Key elements of the course:
- Foundation topics in oil and gas
- The energy renaissance and impact on the global energy outlook and competitive landscape
- Key issues in oil and gas finance and accounting
- Analysing petroleum companies financial statements and competitive benchmarking
- Best practices in advanced capital budgeting and risk analysis in the oil and gas industry
- Horizontal drilling case study capital budgeting and risk analysis for oil shale project
- Derivatives and energy risk management
- Accounting for derivatives
- Best practices in valuation of mergers and acquisitions in the energy industry
- Case studies in all topics covered for both upstream and downstream
- Strategies to maximise value in the global oil and gas value chain
- Receive a copy of the new book: 'Energy Finance and Economics: Analysis and Valuation, Risk Management and the Future of Energy' - edited and co-authored by the course instructor
Finance and accounting are two of the core management functions in all organisations. The maximisation of financial resources is a key factor for success. However, in the challenging oil and gas industry, the rapid changes in geopolitics and economic conditions have brought forth many more risk factors in the competitive landscape. These factors have caused the industry to be one of the world’s most challenging and complex business environments.
There is a need for risk identification and financial management to be grounded in timely, accurate forecasts and performance data. It is crucial that leaders in the oil and gas industry be equipped with wide-ranging knowledge in finance and accounting to achieve strategic planning and decisionmaking. This five day course will give participants expertise to assist in achieving long-term success to enhance your company’s competitive performance.
The course is taught in a highly interactive manner with an emphasis on participant questions and inquiry. The course instructor offers considerable flexibility in exploring some topics further than planned, while de-emphasising other topics if the group prefers.
Practical applications and minicases are frequently used along with participant exercises. All delegates will have the option to receive a copy of 'Energy Finance and Economics: Analysis and Valuation, Risk Management, and the Future of Energy' (forthcoming in 2012, published by Wiley), edited and co-authored by the course instructor.