Project Decision-Making in the Oil and Gas Industry

We regret to inform you that there are currently no scheduled sessions for this course, so please let us know your preferred date and location and we will contact you soon.

Course Introduction

This programme provides participants the advanced skills required to execute effective business strategies. Looking at the Project Sanctioning and Approval Process (PSAP), which allows the viability of a project to be measured with emphasis to time, cost benefit and value addition. Practical instruction will be provided on the relevant project processes and tools as well as consider the organisational structures to support the likelihood of future projects yielding desired result. This introduction to project sanctioning will lead into detailed planning and execution leading benefits being delivered.

Key areas covered include:

  • Project Sanctioning and approval Process. (PSAP)
  • Understand structural and systematic aspects of project planning and execution used on Oil and Gas projects.
  • Identify with and understand reasons for project failures and successes.
  • Comprehend how project success is identified and measured.
  • Gain familiarisation with project financing methods & Financial modelling

Objectives

At the end of this seminar, you will learn to:

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

Training Methodology

Seminar participants will receive a thorough training on the subjects covered with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. Project methodology includes an insight into organisational decision methods and short and long-term strategy considerations. The programme includes an evaluation of project leadership skills required and will evaluate an applicable case study, with group discussion and critical analysis of this and other actual Oil & Gas projects.

Who Should Attend?

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

  • Senior management decision makers
  • Commercial management
  • Financial management
  • Senior business services professionals who have the responsibility for projects and costs in client and contracting companies

The audience should be positioned to pursue and maintain competitive operational and business efficiency, revenue maximisation and profitability for the organisation.

Course Outline

Day 1: Day One Concepts of Project Management Intricacies of Project Approval in the Oil & Gas Industry

  • Projects and Programmes
  • Project Life Cycles and Stage Gates

Day 2: Day Two Project Context in the Oil & Gas Industry Strategic decision making through the Project Life Cycle Project Leadership Skills

  • 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

Day 3: Day Three Project financing and financial Modelling for Oil & Gas projects Evaluation mathematics in project finance

  • 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

Day 4: Day Four Identify reasons for Project failures and successes Starting with the End in Mind Project Management Integration

  • Project Feasibility Decision makers
  • Project Preparation & Planning responsibilities

Day 5: Day Five Project Stakeholder Engagement Preparing for Project Decommissioning

  • Build an executive leadership style that guides the project toward greater performance and profit
  • Understand the Project Organisation in a typical Oil & Gas project
  • Project Manager–Unique Requirements

Certificate

  • Copex Certificate of Attendance will be provided to delegates who attend and complete the course.
  • The applicable PMI Professional Development Units/Contact Hours will be reflected in the Certificate of Attendance

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Whats Makes Copex Courses Unique?

COPEX Training is your gateway to professional growth, with over 20 years of experience turning potential into success. Each year, we deliver over 1,000 courses in 50+ countries, earning a stellar 98% satisfaction rate. Trusted by global giants like BP, the United Nations, and HSBC, we partner with top certification bodies to provide career-focused training that empowers individuals and drives organizational breakthroughs. Our mission? To transform the way professionals learn and grow in today’s fast-changing industries. Through expert insights, cutting-edge methods, and hands-on approaches, we equip you with the skills and confidence to tackle challenges, seize opportunities, and thrive in your career.

Led by a passionate leadership team and supported by a network of world-class trainers, COPEX Training connects professionals worldwide with life-changing opportunities. We are committed to excellence, ensuring every participant leaves with the tools, expertise, and confidence to conquer an ever-evolving world.

Related Categories

Project Management (PM)

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Our cancellation policy varies depending on the circumstances presented. Generally, cancellations must be initiated in formal writing at least 14 days prior to the commencement date of the training course. Further, the option to shift an existing registration to another training course on a later date is possible. Otherwise, a full refund will be initiated.

Our training courses courses are being held at five-star hotels in prime and iconic destinations across the globe. Cities such as Amsterdam, Barcelona, Dubai, Geneva, Istanbul, Kuala Lumpur, London, Houston, New York, Paris, Vienna, Zurich, etc.

Our training courses will run for 5 hours per day. The standard daily timing is from 8:30 am – 3:30 pm including the coffee/tea breaks and lunch.

The training course fee can be settled by either:

  • Bank transfer
  • Credit Card

Published training course fees are inclusive of the training venue, training manual, writing materials, lunch and coffee breaks with refreshments over the entire duration of the training course.

Upon successful registration, processing window will take not more than 24 hours from the time of registration. An email including the registration confirmation, invoice and joining instructions will be sent to the provided email address.

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At Copex Training, we offer customizable courses designed to fit your specific needs. whether it's refining procurement practices or enhancing leadership and management skills, we tailor our programs to meet your unique goals and challenges. Let us create a training solution that delivers real results for your team.

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