The Financial Modelling and Petroleum Project Economics Training Course for Finance Managers, delivered by Oxford Training Centre, is a specialised programme designed to enhance the technical and strategic capabilities of finance professionals operating in the oil and gas sector. This course focuses on the application of advanced financial modelling techniques and petroleum project evaluation frameworks to enable informed economic analysis, investment appraisal, and risk assessment in upstream energy projects.
Participants will develop hands-on skills in building, interpreting, and applying financial models tailored for petroleum economics. The course provides a structured approach to evaluating exploration and production projects using discounted cash flow (DCF) analysis, risk-adjusted metrics, scenario planning, and economic indicators essential for strategic decision-making in energy finance.
The curriculum integrates real-world data, industry-specific assumptions, and modelling tools to help participants understand the financial and economic intricacies of oil and gas ventures. Through practical exercises, participants will gain proficiency in assessing capital expenditures, production forecasts, fiscal regimes, cash flows, and profitability measures.
Aligned with the framework of Accounting Finance and Budgeting Training courses, this programme equips finance managers with specialised expertise in project valuation, modelling accuracy, and investment decision-making. It is particularly relevant for professionals seeking to lead financial planning and analysis functions in energy companies, consultancy firms, and investment institutions with a petroleum portfolio.
Objectives
- Develop robust skills in building and interpreting financial modelling course for oil and gas finance professionals using Excel-based tools.
- Understand the full project lifecycle and economic factors influencing petroleum project viability.
- Apply standard and advanced valuation techniques to assess petroleum assets and exploration projects.
- Gain knowledge in how to model oil and gas project economics with accurate cost, revenue, and tax assumptions.
- Learn to incorporate fiscal regimes, royalties, production sharing contracts, and taxes into project cash flows.
- Perform investment appraisal in petroleum and energy projects using NPV, IRR, payback period, and sensitivity analysis.
- Conduct economic evaluations using deterministic and probabilistic modelling approaches.
- Strengthen risk-adjusted decision-making with Monte Carlo simulations and scenario-based analysis.
- Gain insight into cash flow forecasting and economic evaluation in oil and gas projects.
- Apply best practices in discounted cash flow modelling for petroleum projects in upstream financial planning.
- Develop proficiency in building dynamic models for sensitivity testing, cost analysis, and capital budgeting.
Target Audience
- Finance managers, controllers, and analysts involved in budgeting, planning, and investment analysis in energy companies.
- Economists, commercial analysts, and corporate planners working on petroleum project assessments and financial planning.
- Professionals engaged in petroleum project economics training for finance managers across exploration and production sectors.
- Corporate finance teams supporting mergers, acquisitions, and capital allocation in upstream oil and gas projects.
- Consultants, advisors, and engineers transitioning into finance roles requiring strong modelling and economic evaluation skills.
- Decision-makers participating in oil and gas project economics and modelling training initiatives within finance departments.
- Professionals enrolled in Accounting Finance and Budgeting Training courses with a focus on the energy and natural resources sectors.
- Investment professionals evaluating project economics for joint ventures, farm-ins, or capital structuring.
- Project finance teams in banks, institutions, or multinationals involved in upstream deal structuring and analysis.
How Will Attendees Benefit?
- Gain practical competence in applying advanced financial modelling in the energy sector for project evaluation.
- Build dynamic and transparent financial models that reflect industry-specific revenue and cost drivers.
- Enhance accuracy in petroleum project valuation through consistent modelling and economic analysis standards.
- Learn to use economic modelling for oil and gas project finance to support investment proposals and board presentations.
- Strengthen decision-making using risk-adjusted modelling frameworks and probabilistic analysis.
- Understand how to structure and evaluate projects under different fiscal regimes and contractual frameworks.
- Apply tools to evaluate the financial viability of capital-intensive upstream developments.
- Support strategic capital planning using detailed cash flow forecasting and economic evaluation in oil and gas projects.
- Improve internal planning and external investor communication with reliable and traceable model outputs.
- Understand and mitigate financial risks in uncertain exploration environments using scenario-based analysis.
- Apply project economics and valuation training for petroleum finance teams across global operations.
Course Content
Module 1: Introduction to Petroleum Project Economics
- Overview of oil and gas industry value chain and project lifecycle
- Key financial and economic indicators in petroleum project evaluation
- Fundamentals of petroleum economics and financial modelling course
Module 2: Cost Structures and Revenue Modelling in Oil & Gas Projects
- Capital and operating cost estimation techniques
- Production forecasting and decline curve analysis
- Pricing assumptions, revenue calculation, and fiscal adjustments
Module 3: Financial Modelling Fundamentals for Oil & Gas Projects
- Model architecture and design in Excel
- Building assumptions sheets, drivers, and outputs
- Structuring a financial modelling course for oil and gas finance professionals
Module 4: Discounted Cash Flow Modelling and Valuation Techniques
- NPV, IRR, payback, and profitability index calculations
- Applying discounted cash flow modelling for petroleum projects in upstream evaluations
- Project ranking, capital budgeting, and investment screening
Module 5: Fiscal Regimes and Petroleum Contractual Structures
- Royalties, cost recovery, and profit-sharing mechanisms
- Taxation and depreciation rules across jurisdictions
- Integrating fiscal terms into financial models
Module 6: Sensitivity and Scenario Analysis in Project Evaluation
- Key input variables and sensitivity testing
- Scenario modelling: base case, downside, and upside cases
- Supporting project economics and valuation training for petroleum finance with robust analysis
Module 7: Risk Analysis and Monte Carlo Simulation Techniques
- Introduction to probabilistic modelling in Excel
- Using Monte Carlo simulation to evaluate risk and uncertainty
- Incorporating risk-adjusted outcomes into project recommendations
Module 8: Cash Flow Forecasting and Planning in Energy Projects
- Cash flow construction for multi-year petroleum projects
- Working capital, debt service, and capex scheduling
- Best practices in cash flow forecasting and economic evaluation in oil and gas
Module 9: Investment Appraisal and Decision Support Tools
- Structuring business cases for internal approval
- Comparing and selecting investment options
- Role of investment appraisal in petroleum and energy projects in capital planning
Module 10: Integrated Modelling and Practical Applications
- Building a complete petroleum project model from start to finish
- Hands-on exercises using real-world project data
- Final case presentation of training in petroleum project evaluation and financial modelling