Petroleum Project Economics and Risk Analysis

Mechanical, Maintenance & Reliability · 5 Days · Public · Al-Khobraa certified · From USD 3,900

Overview

This training course provides practical guidance in the application of the techniques of the economic analysis currently used in the Oil & Gas industry. When executing a petroleum related project, one should be able to choose the best alternative from an economic point of view, as well as to properly evaluate various investment opportunities by determining economic indicators and sensitivity analysis. Techniques for predicting profit, production costs, and cash flow, enable the analyst to evaluate decision alternatives for optimum results.

Learning Objectives

• Understand various economic terms used in the Oil & Gas industry
• Understand how to develop economic models of various petroleum fiscal regimes
• Carry out cash flow analysis, different economic analyses for petroleum related project and determine economic indicators
• Evaluate and quantify risks and uncertainties
• Make the right investment decision in the presence of risk
• Carry out a comprehensive economic evaluation study for any petroleum related project including risk analysis and sensitivity study using spreadsheet
• Contribute to the petroleum project investment within a solid economic system and do a detailed economic evaluation
• Contribute to the decision-making process for any petroleum related project

Who Should Attend

This Petroleum Project Economics & Risk Analysis training course is designed to provide technical and practical approaches to executing a petroleum related project in upstream sector. This training course is suitable to a wide range of professionals but will greatly benefit: Oil & Gas Field Engineers Oil & Gas Managers Oil & Gas Auditors Oil & Gas Planners Financial Analysts Project Management Professionals

• Oil & Gas Field Engineers
• Oil & Gas Managers
• Oil & Gas Auditors
• Oil & Gas Planners
• Financial Analysts
• Project Management Professionals

Course Outline

Day 1 — Cash Flow Analysis

• Familiarization with Economic terms
• Depreciation Methods
• Loss Carry Forwards
• Inflation

Day 2 — Economic Indicators

• Present Value Concept
• Economic Indicators Definitions Payback Period
• Profit/Investment Ratio
• Discount Factor

Day 3 — Risks and Uncertainties

• Risk & Uncertainty
• Expected Value Concept
• Decision Tree Analysis
• Farm-out Decision

Day 4 — Setting up Spreadsheet Calculation

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

Day 5 — 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
• Economic indicators used in decision policy, features, pitfalls to avoid

Accreditation

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

Dates & Venues

Dates	Venue	Delivery	Duration	Fee (USD)
27 September – 1 October 2026	Kuala Lumpur, Malaysia	Public	5 days	4,500
1–5 November 2026	Riyadh, KSA	Public	5 days	3,900
28 December – 1 January 2027	Accra, Ghana	Public	5 days	4,500

Enquire about Petroleum Project Economics and Risk Analysis · Enquire on WhatsApp

Frequently Asked Questions

What do Al-Khobraa mechanical, maintenance and reliability courses cover?

The portfolio covers reliability-centred maintenance (RCM), preventive and predictive maintenance, condition monitoring and vibration analysis, root cause failure analysis, rotating and static equipment, asset management and maintenance planning — including preparation for the CMRP (Certified Maintenance & Reliability Professional) credential.

Who should attend a mechanical, maintenance or reliability course?

These courses suit maintenance and reliability engineers, maintenance planners and schedulers, mechanical and rotating-equipment technicians and supervisors, condition-monitoring analysts, asset and plant managers, and operations staff accountable for equipment availability.

How long are mechanical, maintenance and reliability courses, and where are they held?

Most Al-Khobraa mechanical, maintenance and reliability 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 mechanical, maintenance and reliability training be delivered in-house for our team?

Yes. Any Al-Khobraa mechanical, maintenance and reliability 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.

Related Mechanical, Maintenance & Reliability Courses

• The 10-Day API 510: Pressure Vessel Inspection Code (API Exam Preparation Training)
• AC Electrical Motors & Drives: Troubleshooting, Maintenance & Protection
• Achieving Excellence in Asset Integrity Management
• Advanced Heavy Lifting and Transportation Techniques for Onshore and Offshore Projects
• Advanced Infrared Thermography Training Course
• Advanced Maintenance Management: Identify Great Opportunities to Optimize Asset Performance
• Advanced Maintenance Management - SMRP Certification
• Advanced Maintenance Metrics and Key Performance Indicators

Browse all Mechanical, Maintenance & Reliability training courses