The 10-DayAdvanced Financial Modelling & Petroleum Project Economics

An Intensive 2-Week Training Course

This course is Designed, Developed, and will be Delivered underiso Quality standards

29 Oct - 09 Nov 2017, Dubai

16-A

PR-1

7

Why ChoosE This TrAining CoursE?

In the globally competitive world of the 21st century business decision-makers face unprecedented levels of change, risk and uncertainty and nowhere is this more true than in the oil and gas sector. To survive and flourish in this dynamic environment petroleum professionals need the right tools with which to analyse the economic and other challenges faced by their organisations and to anticipate and manage the many opportunities and threats that may emerge. Traditional forms of economic and financial analysis no longer meet these needs and the most progressive firms are using the power of financial models to help them analyse the challenges and take a more powerful approach to managing risk and uncertainty in their planning and forecasting

This training course will highlight:

• The challenge of risk and uncertainty in modern business

• Principles of business planning and performance management

• How financial models can be used to improve business decision-making

• Practical skills in designing financial models using Excel

• Advanced approach to analysing oil and gas sector economic indicators

ThE sTruCTurE

This comprehensive training course consists of two modules which can be booked as a 2-week Training event, or as individual, 5 Day courses.

Module 1 - Financial Analysis, Modelling & Forecasting

Module 2 - Petroleum Project Economics & Risk Analysis

hoW Will This TrAining CoursEbE PrEsEnTED?

This is a highly participative workshop style training course focused on developing practical skills that delegates can apply in real life business situations on return to their own organisation. Each module includes a thorough review of the relevant theory before focusing on life-like business case studies with which delegates can practice the design and construction of financial models, analysis tools and forecast applications in Excel, using laptops provided for the course.

WhAT ArE ThE goAls?

This hands-on PetroKnowledge training course has been designed to provide petroleum sector delegates with real practical skills to design and build financial models that will have highly relevant applications in modern oil and gas organisations. By applying advanced techniques for economic and financial analysis, delegates will develop improved skills in forecasting and business decision-making.

By the end of this training course, participants will learn to:

• Plan the design and functionality of economic and financial models in Excel

• Use powerful functions built in to Excel for statistical and financial analysis

• Apply financial analysis techniques to improve investment decision-making

• Design and build financial models for forecasting sales, costs and profit

• Implement up to date techniques for managing risk and uncertainty

• Use financial models to assist in business decision-making

Who is This TrAining CoursE For?

The training course is designed to provide useful insights and practical skills to professionals from a wide range of disciplines and industry sectors, but particularly those involved in planning, forecasting and investment decision-making in an age of risk and uncertainty.

This PetroKnowledge training course is suitable to a wide range of petroleum sector professionals but will greatly benefit:

• Finance professionals• Budgeting and planning managers• Commercial managers• Divisional managers• Purchasing and supply chain managers• Project managers

The 10-DayAdvanced Financial Modelling & Petroleum Project Economics

www.petroknowledge.com

QuAliTyCErTiFiCATion

The PMI® Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.

Clear Concepts. Clean Environment.

Member of

Membership No.: 125094

DAily AgEnDA

The 10-Day Advanced Financial Modelling & Petroleum Project Economics

MoDulE 1 - FinAnCiAl AnAlysis, MoDElling & ForECAsTing

Day one: Tools to Meet the Challenges of the 21st Century

• The nature and challenge of competitive business• Managing risk and uncertainty• Business planning and performance management• Measuring the key drivers of business success• Financial models – what they are and how to use

them most effectively• Best practice in building financial models• How to get the best results using Excel

Day Two: building Models for Financial statement and ratio Analysis

• The financial analysis tool kit• Building a company financial database in Excel• Excel charting basics• Analysing the cost-volume-profit relationship• Understanding the drivers of shareholder value• Modelling and interpreting financial rations• Using the model to improve business performance

Day Three: building Forecasting Models

• Understanding the drivers of profit and cash flow• Designing and building a cash flow forecast model• Using Excel’s built-in data analysis tools• Analysing trends in past data – moving averages

and regression tools• Designing and building a sales forecast model• Designing and building a cost forecast model• Avoiding common problems in forecasting

Day Four: building Models for Capital investment Decisions

• • Principles of capital investment decision-making• Building a model to calculate company cost of

capital• The time value of money and principles of

discounted cash flow (DCF)• Understanding and using Excel’s built-in DCF

functions• Designing and building a capital investment

appraisal model• Principles of business valuation• Designing and building a business valuation model

Day Five: building Models for Managing risk and uncertainty

• The impact of risk on financial performance• Identifying the key drivers of financial performance

and strength• “What if” forecasts and how they work• Designing and building a financial statement

forecasting model• How to use Excel Goal Seek tool• Using Excel’s Scenario Manager tool• Building rolling forecast models in Excel

MoDulE 2 - PETrolEuM ProjECT EConoMiCs & risk AnAlysis

Day six: Cash Flow Analysis

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

Day seven: 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 Eight: risks and uncertainties

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

Day nine: setting up spreadsheet Calculation

• Introduction to Spreadsheet Calculation• Simple Cash Flow using Excel• NPV calculations• Application of economic indicators• Class discussion

Day Ten: setting up oil Field Development Model

• Group activities• 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

The 10-Day Advanced Financial Modelling & Petroleum Project Economics

CoursE DATEs, VEnuEs AnD FEEs

29 Oct - 09 Nov 2017 Dubai $10,000

This fee is inclusive of Documentation, Lunch and Refreshments

Please use BLOCK CAPITALS to fill in this form. It is important that you read carefully through all information before starting to complete the form.

rEgisTrATion DETAils

AuThorisATion

in-housE TrAining

Family name: ____________________________________________ First name (Mr./Ms.): _________________________________________

Position: ________________________________________________ Company: ____________________________________________________

Mailing Address: _______________________________________________________________________________________________________

Telephone:____________________ Mobile: _____________________ Fax: ________________________ Email: ________________________

Authorisation by: ______________________________________________________________________________________________________

Position: ________________________________________________ Company: ____________________________________________________

Mailing Address: _______________________________________________________________________________________________________

Telephone:____________________ Mobile: _____________________ Fax: ________________________ Email: ________________________

Maximize your training budget and have several members of your staff, who require specific training, to attend with the advantage of not incurring additional travel costs when attending a ‘public’ training courses & seminars.

Would you like a PetroKnowledge training course delivered at a time or location to suit you? Would you like PetroKnowledge to tailor a course from our comprehensive library of programmes? Or would you like us to create an entirely new, bespoke course to suit the exact needs of your organisation?

Working in partnership with our clients, PetroKnowledge provides an enjoyable, creative learning experience that enables participants to develop their skills and knowledge. We can deliver not only generic, off-the-shelf courses from our extensive learning portfolio, but we can provide tailored as well as bespoke learning on any aspect of skill development or knowledge. Our in-house courses are conducted by the same expert trainers who conduct PetroKnowledge public courses so you can be assured they will fulfill the learning objective of any organisation

The 10-DayAdvanced Financial Modelling & Petroleum Project Economics

T: +971 2 5577 389F: +971 2 5577 128E: info@petroknowledge.comP.O. Box: 135120, Abu Dhabi, U.A.E.

www.petroknowledge.com

booking TErMs & ConDiTions

Booking• Bookings for courses can be made via our website (petroknowledge.com) or by contacting our Registration Desk on

+971 2 5577389 or at reg@petroknowledge.com• For on-line bookings, please select the course that you require and click on the “Register Now” button, following the

instructions step by step• Upon receipt of booking in order, enrollment on the respective training course will be confirmed by Registration Team

with all necessary documentation

Invoicing and Payment• Our fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments

served during entire training. Accommodation charges are not included in the course fees• Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted• Invoices will be sent via email/courier to the ID/name and address provided• We prefer to have the fees payment in our account before the start of training course. However, if your company has a

different payment policy, the same should inform us in advance• The currency of fees is in US Dollars (USD). Payments can be made in USD or UAE local currency AED (Arab Emirates

Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the Invoice• Please note that we do accept payment by cash, in USD or AED, only for the last minute bookings

Cancellation of Courses• It may be necessary for PetroKnowledge to amend or cancel any course, course times, instructors, dates or published

fees due to unforeseen circumstances and we reserve the right for such changes• Any amendments will be advised before the course start date and any bookings already paid in full will not be subject

to increased fees

Cancellation by Client• Once you have completed your booking, received your confirmation of enrollment and a dated payment Invoice, you

are deemed to have a contract with PetroKnowledge. You reserve the right to cancel this contract given the below terms

• All cancellations must be received in writing at reg@petroknowledge.com and info@petroknowledge.com at least 14 days prior to the training

• After the cancellation period has expired, consideration may be given, on a case to case basis, if a registered delegate nominates a substitute on the same course, shifts to next session of the course or moves to a new course

• For a cancellation request made on or before the statutory 14 day cancellation period, a refund may be given or a credit note issued which can be used against future course fees

• A 25% administration fee (of the total course fee at the time of booking) will be charged for any cancellations made outside of the statutory cancellation period

Attendance Certificate

• The daily course schedule should be accurately followed to ensure undeterred implementation of our training• All delegates, who participated in their course throughout, will receive the Certificate of Completion on the last day• Please report any foreseeable absences to a PetroKnowledge representative or to your sponsors directly• An absence of three (3) or more sessions of the course will invalidate your eligibility for the Certificate of Completion