An Interactive 10-Day Training Course
Upstream Economics and Management
Risk and Uncertainty assessment, Valuations, Oil & Gas Accounting
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The upstream oil and gas industry involves capital-intensive operations where economic impact and risk assessments determine project viability and organisational success. This 10-day Upstream Economics and Management training course provides delegates with comprehensive insights into the economic evaluation, risk analysis, and financial reporting standards relevant to upstream oil and gas projects. Participants explore techniques for assessing uncertainties, applying economic models, and evaluating investment opportunities, enabling them to make informed decisions that optimise project performance. The Upstream Economics and Management training course equips professionals with the skills to analyse upstream petroleum projects from an economic perspective and contribute to strategic decision-making processes.
The training course further develops understanding of petroleum fiscal regimes, economic modelling, and preparation of financial statements in line with international standards. Participants will examine modern techniques used to rank and select high-value projects, assess risk profiles, and interpret performance measurement results. Emphasis is placed on practical application of economic concepts and integration of accounting knowledge for enhanced financial reporting accuracy. The Upstream Economics and Management training course prepares delegates to support organisational goals through effective economic analysis, risk assessment, and performance evaluation in upstream environments.
From this Upstream Economics and Management training course, participants will develop the following key skills and competencies:
This training course is split into the following modules:
Module I - Petroleum Project Economics & Risk Analysis
Module II - Upstream Petroleum Accounting
At the end of Upstream Economics and Management training course, you will learn to:
Participants will engage with structured economic and accounting concepts through case discussions, practical examples, and interactive economic modelling exercises. The training course emphasises translating economic theory into real upstream decision-making, enabling delegates to evaluate risks, forecast outcomes, and interpret financial performance within an upstream oil and gas context.
This training course is ideal for professionals involved in financial analysis, project evaluation, and economic decision-making within the upstream oil and gas industry.
This Upstream Economics and Management training course is suitable to a wide range of professionals but will greatly benefit:
This day introduces the key accounting and auditing challenges facing the upstream petroleum sector and explores the impact of financial fluctuations on strategic development. The topics covered will include:
This day focuses on revenue recognition under IFRS, cost accounting methods, and profitability evaluation specific to upstream operations. The topics covered will include:
This day develops skills in asset accounting, including depletion, depreciation, and IFRS treatment of provisions and financial instruments. The topics covered will include:
This day examines creative accounting, governance roles, and the responsibilities of audit committees and internal audit processes. The topics covered will include:
This day focuses on establishing internal audit capabilities and conducting thorough audit examinations leading to effective control and reporting. The topics covered will include:
Delivering this training course in-house enables organisations to tailor the course to their specific upstream business models, risk environments, and financial frameworks. This ensures that participants focus on real organisational challenges and economic considerations, enhancing relevance and practical application of the learning.
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 Arabian division of GLOMACS with established global credibility.
Internationally benchmarked training courses aligned with professional best practices.
Trusted by professionals and institutions across public and private sectors.
Training courses delivered within Saudi Arabia and across international locations.
Organisations & Professionals in KSA will have the following additional benefits from this Upstream Economics and Management training course:
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.
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.
