic economic concepts and principles
- Overview of the upstream petroleum value chain
DAY 2: Risk Management in Upstream Petroleum
- Understanding risk and uncertainty
- Types of Risks in upstream oil and gas operations
- Risk management strategies and tools
DAY 3: Fiscal Analysis in Upstream Petroleum
- Overview of fiscal systems in the Oil and gas industry
- Key financial metrics for evaluating upstream projects
- Fiscal Analysis Techniques for Decision-making
DAY 4: Project Economics
- Estimating project costs and revenues
- Cash flow analysis and time value of money
- Sensitivity and scenario analysis
DAY 5: Investment Analysis
- Capital budgeting techniques
- Investment criteria and Decision-making
- Portfolio management and diversification
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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