Managing Risks and Strategic Decisions in Petroleum Exploration and Production
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Managing Risks and Strategic Decisions in Petroleum Exploration and Production Course
Introduction:
This five-day seminar 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.
Course Objectives:
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.
Who Should Attend?
All Professional working in production and exploration field.
Course 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
