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Seminars

Project Decision Making in the Oil & Gas Industry



Introduction:


Does your project organization’s decisions provide clear guidance to future projects? Today, large projects in the oil and gas industry face daunting challenges as they become increasingly complex, innovative and technologically demanding. It is important that the correct project selection is made, with benefits clearly set out and understood at the outset and the project planned well to support good delivery.

 

Making good, solid project decisions is extremely important task for organizations, but not an easy thing to do. This course offers an insight into decision-making procedures in a step-by-step manner. It presents decision-analysis, using decision criteria and information of varying types and quality. It covers the decision alternatives, as well as the goals and objectives that guide decision-making. This course will feature:

 

  • How to establish the key requirements necessary to support Oil& Gas project approval
  • The need to undertake Front End Design & Survey in an Oil & Gas environment
  • How Oil & Gas organizations ascertain the strategic fit and relevant options for project delivery

Course Objectives:


By the end of this course, delegates will be able to:

 

  • Understand how the time-value of money techniques help to support decisions
  • Systematically define, design, and integrate end-user requirements in the project decisions
  • 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
  • Identify risk sources and learn how to mitigate potential risks and deal with uncertainty

Who Should Attend?


Construction Engineers, Senior Construction Engineers, Construction Supervisors, Construction General Supervisors, Construction Project Managers, Engineering Technologists, Supervision Engineer, Inspection Engineers, Civil Inspectors, Foremen, Design Structural Engineers, Planners, Structural Engineers, Material Specialists, Quality Control and Quality Assurance Experts, Architects, Supervision Engineers, Team Leaders, Site Officers and Managers, Mechanical Engineers, Technical Professionals, Field Production Supervisor, Operation Engineers, Clients Representatives, Project Management Professionals, Commercial Management Professionals, Contracts Management Professionals, Financial Management Professionals, business services professionals who have the responsibility for planning, decision-making and controlling project schedules and costs in client and contracting companies

Course Outline:


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

COURSE LOCATIONS

Code From To City Fee
CE33 13 Jan 2020 17 Jan 2020 Kuala Lumpur US$ 4500 Book
CE33 09 Mar 2020 13 Mar 2020 Istanbul US$ 4500 Book
CE33 11 May 2020 15 May 2020 Bali US$ 5500 Book
CE33 27 Jul 2020 31 Jul 2020 London US$ 5000 Book
CE33 21 Sep 2020 25 Sep 2020 Barcelona US$ 5500 Book
CE33 09 Nov 2020 13 Nov 2020 Munich US$ 6000 Book


DUBAI OFFICE

Ittihad Deira Building,
Al Ittihad Rd, Deira
Dubai,
UAE

info@petrogas-training.com

USA OFFICE

642 E14 Street,
10009-13 Manhattan,
New York (NY)
USA

info@petrogas-training.com

EGYPT OFFICE

52 General Kamal Hejab Street,
Suez Bridge,
Cairo,
Egypt

info@petrogas-training.com
 

COURSE CERTIFICATE

Certificate of Completion will be provided to the candidate(s) who successfully attend and complete the course. Training hours attendance percentage of 75% is required.


TRAINING HOURS

Standard course hours: 8:30 A.M. to 3:30 P.M. Informal discussions: 4:30 P.M. to 5:30 P.M.


TRAINING METHODOLOGY

We use a blend of interactive and hands-on methods, active participation, a variety of instructional techniques, dynamic presentations, individual and group exercises, in depth discussion, DVD’s, role-plays, case studies, examples. All of the information, competencies, knowledge and skills acquired within our training programs, are 100% transferrable to the participants’ workplace.


ASSESSMENT & EVALUATION

Pre-Test and Post-Test Assessment are applied on 5-day and 10-day programs. Also, post course evaluation and candidate’s evaluation are applied to add another level of quality measurement. Candidates’ feedback is highly appreciated to elevate the training service quality.


ORGANIZATIONAL IMPACT

A- Have staff trained in the latest training and development approaches

B- Support nationalization and talent management initiatives

C- Have properly trained and informed people who will be able to add value

D- Gain relevant technical knowledge, skills and competencies


PERSONAL IMPACT

A- Develop job related skills

B- Develop personal skills in subject matter

C- Have a record of your growth and learning results

D- Bring proof of your progress back to your organization

F- Become competent, effective and productive

G- Be more able to make sound decisions

H- Be more effective in day to day work by mastering job-related processes

I- Create and develop competency to perform job well


FREQUENT NOMINATIONS SCHEME

A- 10% discount after 05 candidates’ registration.

B- 15% discount after 10 candidates’ registration.    

C- 20% discount after 20 candidates’ registration.

D- 25% discount after 25 candidates’ registration.

E- 30% discount after 30 candidates’ registration

F- Higher discount rates will be offered based on work volume with different clients.  


SEVERAL NOMINATIONS ON THE SAME COURSE SCHEME

A- One extra free seat is offered on 4 candidates on the same course and dates.

B- Two extra free seats are offered on 6 candidates on the same course and dates.

C- Three extra free seats are offered on 8 candidates on the same course and dates.

D- Four extra free seats are offered on 10 candidates on the same course and dates.

E- Five extra free seats are offered on 12 candidates on the same course and dates.


REGISTRATION POLICY

Nominations to our public courses are to be processed by the client’s Training and/or HR departments. A refund will be issued back to the client in the event of course cancellation or seat unavailability. A confirmation will be issued to the relevant department official(s). 


CANCELLATION POLICY

If a confirmed registration is cancelled less than 5 working days prior to the course start date, a substitute participant may be nominated to attend the same course or a 20% cancellation charge is applied. In case of a no-show, a 100% fee will be charged.


PAYMENT POLICY

Payment is due upon receiving the course confirmation, invoice and/or proforma invoice. However; the fee due can be wire transferred to our bank account directly after course completion. Our bank details are illustrated on the confirmation, invoice and proforma invoice, as well. The above documents can be communicated electronically, i.e., in a soft copy or/and in hard copy based on customer’s request.


COPYRIGHT

© 2017. Material published by PETROGAS shown here is copyrighted. © 2017. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing in any medium, transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.