The Financial Modelling in the Oil & Gas Industry Training Course for Finance Professionals, offered by Oxford Training Centre, is an advanced programme tailored for finance professionals working across the upstream, midstream, and downstream sectors of the oil and gas industry. This course equips participants with the technical skills and industry-specific knowledge required to design, build, and apply robust financial models that support economic decision-making, investment analysis, and project valuation in energy operations.
Through a practical and structured approach, participants learn how to assess exploration, development, and production projects by constructing detailed Excel-based models. These models incorporate pricing assumptions, capital expenditure schedules, operating cost structures, fiscal regimes, and revenue forecasts that reflect the complex financial landscape of the petroleum sector. This course also provides tools for handling uncertainties using scenario analysis, cash flow forecasting, and risk-adjusted return calculations.
As one of the core Accounting Finance and Budgeting Training courses, this training enables finance professionals to confidently manage the financial planning, capital budgeting, and forecasting tasks critical to sustainable decision-making within energy companies, consultancies, or financial institutions that support oil and gas ventures. It bridges the gap between technical finance and industry operations, enabling participants to contribute value across project lifecycles.
Objectives
- Build complete financial models that accurately reflect the economics of upstream, midstream, and downstream oil and gas operations.
- Learn to apply key financial modelling principles tailored to oil and gas industry finance modelling training using real-world assumptions.
- Understand how to structure models that capture capital investment, operating expenditures, and production cash flows.
- Gain practical skills in how to build financial models in the oil and gas sector using Excel-based best practices.
- Incorporate fiscal frameworks, royalties, and tax terms specific to different jurisdictions.
- Apply valuation methodologies such as NPV, IRR, and payback period to petroleum project valuation and financial modelling.
- Build models that support financial planning in exploration and production, covering reserves, timelines, and cost estimation.
- Enhance model flexibility to support scenario analysis for oil and gas financial decisions.
- Develop techniques for managing assumptions, documenting model logic, and performing sensitivity testing.
- Use data-driven forecasts to support capital budgeting for oil and gas industry projects.
- Integrate outputs into dashboards and presentations suitable for executive review.
Target Audience
- Finance professionals and analysts working within the oil and gas industry, including upstream and downstream sectors.
- Corporate finance and planning teams responsible for budgeting, valuation, and decision support in energy companies.
- Project finance specialists involved in structuring, analysing, and presenting financial models for energy investments.
- Energy sector consultants and advisors who require modelling skills for project appraisal and transaction support.
- Managers seeking to apply financial models in investment planning, development economics, and capital allocation.
- Professionals involved in oil and gas financial modelling training for finance professionals or related functional roles.
- Economists and commercial specialists supporting financial evaluations in exploration and production (E&P) projects.
- Individuals pursuing specialised Accounting Finance and Budgeting Training courses focused on energy-sector applications.
- Analysts and professionals working in financial institutions that fund, advise, or audit oil and gas ventures.
How Will Attendees Benefit?
- Gain the ability to design and implement flexible, transparent, and auditable models for the oil and gas sector.
- Apply Excel-based techniques to forecast revenues, costs, and capital flows with a focus on accuracy and traceability.
- Improve investment decision-making by modelling realistic scenarios and performing sensitivity analysis.
- Strengthen capabilities in forecasting and economic modelling in oil and gas finance.
- Understand and integrate country-specific royalty structures, tax schemes, and production-sharing agreements.
- Enhance the quality of financial presentations and capital proposals by producing robust financial outputs.
- Align technical planning with financial expectations through structured assumptions and valuation frameworks.
- Support senior leadership in making data-driven decisions through refined model outputs and risk-adjusted forecasts.
- Build knowledge in financial modelling for energy sector finance professionals, including those in capital planning or investor relations.
- Translate operational data into financial projections that reflect technical and economic uncertainties.
- Apply tools developed in the course directly to internal planning, acquisitions, and board-level reporting.
Course Content
Module 1: Introduction to Financial Modelling in the Energy Sector
- Overview of the oil and gas industry financial structure
- Importance of modelling in upstream and downstream decision-making
- Role of financial modelling in the oil & gas industry training course for finance professionals
Module 2: Model Structuring and Excel Fundamentals
- Model architecture, input design, and calculation flows
- Error checking, model transparency, and documentation
- Introduction to Excel-based modelling techniques for oil and gas finance
Module 3: Building Assumptions and Input Sheets
- Price assumptions, discount rates, and inflation
- Production volumes, reserve profiles, and depletion schedules
- Structuring capital expenditures and operating costs
Module 4: Cash Flow Forecasting and Revenue Modelling
- Revenue computation from production and pricing assumptions
- Working capital management and fiscal regime integration
- Skills in oilfield investment modelling and cash flow forecasting course
Module 5: Operating and Capital Expenditure Planning
- Modelling capex timelines and funding structures
- Lifecycle cost forecasting: exploration, development, decommissioning
- Techniques for budgeting and valuation in oil and gas modelling
Module 6: Taxation and Fiscal Regime Integration
- Royalties, corporate taxes, profit oil, and production sharing contracts
- Country-specific fiscal examples and impact on cash flow
- Understanding how to model financial planning in exploration and production
Module 7: Valuation Metrics and Project Appraisal
- Net present value (NPV), internal rate of return (IRR), and sensitivity testing
- Project screening tools for investment decisions
- Hands-on practice in petroleum project valuation and financial modelling
Module 8: Scenario Analysis and Stress Testing
- Base case, best case, and downside case evaluation
- Key variable identification and scenario building techniques
- Practical applications of scenario analysis for oil and gas financial decisions
Module 9: Integrated Upstream and Downstream Financial Models
- Linking exploration and production economics with refining and distribution
- Combined project cash flow generation
- Insights into upstream and downstream oil and gas modelling course
Module 10: Case Study and Final Model Presentation
- Real-world case study with model development
- Peer review and walkthrough of complete model
- Final presentation of the financial modelling course for oil and gas projects