Advanced Financial Modeling for Oil & Gas

Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 3,900

Overview

The Financial Modeling for Oil & Gas Course is designed to strengthen the advanced modelling capabilities required to support financial decisions across exploration, production, and large-scale energy projects. As the Oil & Gas sector faces volatile prices, complex investments, and continual market pressures, the ability to build accurate financial models is essential for reliable planning, forecasting, and risk evaluation.

Learning Objectives

• Make informed financial decisions using advanced financial models
• Build a range of Excel-based models for financial statements, performance evaluation, capital investment, and project analysis
• Apply modern tools and techniques to analyse financial data accurately
• Manage sales, costs, pricing variables, and financial risks through modelling
• Prepare, use, interpret, and report advanced financial models effectively

Who Should Attend

This Financial Modeling for Oil & Gas Course is designed for professionals involved in decision-making, project evaluation, or financial analysis within the energy sector. It is particularly valuable for those seeking to sharpen their modelling abilities and apply best practices in financial evaluation. It will greatly benefit: Professionals seeking to strengthen their finance knowledge Individuals needing advanced financial modelling skills Decision makers who rely on financial models for project evaluation Managers responsible for financial oversight Professionals involved in managing or monitoring Oil & Gas projects

• Professionals seeking to strengthen their finance knowledge
• Individuals needing advanced financial modelling skills
• Managers responsible for financial oversight

Course Outline

Day 1 — Foundations of Finance

• Financial & Management Accounting
• Developing Financial Statements – Income Statement, Balance Sheet (Statement of Financial Position) & Cash flow Statements
• Financial Performance using Ratio Analysis
• Management Accounting – developing budgets

Day 2 — Financial Modelling

• Forecasting the Income Statement, Balance Sheet (Statement of Financial Position) & Cash flow Statements
• Budgeting Models
• Purchase Decisions
• Modelling Finance Decisions – Equity or Debt and the Cost of Capital

Day 3 — Modelling the Financial Performance of Oil & Gas Projects

• Variance Analysis
• Critical Path Analysis – Financial & Manpower implications
• GANTT Charts
• Earned Value Analysis

Day 4 — Estimation Models - Income, Costs, Risks & Economic Variables (Oil Prices, Exchange Rates & Interest Rates)

• Cost Estimation – Incremental; Inflation, PERT, Supply & Demand factors
• Forecasting using Statistical Methods in Excel – Time Series Analysis, Exponential Smoothing, Correlation & Regression Analysis
• Risk Measurement using – Probability Analysis, Correlation & Beta
• Forecasting Oil Prices using statistical models

Day 5 — Models to Assess Growth Strategies

• Evaluating growth strategies
• Models to simulate growth strategies
• The dangers of Overtrading
• Examining the impact on Working Capital

Accreditation

Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.

Dates & Venues

Dates	Venue	Delivery	Duration	Fee (USD)
18–22 October 2026	Riyadh, KSA	Public	5 days	3,900
29 November – 3 December 2026	Istanbul, Turkey	Public	5 days	4,500

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Frequently Asked Questions

What do Al-Khobraa finance and accounting courses cover?

The portfolio covers IFRS (International Financial Reporting Standards) and IPSAS, financial analysis and reporting, budgeting and forecasting, cost and management accounting, accounts payable and receivable, internal controls and audit, and finance for non-finance managers.

Who should attend a finance and accounting course?

These courses suit accountants and financial analysts, finance managers and controllers, budgeting and planning staff, internal auditors, accounts payable and receivable teams, and non-financial managers who own a budget or read financial statements.

How long are finance and accounting courses, and where are they held?

Most Al-Khobraa finance and accounting courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.

What certificate will I receive?

Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.

Can finance and accounting training be delivered in-house for our team?

Yes. Any Al-Khobraa finance and accounting course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.

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