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Decision Making in the Upstream Oil and Gas Industry

An Interactive 5-Day Training Course

Decision Making in the Upstream Oil and Gas Industry

The Know-How in Creating High Quality Decisions in Complex Upstream Projects

NASBA
Classroom Schedule
Date Venue Fees
02 - 06 Feb 2026 Dubai $ 5,950
13 - 17 Jul 2026 Dubai $ 5,950
19 - 23 Oct 2026 London $ 5,950
09 - 13 Nov 2026 Dubai $ 5,950
21 - 25 Dec 2026 Dubai $ 5,950
04 - 08 Jan 2027 Kigali $ 5,950
01 - 05 Feb 2027 Dubai $ 5,950

Course Summary

Decision making in the upstream oil and gas industry requires navigating multiple disciplines, large investments, and significant uncertainty. This course equips early and mid‑career professionals with the understanding and skills to participate in high‑quality, multi‑disciplinary decision processes within international oil and gas organisations. Participants will explore how scientific, technical, commercial, and engineering disciplines collaborate in integrated project teams to make decisions that optimise operational outcomes and project success. The Decision Making in the Upstream Oil and Gas Industry training course emphasises practical tools and industry perspectives that support effective conceptual planning and rational decision making under uncertainty.

Through a balanced mix of theory and practice, participants gain insights into the upstream decision environment, including field development planning, economics, contract structures, and safety considerations. The course builds capability in analysis, scenario evaluation, and structured decision approaches that enhance professional confidence and effectiveness in complex project contexts. The Decision Making in the Upstream Oil and Gas Industry training course prepares professionals for roles that require sound judgment, collaborative problem solving, and strategic evaluation of large infrastructure investments.

Skills & Competencies

From this Decision Making in the Upstream Oil and Gas Industry training course, participants will develop the following key skills and competencies:

  • Multi‑disciplinary decision analysis
  • Scenario planning and economic evaluation
  • Risk and uncertainty management capability
  • Contractual and regulatory insights
  • Safety and sustainability considerations
  • Practical decision workshop experience

Key Learning Outcomes

At the end of Decision Making in the Upstream Oil and Gas Industry training course, you will learn to:

  • Understand how complex decisions are made in upstream oil and gas settings.
  • Apply practical tools for decision evaluation under uncertainty.
  • Analyse field development planning scenarios for highest value outcomes.
  • Evaluate the role of economics and portfolio management in project decisions.
  • Integrate safety, environmental, and contractual factors into decisions.

How You Will Learn

Participants will learn through a combination of practical and theoretical methods that reinforce real‑world decision making. The course includes interactive presentations, workshops, guided exercises, case discussions, and collaborative group work to deepen understanding of complex upstream project decisions. Emphasis is placed on applying analytical tools and structured approaches that simulate real industry practices.

Who should Attend?

This course is designed for professionals seeking deeper involvement in decision making within the upstream oil and gas industry, particularly those involved in project planning, engineering, economics, and leadership roles.

This Decision Making in the Upstream Oil and Gas Industry training course is suitable to a wide range of professionals but will greatly benefit:

  • Early‑ and mid‑career oil and gas professionals
  • Multi‑disciplinary project team members
  • Field development planners
  • Commercial and technical decision participants
  • Future business leaders in oil and gas
Course Outline
Day 1

Overview and Context to Decision making in the Upstream Sector

This day introduces the upstream context of decision making, including industry structure and professional inputs. Participants explore how fundamental technical disciplines contribute to project decisions.

The topics covered will include:   

  • The industry context to decision making. The upstream oil and gas industry from various key ‘perspectives’, such as the oil and gas asset lifecycle, the value chain, the industry players, and the place in society.
  • The professional context to decision making. Overview of the fundamental geoscience and engineering disciplines, which form the basis upon which decisions are made, including geophysics, petrophysics, reservoir engineering, well engineering and facilities engineering.
  • Decision making in the upstream oil and gas industry. Overview of the science, culture, practice and challenges of decision making in the upstream oil and gas sector, including dealing with incomplete information and uncertainty.
Day 2

Decision Making, Field Development Planning and Economics

This day focuses on collaborative planning and petroleum economics as decision foundations. Participants work on realistic planning and decision exercises.

The topics covered will include:

  • Multi-scenario field development planning as basis for decision making. How the integrated, team, drawn from all disciplines (commercial, scientific and engineering) collaborate to identify the candidate development scenarios, which become the input to the decision making process.
  • Petroleum economics for decision making. The role of petroleum economics in the analysis of oil and gas development scenarios, in order to identify the most profitable, and the one with the best fit to the company business, including the use of cash flow analysis, time value of money and investment indicators.
  • Decision making workshop. Participants work individually, or in teams, on realistic field development planning, economics and decision making exercises.
Day 3

Decision Analysis and Portfolio Management

This day reinforces analytical tools for complex decision making and portfolio strategies. Participants apply decision trees, expected value, and advanced economic tools.

The topics covered will include:  

  • Decision Analysis. How the integrated field development team make complex decisions, involving many different types of input parameters, in order to ensure that very large investments are made rationally and efficiently, using tools such as expected value, sensitivity analysis, decision trees and Monte Carlo simulation.
  • Portfolio Management. Advanced economics and decision making methodologies, originating in the financial (stocks and shares) industry, increasingly finding application for the strategic management of portfolios of oil and gas assets, including: Portfolio Theory, Options Theory and Preference (Utility) Theory.
  • Decision Making Workshop. Participants work individually, or in teams, on realistic field development planning, economics and decision making exercises.
Day 4

Types of Production Contract and their Relevance to Decision Making

This day examines production contracts and petroleum resource classification in decision contexts. Participants explore how legal and fiscal structures impact investment decisions.

The topics covered will include:   

  • Production contracts & licences. The legal, fiscal and contractual conditions under which an oil company acquires the right to produce oil or gas, and the way that the revenue and wealth is shared with the host country.
  • Petroleum resources management. How quantities of oil and gas in the reservoir (reserves and resources) are calculated, classified and reported in a consistent manner for management, regulatory and investment and purposes.
  • Decision making workshop. Participants work individually, or in teams, on realistic field development planning, economics and decision making exercises.
Day 5

How Safety and Environmental issues impact Decision Making

This day assesses how safety, environmental impact, and social licence considerations shape decision outcomes. Participants engage in workshop exercises reflecting practical scenarios.

The topics covered will include:  

  • Corporate responsibility. How oil and gas projects are executed in a safe and sustainable manner, with due respect for the environment, and it a way that benefits the local communities in which activities take place, covering topics such as: safety, environmental impact and social licence to operate.
  • Decision making workshop. Participants work individually, or in teams, on realistic field development planning, economics and decision making exercises. 
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

Options & Brochure

Customisation & In-House Delivery

Delivering this training course in‑house enables organisations to focus on decision‑making challenges specific to their asset portfolios, project practices, and organisational context. Customisation supports real case applications and strengthens collaborative decision processes aligned with internal systems and strategic objectives.

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this Decision Making in the Upstream Oil and Gas Industry training course:

  • Enhanced ability to make high quality decisions under uncertainty
  • Strengthened multi‑disciplinary collaboration
  • Improved project planning and execution outcomes
  • Greater commercial and economic decision proficiency
  • Better integration of safety and environmental considerations
  • Increased confidence in supporting strategic upstream development
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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

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Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email [email protected] . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at [email protected]

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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