Legal and Economics > Petroleum Economics: Excel Modeling - Virtual Instructor Led Training (VILT)

About this Virtual Instructor Led Training (VILT) 

This Virtual Instructor Led Training (VILT) is all about making you industry ready in modelling upstream Petroleum Economics and decision analysis. If you already have the basic grounding in the subject, you will hugely gain in your investment analysis proficiency.

Our approach is based on live model building exercise and case studies. Participants will learn to build economic/financial cash flow models in Excel and learn to answer various key questions frequently asked by CEOs/CFOs/management, to aid in the investment decisions.

Participants will learn key concepts in petroleum economics and financial modelling by doing exercises and building sufficiently large numbers of models as well as doing scenario and sensitivity analysis under the guidance of an experienced economist.

They will be exposed to various features and functions available within Excel through live examples. They will be required to build models and analyse cases provided to them for these very specific purposes.

Apart from enhancing their knowledge base and skills in financial modelling in Excel, participants will:

  1. Be provided with the course manual including all examples Excel files.
  2. Get free assistance in future for any Excel/fiscal regime/financial modelling queries (subject to a cap on the number of free hours assistance)

Note: Each participant must have access to a laptop. The Laptop must have Excel (version 2007, 2010, 2013, 2016) installed as this VILT is Excel intensive and participants will be doing Excel based exercises.

The VILT will be delivered online in 5 sessions comprising 3.5 hours per day (GMT+8 Time), with 2 breaks of 15 minutes per day.

Participants will learn how to construct an upstream Oil and Gas project economics/financial model in a structured and transparent way. They will learn how to set up models for running scenarios and sensitivities, farm-in/out, exploration and development cases, etc in Excel.

This VILT will strengthen their key concepts in the following areas:

  • Cash Flow Components & Economic Indicators
  • Upstream Petroleum Contracts & Economics
  • Sensitivities Scenarios Simulation & Decision Analysis

This VILT is suitable and highly recommended for students of Oil and Gas discipline, Energy managers, new Economist, Reservoir engineers, supervisors and other key employees from Finance, Commercial, Exploration & Production, New Venture Development & Planning, Business Development, Legal etc who require an in depth understanding in the subject of petroleum economics and also enhance their Excel/modeling skills of upstream assets.

Your expert course leader has more than 16 years of core Oil & Gas industry experience. With a technical background in drilling engineering and further qualifications in Finance and Economics, he has worked in a number of technical and commercial functions and gained extensive experience in economics evaluation, business development and commercial agreements.

His commercial valuation and analysis experience covers Africa, Asia, and Eurasia to name a few. He has consulted and assisted companies as an economist in the following companies – BG, Shell, Talisman, Anadarko, Occidental, Vitol, Petroceltic, Anadarko.

He has proven abilities in fiscal regime contract review and upstream Oil & Gas project cash flow analysis, and provides high quality decision support to management for investment decisions. He also undertakes engagements with universities for guest lectures on the subject of petroleum economics and risk analysis. He is also an expert user of petroleum economics modelling software Palantir CASH, FINANCIALS, PLAN, and Merak PEEP.

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.

Learn what past participants have said about EnergyEdge training courses

As a Petroleum Economist, this was of immeasurable value. The trainer utilised his practical knowledge to build my competency and I left the training being able to build a model incorporating my own fiscal regime. I am truly grateful

Petroleum Economist, NAMCOR

I attended this course as a comfortable/intermediate user of excel, however, I was blown away by the new things that I learned that would make my daily use of Excel more efficient. The materials and templates are also a useful resource for referring back to when attempting to build useful models. The trainer was patient and very knowledgeable and he left no one behind. Thank you for a very insightful course on fiscal regime. I am truly grateful

Project Accounting Manager, Oriental Energy Resources Ltd