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Financial Modelling and Petroleum Project Economics

An Interactive 10-Day Training Course

Financial Modelling and Petroleum Project Economics

Techniques for Managing Risk & Performance in Oil and Gas

NASBA
Classroom Schedule
Date Venue Fees
02 - 13 Mar 2026 London $ 11,900
20 Apr - 01 May 2026 Dubai $ 11,900
06 - 17 Jul 2026 Houston $ 15,900
17 - 28 Aug 2026 Abu Dhabi $ 11,900
17 - 28 Aug 2026 London $ 11,900
05 - 16 Oct 2026 Rome $ 11,900
02 - 13 Nov 2026 Dubai $ 11,900
14 - 25 Dec 2026 London $ 11,900
04 - 15 Jan 2027 Dubai $ 11,900
11 - 22 Jan 2027 Kigali $ 11,900
15 - 26 Mar 2027 London $ 11,900
Online Schedule
Date Venue Fees
06 - 17 Jul 2026 Online $ 7,900

Course Summary

This 10-day Financial Modelling and Petroleum Project Economics training course is designed to provide participants with an integrated and practical understanding of financial analysis tools and techniques specifically for the oil and gas industry. The training course focuses on building proforma analysis, mastering different methods of financial analysis and forecasting, and applying risk analysis tools to investment appraisal and project evaluation. Highlights include the use of Excel from basic to advanced levels and a real-world approach using examples centred on the oil and gas sector. The Financial Modelling and Petroleum Project Economics training course equips professionals with practical skills to enhance quantitative analysis and forecasting capabilities.

Participants will learn how financial modelling supports investment decisions, risk assessment, and performance forecasting across upstream and downstream operations. Emphasis is placed on developing skills in financial statement analysis, cash flow forecasting, investment appraisal techniques, and risk modelling. The training course blends formal lectures with practical demonstrations and Excel-based examples, preparing delegates to apply techniques immediately in their workplace. The Financial Modelling and Petroleum Project Economics training course is ideal for professionals seeking to strengthen financial decision-making and modelling expertise in energy project economics.

Skills & Competencies

From this Financial Modelling and Petroleum Project Economics training course, participants will develop the following key skills and competencies:

  • Advanced financial modelling using Excel
  • Quantitative risk analysis capability
  • Investment appraisal proficiency
  • Cash flow forecasting skills
  • Economic indicator interpretation
  • Decision support analysis

Modules

This training course is split into the following modules:

Module I - Financial Modelling in the Oil & Gas Industry

Module II - Petroleum Project Economics & Risk Analysis

Key Learning Outcomes

At the end of Financial Modelling and Petroleum Project Economics training course, you will learn to:

  • Construct reliable financial models using advanced Excel functions.
  • Analyse financial statements and industry-specific economic metrics.
  • Apply investment appraisal techniques including NPV and IRR.
  • Conduct risk and sensitivity analysis for project evaluation.
  • Build integrated economic models for oil field development.

How You Will Learn

Learning develops through a balance of formal instruction and applied exercises that demonstrate financial modelling techniques in real industry contexts. Participants observe Excel demonstrations, interpret financial data, and engage with practical applications relevant to upstream and downstream operations. Emphasis is placed on translating analytical techniques into workplace solutions that improve financial decision-making and economic evaluation.

Who should Attend?

This training course is designed for professionals involved in financial analysis, project evaluation, and risk management in the oil and gas sector.

This Financial Modelling and Petroleum Project Economics training course is suitable to a wide range of professionals but will greatly benefit:

  • Oil & Gas field engineers
  • Oil & Gas managers
  • Financial analysts
  • Decision-makers and financial modelers
  • Supervisors in oil and gas operations
  • Project managers seeking expanded financial modelling expertise
Course Outline

Module I: Financial Modelling in the Oil & Gas Industry

Day 1

Introduction to the Excel Environment with Oil and Gas

This day provides an introduction to Excel environments relevant to financial modelling and statistical analysis. Participants explore essential functions, data representation techniques, and trend analysis. The topics covered will include:   

  • A Quick-start Tutorial for Excel
  • Describing Data Sets Using Statistics
  • Representing Data sets Graphically
  • Understanding the Concept of Normal Distribution and practical application
  • Trend Analysis Using Excel
  • Time Series Analysis
Day 2

Statistical Analysis (Applied to the Oil and Gas Industry) Using Excel

This day focuses on statistical functions in Excel and their applications to oil and gas data. Participants learn descriptive statistics and regression techniques for analysing equity returns. The topics covered will include:   

  • Use of Excel Functions for Statistical Analysis
  • Descriptive Statistics and their applications:
    • Mean
    • Median
    • Standard Deviation
    • Skewness
    • Kurtosis
  • Use of Scatter Diagrams, Frequency and Histogram Distribution
  • Regression Techniques to Calculate the Cost of Equity Financing
  • Analysis of Equity Returns of Oil and Gas Industry and Companies
Day 3

Oil Product Spreads

This day explores relationships between energy product data sets, correlation analysis, and variance techniques for financial insights. The topics covered will include:  

  • Examining the Relationship between Energy Products
  • Differences between Data Sets and their importance.
  • Correlation Analysis
  • Confidence Intervals
  • Application of Analysis of Variance (ANOVA)
Day 4

Investment Appraisal Using Excel

This day addresses investment appraisal methods using Excel, including NPV, IRR, and scenario analysis. Participants learn practical techniques for stress testing and assessing financial distress. The topics covered will include:

  • Investment Appraisal using NPV, IRR, and Payback as Applied to the Oil and Gas Industry
  • Use of Excel Functions for Investment Appraisal: IRR, PV and NPV
  • Modified Internal Rate of Return (MIRR)
  • Use of Scenario Analysis and Stress Testing
  • Predicting Financial Distress
Day 5

Financial Analysis in the Up and Down Stream Oil and Gas Industry

This day broadens participants’ understanding of financial statements, ratio systems, and cash flow forecasting using Excel modelling tools. The topics covered will include:  

  • Introduction to Financial Statements
  • Ratio Analysis Applied to the Oil and Gas Industry
  • Ratios as a System – Pyramids of Ratios
  • Financial Modelling
  • Cash Flow Forecasts Using Excel

Module II: Petroleum Project Economics & Risk Analysis

Day 6

Cashflow Analysis

  • Familiarization with Economic terms
  • Setting up Cashflow Calculation
  • Depreciation Methods
  • Loss Carry Forwards
  • Inflation
  • Nominal & Real Cashflow
  • Sunk Costs
  • Project Financing
Day 7

Economic Indicators

  • Economic Indicators Definitions
  • Present Value Concept
  • Discount Factor
  • Net Present Value
  • Internal Rate of Return
  • Effect of Project Delay
  • Payback Period
  • Profit / Investment Ratio
  • Incremental Projects
Day 8

Risks and Uncertainties

  • Risk & Uncertainty
  • Expected Value Concept
  • Decision Tree Analysis
  • Farm-out Decision
  • Probability Analysis
  • Sensitivity Analysis
  • Probability Distribution
  • Monte Carlo Simulation
Day 9

Setting up Spreadsheet Calculation

  • Introduction to Spreadsheet Calculation
  • Simple Cashflow using Excel
  • NPV Calculations
  • Application of Economic Indicators
  • Class Discussion
Day 10

Setting up Oil Field Development Model

  • Setting up an Integrated Economic Model of a Typical Oil Field Development
  • Project Sensitivity Analysis for the Selected Model
  • Introduction to Russell Field Model
  • Final Remarks
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 tailor the financial modelling and project economics content to specific company practices, risk frameworks, and strategic priorities. Customisation ensures that participants develop relevant analytical capabilities that support internal financial evaluation, investment decisions, and performance reporting aligned with organisational needs.

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 Financial Modelling and Petroleum Project Economics training course:

  • Stronger analytical capability for oil and gas financial decisions
  • Enhanced project investment evaluation expertise
  • Improved risk modelling and sensitivity analysis skills
  • Greater proficiency in forecasting and performance metrics
  • Advanced Excel financial modelling competence
  • Better decision support for strategic energy projects
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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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