Handling Uncertain Scenarios
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One of the most significant, riskiest, and capital-intensive industries is the petroleum sector. Spending on exploration and production worldwide increased to $644 billion in 2013, from $604 billion the previous year, a 7% increase. The budget for exploration reached $654 billion in 2014; however, by 2015, it had dropped to $521 billion, and by 2016, it had decreased by a further 27%. Global expenditures on exploration and production are predicted to rise by 7% this year.
Many issues, including increased costs associated with developing new assets, lower oil and gas discovered per foot of exploratory drilling, growing inflation, global oversupply, and price volatility, are seriously pressuring the profit margins of the upstream industry. Business risk and uncertainty are exacerbated by competition for investments, acreage and concessions, the ageing of existing reservoirs, and the unconventional oil and gas revolution.
Projects in the petroleum business are dangerous by nature; the difficulty is in anticipating, controlling, and reducing this risk. The three most difficult planning tasks are risk management, profitability assessment, and cost prediction. These are all early-stage capital planning responsibilities, and serious losses may result from a failure to properly assess these components.
This training session on Course N Carry will emphasize:
The following are the main goals of this training programme:
A variety of teaching strategies will be used in this Advanced Oil & Gas Project Economics, Risk & Decision Analysis training course, including but not limited to excellent power point presentations, quick videos, and active class participation.
During this training session, a thorough understanding of quantitative risk analysis approaches and practical problem-solving abilities will be established. The participants will be able to make greater use of the taught content by using PCs to tackle a range of challenges. Additionally, the attendees of this Oil & Gas Technology training course will be able to make the best capital expenditure decisions possible.
The Microsoft Excel add-on @Risk module will be used to enable this Advanced Oil & Gas Project Economics, Risk & Decision Analysis training course, which will also help to foster conversations among the participants.
Your company will gain from sending representatives to this training program in the following ways:
Attending this training session will enable you to:
The goal of this Advanced Oil & Gas Project Economics, Risk & Decision Analysis training course is to provide participants practical and technical methods for carrying out upstream petroleum-related projects.
A broad variety of professions may benefit from this Course N Carry training course, but the following are particularly noteworthy:
Economics of Development
Investment Uncertainty
Hazards and Uncertainties
Using Excel to Set Up Spreadsheet Calculations
Using the @Risk add-on practically: Oil Field Development Model
On successful completion of this training course, Course N Carry Certificate will be awarded to the delegates.
No related courses found.
Course Code
:
CNC843
Course Name
Advanced Oil & Gas Economic Projections, Risk Uncertainty & Decision Analysis
Take the next step toward your personal and professional goals with Course N Carry.
