Categories > Technical / Exploration Category:

Managing Risks and Strategic Decisions in Petroleum Exploration & Production

 

 

Program Duration

:

5 Days
Program Date : 25-29 December, 2010

Program Location

:

Cairo, Egypt

Program Fees

:

US$ 3200/Per Person

 

 

PROGRAM INTRODUCTION:

This course provides participants a practical, hands-on approach to modern techniques in petroleum risk management and strategic decision-making. The techniques presented are applicable to all aspects of petroleum exploration and production – prospect evaluation, resource allocation, diversification, risk sharing, and corporate planning. This seminar helps participants develop problem solving, leadership, and functional skills necessary to manage the modern petroleum enterprise. This seminar is well suited for E&P managers, finance staff and managers, engineering managers, economics/planning personnel, as well as geologists and engineers. Seminar participants will find the concepts and techniques stimulating and beneficial – enabling them to apply risk and decision making concepts to their jobs. . . immediately.

PROGRAM OUTLINES:

  • Introduction

  • Modeling and Structuring Complex E&P Decisions

  • Decision Analysis - Utilizing Influence Diagrams and Decision Trees

  • Applications of Decision and Risk Analysis to the Petroleum Sector

  • Value of Information Concepts and its Application to the E&P Setting

  • The Value of Sensitivity Analysis and Monte Carlo Simulation in E&P

  • An Overview of Modern Finance Concepts and Investment Analysis

  • Portfolio Management - Models and Applications in the E&P Sector

  • Capital Projects as Real Options - Evaluating Investments

  • Corporate and Financial Risk Tolerance and E&P Decision Making

  • Implications of E&P Corporate Risk Taking and Performance

  • Incorporating Multiple Performance Objectives into Your Analysis

  • Integration - Working to Improve Performance 

 

WHO SHOULD ATTEND?

The Seminar is an advanced course designed for staff and middle-level to senior-level managers actively involved in a variety of functional levels in the petroleum industry. Oil company vice presidents of exploration and production, finance and planning, as well as exploration/engineering managers, economics/planning personnel, and financial managers will all find the Seminar stimulating and insightful. In additon, individuals performing similar functions in consulting firms as well as general managers from smaller companies will find the Seminar beneficial