About this Virtual Instructor Led Training (VILT)
Covering the dynamics of the gas industry, this 8 half-day Virtual Instructor Led Training (VILT) course enables participants to gain in-depth knowledge of gas market and economic evaluation of gas projects. The first part of this VILT course will provide the general industry overview of the gas market, nature of natural gas, the global market place, estimating gas reserves, petroleum resources management system, development and economics of shale gas and impact of shale gas on LNG market.
The second part of the VILT course will provide setup of economic analysis cases, including the estimation commodity prices, project costs – CAPEX, OPEX, taxes, royalties, transportation, depreciation, before-tax (BTAX) cash-flow, after-tax (ATAX) cash-flow, international fiscal regimes (production sharing agreement and concessionary system). The VILT course starts from the basic required parameters of inflation, interest and time value of money. These concepts are then transformed into profitability indicators. Last but not the least, the profitability indicators are then used to make investment decisions.
The emphasis of this VILT course is to bridge the gap between theoretical concepts and their practical limitations. The participants will be able to appreciate the amount of information that they never thought of. Another emphasis of this VILT course is also on the use of Excel’s financial functions. This understanding is very critical when it comes to building economic cash-flow models. Over the years, we have seen that participants really struggle with using the Excel functions correctly and this leads to mistakes that can be easily avoided.
In each session, multiple choice problems are provided to participants to reinforce their understanding of the concepts covered in the VILT course. Many tricks – not widely known – are also shared with the participants. The concepts covered in this VILT course are not restricted to downstream, upstream or petrochemical projects. These concepts can be used to evaluate any type of investment under consideration.
Upon completion of this VILT course, participants will be able to fully understand the gas market dynamics and Investment Evaluation. They will be able to:
- Understand the dynamics of the gas market
- Learn how to reduce exposure and mitigate risks in projects by handling uncertainty
- Clarify concepts such as time value of money, cash-flow models, capital budgeting, IRR, NPV
- Maximise the return on investments through good decision-making processes based on the commercial viability of projects
- Improve their decision process, investment and opportunity analysis
- Gain the hands-on experience in building their own economic evaluation models and solving case study-based exercises
The following oil & gas company personnel will benefit from the knowledge shared in this VILT course:
- Facilities and Planning engineers
- Project and procurement personnel
- Oil & gas engineers
- Financial Analysts
- Commercial managers
- Government officials
- Business advisors
- Asset managers
- E&P managers
- Product and business development personnel
The VILT course will be delivered online in 8 half-day sessions comprising 4 hours per day, with 2 breaks of 10 minutes per day.
Course Duration: 8 half-day sessions, 4 hours per session (32 hours in total).
Your expert course leader is a globally recognised subject matter expert in petroleum/project economics and international gas market analysis. He is a recipient of the 2021 Society of Petroleum Engineers (SPE) International Management Award, an award that recognises individuals who make significant technical and professional contributions to the petroleum engineering profession and to the worldwide oil and gas industry.
He has 40 years of diversified experience in petroleum engineering, reservoir engineering, project economics and decision analysis. He had been involved in evaluating multi-billion-dollar oil and gas field development, NGL, LNG, GTL, Aluminum smelter, refinery, petrochemical, power and production sharing projects. He has worked with major oil companies such as Saudi Aramco, ZADCO, Qatar Petroleum and companies in USA. He is a registered professional Engineer in the state of Colorado, USA.
He is the author of six books:
- Petroleum Engineering Handbook for the Practicing Engineer, Vol. I and Vol. II, published by PennWell Books, Tulsa, Oklahoma, USA.
- Project Economics and Decision Analysis, Vol. I and Vol. II, published by PennWell Books, Tulsa, Oklahoma, USA. These books are used as textbooks in universities worldwide to teach petroleum economics to undergraduates and graduate students.
- Tip & Tricks in Excel based Financial Modeling, Vol. 1 & 2, published by Business Expert Press, New York, USA.
He has also authored several papers in the Oil & Gas Journal, The Log Analyst, World Oil, SPE Journals, and Oil & Gas Financial Journal. He has delivered lectures in more than 25 countries around the globe. He has always received excellent feedback, as an expert presenter, from the participants of his courses.
To further optimise your learning experience from our courses, we also offer individualized “One to One” coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster.
Request for further information about post training coaching support and fees applicable for this.