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The 10-Day Advanced Financial Modelling & Petroleum Project Economics

An Interactive 10-Day Training Course

The 10-Day Advanced Financial Modelling & Petroleum Project Economics

Techniques for Managing Risk and Performance in Oil and Gas

NASBA
Classroom Schedule
Date Venue Fees
23 Mar - 03 Apr 2026 London $ 11,900
31 Aug - 11 Sep 2026 Cape Town $ 11,900
02 - 13 Nov 2026 Dubai $ 11,900
04 - 15 Jan 2027 Dubai $ 11,900
11 - 22 Jan 2027 Kigali $ 11,900
22 Mar - 02 Apr 2027 London $ 11,900

Course Summary

In the globally competitive world of the 21st century, business decision-makers face unprecedented levels of change, risk, and uncertainty — particularly in the oil and gas sector. Traditional financial and economic analysis is no longer sufficient, and organisations are turning to advanced financial models to improve decision-making, manage risk, and enhance forecasting. The 10-Day Advanced Financial Modelling & Petroleum Project Economics training course equips petroleum professionals with the practical skills to design and apply sophisticated financial models using tools such as Excel to analyse economic challenges and support strategic planning.

Participants will explore how financial modelling can be used to forecast performance, analyse investment decisions, and manage uncertainty while applying advanced techniques tailored to the oil and gas industry. Emphasis is placed on understanding the principles of business planning, performance management, and risk analysis with direct application to real-world scenarios. This training course prepares delegates to contribute more effectively to organisational decision-making, improve investment evaluation skills, and strengthen their ability to manage financial and economic uncertainty in petroleum projects.

Skills & Competencies

From this 10-Day Advanced Financial Modelling & Petroleum Project Economics training course, participants will develop the following key skills and competencies:

  • Financial modelling design and planning
  • Advanced Excel analytical capability
  • Economic risk and uncertainty analysis
  • Investment decision evaluation
  • Forecasting and performance measurement
  • Petroleum project economic insight

Modules

This training course is split into the following modules:

Module I - Financial Analysis, Modelling & Forecasting

Module II - Petroleum Project Economics & Risk Analysis

Key Learning Outcomes

At the end of The 10-Day Advanced Financial Modelling & Petroleum Project Economics training course, you will learn to:

  • Plan and design robust financial models for business analysis.
  • Utilise advanced Excel functions for statistical and financial analysis.
  • Apply financial modelling to investment decision-making.
  • Implement techniques for managing risk and uncertainty.
  • Analyse petroleum project economics using key economic indicators.

How You Will Learn

This training course employs a practical, hands-on approach to learning where participants review financial theory and immediately apply modelling techniques through case-based sessions. Delegates build and analyse financial models in Excel, engage with real-life petroleum economic scenarios, and interact with peers to strengthen modelling and analytical proficiency in oil and gas contexts.

Who should Attend?

This training course is tailored for professionals involved in financial planning, analysis, and decision-making roles within the petroleum sector or related industries.

This 10-Day Advanced Financial Modelling & Petroleum Project Economics training course is suitable to a wide range of professionals but will greatly benefit:

  • Finance professionals in the oil and gas industry
  • Budgeting and planning managers
  • Commercial managers
  • Divisional and project managers
  • Supply chain and procurement managers
Course Outline

Module I: Financial Analysis, Modelling & Forecasting

Day 1

The Competitive Challenge in the 21st Century

This day introduces participants to the financial landscape and integrated performance management fundamentals. It provides foundational modelling and performance management tools to prepare for deeper analytical work. The topics covered will include:  

  • Identifying and Managing Stakeholder Needs
  • Business Models and How They are Disrupted
  • An Integrated Approach to Risk Management
  • The Essentials of Business Performance Management

Fundamentals of Financial Modelling

  • Financial Statements Basics
  • Fundamentals of Financial Modelling
Day 2

Mastering Financial Analysis

This day focuses on building financial ratio databases and interpreting key performance metrics. Participants model relationships such as cost–volume–profit and analyse investment impacts in Excel. The topics covered will include:  

  • Building a Financial Ratio Database in Excel
  • Practical Modelling: The Cost-Volume-Profit Relationship
  • Measuring and Improving Return On Investment
  • Measuring and Improving Asset Management Efficiency
  • Measuring and Managing Capital Structure and Risk
  • Practical Modelling: The Effect of Gearing on Shareholders’ Earnings
Day 3

Improving Financial Forecasting

This day develops forecasting techniques and statistical analysis capabilities using Excel tools. Participants explore methods to analyse trends and forecast key financial variables. The topics covered will include:  

  • Practical Modelling: Using Excel Statistical Analysis Tools
  • Avoiding Common Forecasting Problems
  • Using Moving Averages to Analyse Time Series Data
  • Using Linear Regression for Sales Trend Analysis
  • Using Excel Solver to Minimise Forecasting Error
  • Using Regression and Correlation to Forecast Costs
  • Practical Modelling: Cash Flow Forecasting
Day 4

Financial Models to Improve Investment Decision-making

This day emphasises using financial models to support investment decisions and valuation practices. Participants explore tools for capital budgeting and business valuation. The topics covered will include:  

  • Principles of Capital Investment Decision-making
  • Sources and Cost of Business Finance
  • Practical Modelling: Using Excel Discounted Cash Flow Tools
  • Practical Modelling: Capital Investment Analysis
  • Essentials of Business Valuation
  • Practical Modelling: Business Valuation Based on Shareholder Value Added
Day 5

Managing Risk and Uncertainty

This day focuses on the techniques required to manage financial risk and uncertainty through probabilistic and scenario analysis. Participants explore sensitivity and simulation approaches. The topics covered will include:  

  • Identifying and Analysing Business Risk
  • Probability Based Approach to Decision-making
  • Monte Carlo Simulation
  • Sensitivity Analysis and “what-if” Forecasting
  • Identifying the Key Drivers of Financial Performance
  • Practical Modelling: Key Driver “what-if” Forecast

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
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NASBA

Customisation & In-House Delivery

Delivering this intensive financial modelling and project economics training course in-house enables organisations to address specific sector-related financial challenges and align learning with internal planning frameworks and risk management priorities. Customisation supports teams in applying advanced modelling tools to real organisational data and scenarios, strengthening strategic decision-making and risk mitigation capabilities.

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 10-Day Advanced Financial Modelling & Petroleum Project Economics training course:

  • Enhanced financial and economic decision-making capacity
  • Stronger forecasting and risk analysis proficiency
  • Improved investment evaluation skills
  • Greater operational agility in petroleum project economics
  • Elevated confidence in managing uncertainty
  • Practical Excel modelling skills for business performance
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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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