Portfolio Management of Oil and Gas Assets
From £3250 per attendee
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London
25 November, 2019 - 29 November, 2019
Book CourseDubai
23 February, 2020 - 27 February, 2020
Book CourseHouston
20 April, 2020 - 24 April, 2020
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Course Information
- Course Content
- Course Description
- Course Objectives
- Who Should Attend
- CPD Unit
Course Content
Day 1
Introduction to Course and the state of Play of the Global Energy Industry
Fundamentals of strategic portfolio management
Background to modern portfolio theory
Day 2
Portfolio uncertainty and probability of achieving key strategic targets
Estimating under conditions of uncertainty
Day 3
Project Cash Flow management
Investment analysis and decision making
E&P Portfolio Analysis and Management
Day 4
Project Sensitivity to Field Economics
Practical Simulation Exercise
Risk and Uncertainty Management
Day 5
Decision Making in a Complex Petroleum Business Environment
Portfolio Optimization
Portfolio Presentation
Course Description
This course is aimed at both managers, engineers and commercial specialist. It provides the participants with tools and practical techniques to identify, analyse and manage uncertainties and risk in exploration and production projects. Delegates will have the opportunity to explore these challenges, with hands-on application of industry-standard tools and techniques to assess realistic scenarios and associated data. The essential commercial drivers are held in perspective at all times. Learning is reinforced by working on case material to explore uncertainties and risks in the context of production forecasting, cash-flow management, incremental projects and asset portfolio manipulation.
Course Objectives
By the end of this course delegates will be able to:
• Define risk & uncertainty in technical and business opportunities
• Summarise petroleum economics techniques and indicators
• Utilise a range of tools to combine uncertainties and quantify risk
• Evaluate technical risks in exploration and appraisal
• Assess commercial uncertainties
• Understand how utility theory drives our risk-reward judgements
• Compare probabilistic vs. multiple deterministic methods
• Understand reserves addition techniques
• Understand the impact of portfolio management in risk and uncertainty
Who Should Attend
Managers, engineers and legal/commercial experts and corporate, portfolio and asset-based decision-makers requiring deeper understanding of portfolio management and the challenges of decision making in complex oil and gas industry environment.
CPD Unit
Continuing Professional Development
35 HOURS CPD