| Code | Date | Venue | Fee($) |
|---|---|---|---|
| UBP315 | 24-28 Nov 2025 | Port Harcourt | 1,500 |
Why Choose this Training Course?
The upstream oil and gas industry remains capital intensive and to sustain production, large amounts of capital investment and management is needed.
Asset management is a challenge on how to improve production output and oil recovery factors given the current environment and impending risk. The management of upstream investments and portfolio is driving growth through the maximization of profit and minimization of risks to achieve the most profitable return from the management of the asset over it’s lifetime. This course will highlight:- Overview of upstream investment and portfolio management.
- Field development decisions
- Asset optimization
Training Objectives
What are the Goals?
The objective of this training course is to develop your ability to manage upstream assets effectively. At the end of this training course, participants will be able to:
- Define risk and uncertainty in technical & business opportunities.
- Explain the scope of upstream asset management and integration.
- Utilize a range of tools to combine uncertainties & quantify risk.
- Explain asset optimization.
- Understand the impact of portfolio management in risk and uncertainty.
The course exposes participants to cashflow anaylsis, fiscal systems, types of money, decision analysis, acquisition and divestment, sensitivity analysis, exploration economics, value of information, decommissioning economics, Upstream oil and Gas portfolio characterisation.
Participants are given the opportunity to test their understanding using several in-class exercises and some introduction to monte-carlo analysis using @RISK.
Target Audience
Who is this Training Course for?
This training course is suitable to a wide range of professionals but will greatly benefit:
- Asset Managers
- Operation Managers
- Petroluem Engineers
- Planning Managers
- Well Engineers
- Contract Managers
- Project Engineers
- Financial Managers
- HSE Managers
- Team Leaders & Supervisors
Training Methods
How will this Training Course be Presented?
The instructor will utilize a variety of proven adult learning, teaching and facilitation techniques. Teaching methodology will be classroom-style with highly interactive, exercises and case studies.
Organisational Impact
The organisational impact will be demonstrated by the employees participating in this training course::
- Understanding upstream asset management to support company objective
- Developing of a skilled workforce to create project investment analysis
- Developing the ability to make decision.
- Optimizing assets to help drive growth and profitability.
Personal Impact
Upon completion of this training, participants will gain:
- Knowledge of the upstream asset management.
- Ability to carry out project investment analysis.
- Ability to proactively identify and manage sources of risk.
- Improved skills in decision making in upstream portfolio management.
- Ability to optimize upstream assets.
Daily Agenda
Day One:
- Casflow Analysis
- Value and Discounting
- Inflation
- Screen criteria
- Project sensitivity
Day Two:
- Breakeven price & Tariffs
- Petroleum Contracts & Agreement
- Decision Trees
- Exploration Economics
- Value of Information
Day Three:
- Acquistion and Divestment.
- Introduction to probabilistics
- Look-back analysis/Value Tracking.
- LNG business Overview.
- Introduction to modeling.
Day Four:
- Characteristics & key criteria for measuring portfolio.
- Portfolio Risk Management.
- Portfolio Optimization.
- The value of balancing and diversifying assets in a portfolio.
- Key criteria for measuring portfolio performance.
Day Five:
- Influence of drivers - corporate, financial, and strategic.
- Benefits of stochastic portfolio valuation modeling.
- The value of optionality associated with certain assets.
- Utilizing a model to assess strategic options and quantify goals.