Decision Support Systems for Oil and Gas Projects
Select Other "city & date"
Decision Support Systems for Oil and Gas Projects Course
Introduction:
Decision-making support systems (DMSS) methods are widely used for technical, economic, social and environmental assessments within different energy sectors, including upstream oil and gas, refining and distribution, petrochemical, power generation, nuclear power, solar, biofuels, and wind.
Course Objectives:
At the end of this Decision Support Systems for Oil and Gas Projects course, you will learn to:
- Systematically define, design, and integrate end-user requirements in the project decisions
- Examine & understand key contextual requirements within the project environment
- Identify risk sources and learn how to mitigate potential risks and deal with uncertainty
- Accurately estimate and allocate project costs and associated benefits
- Analyze & understand how the time-value of money techniques help to support decisions
Who Should Attend?
Decision Support Systems for Oil and Gas Projects course is suitable to a wide range of professionals but will greatly benefit:
- Senior management decision makers
- Commercial management
- Financial management
- Senior business services professionals who have the responsibility for projects and costs in client and contracting companies
Course Outlines:
Concepts of Project Management
- Projects and Programs
- Project Life Cycles and Stage Gates
Intricacies of Project Approval in the Oil & Gas Industry
- Project Sanctioning and approval Process. (PSAP) for the Oil & Gas Industry
- Development of the Strategic Project Business Case
- Project Identification–Awareness of accountability of Project Ideas
- Exploration Survey & Drilling
Project Context in the Oil & Gas Industry
- Appreciation of macro-environment in relation to project choice
- Understand who stakeholders are and how they may impact upon the project
- Regulatory framework, institutional factors and infrastructure
Strategic decision making through the Project Life Cycle
- Project Feasibility Decision makers
- Project Preparation & Planning responsibilities
Project Leadership Skills
- Build an executive leadership style that guides the project toward greater performance and profit
- Understand the Project Organization in a typical Oil & Gas project
- Project Manager–Unique Requirements
Project financing and Financial Modelling for Oil & Gas projects
- Project finance: Limited and non-recourse project finance
- Structuring project finance deals
- Financing/ credit risk considerations for the Oil & Gas project
Evaluation mathematics in project finance
- The time value of money – how it applies to project finance
- Yields and rate of return - Discounted Cash Flow (DCF) analysis
Identify reasons for Project failures and successes
- Understand why some projects fail
- Gain an understanding of successful projects and analyze reasons for success
Starting with the End in Mind
- Define success criteria and KPI’s of an example Oil & Gas project
- Capture Project Requirements
- Development of the Project Charter
Project Management Integration
- Understand the need for a project team approach
- Importance of communication in an Oil & Gas project
- Project Systems and Processes for procurement, award of contracts, workforce management
Project Stakeholder Engagement
- Identify and plan to engage with the project’s key stakeholders
- Centralized vs. Participatory Monitoring
Project Reporting Techniques
- Optimal Project Review Types and Intervals
- Control Decision-making
- Project Evaluation criteria
Preparing for Project Decommissioning
- Decommissioning and rehabilitation considerations
