Project Decision Making in the Oil and Gas Industry

Oil, Gas & Petroleum · 5 Days · Public · Al-Khobraa certified · From USD 3,900

Overview

Do the decisions made within your project organization provide clear direction for future projects? Large-scale projects in the oil and gas industry today face significant challenges, as they grow increasingly complex, innovative, and technologically demanding. It is crucial to ensure proper project selection, with clear benefits defined and understood from the outset, and thorough planning to support successful delivery. Making sound, informed project decisions is a critical task for organizations, though it can be difficult to execute effectively.

Learning Objectives

• Identify with relevant stakeholders and communication needs in the Oil & Gas industry
• Understand key contextual requirements within the project environment
• Accurately estimate and allocate project costs and associated benefits
• Systematically define, design, and integrate end-user requirements in the project decisions
• Understand how the time-value of money techniques help to support decisions
• Identify risk sources and learn how to mitigate potential risks and deal with uncertainty

Who Should Attend

This training course is suitable to a wide range of professionals but will greatly benefit:

• Project Management Professionals
• Commercial Management Professionals
• Contracts Management Professionals
• Financial Management Professionals
• All other business services professionals

Course Outline

Day 1 — Concepts of Project Management

• Projects and Programs
• Project Life Cycles and Stage Gates
• Project Sanctioning and approval Process. (PSAP) for the Oil & Gas Industry
• Development of the Strategic Project Business Case

Day 2 — 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
• Project Feasibility Decision makers

Day 3 — 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
• The time value of money – how it applies to project finance

Day 4 — Identify Reasons for Project Failures and Successes

• Understand why some projects fail
• Gain an understanding of successful projects and analyse reasons for success
• Define success criteria and KPI’s of an example Oil & Gas project
• Capture Project Requirements

Day 5 — Project Stakeholder Engagement

• Identify and plan to engage with the project’s key stakeholders
• Centralised vs. Participatory Monitoring
• Optimal Project Review Types and Intervals
• Control Decision-making

Accreditation

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

Dates & Venues

Dates	Venue	Delivery	Duration	Fee (USD)
20–24 September 2026	Istanbul, Turkey	Public	5 days	4,500
22–26 November 2026	Dubai, UAE	Public	5 days	3,900
7–11 December 2026	Marrakech, Morocco	Public	5 days	4,500

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Frequently Asked Questions

What do Al-Khobraa oil, gas and petroleum courses cover?

The portfolio spans the full value chain: upstream exploration, drilling and well control; midstream processing, pipelines and gas treatment; and downstream refining and petrochemicals — plus process safety management (PSM), HAZOP studies, corrosion control and plant operations. Trainers are practitioners from the sector.

Who should attend an oil, gas and petroleum course?

These courses suit process, production and petroleum engineers, plant and field operators and supervisors, maintenance and inspection staff, HSE and process safety professionals, and technical or commercial staff joining the sector from another industry.

How long are oil, gas and petroleum courses, and where are they held?

Most Al-Khobraa oil, gas and petroleum 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 oil, gas and petroleum training be delivered in-house for our team?

Yes. Any Al-Khobraa oil, gas and petroleum 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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