Course schedules

Upcoming dates Classroom

Start date	End date	Location	Fee	Registration
5 Oct 2026	9 Oct 2026	Istanbul - Türkiye	€1,425 + VAT	→
16 Nov 2026	20 Nov 2026	London - United Kingdom	€2,125 + VAT	→
7 Dec 2026	11 Dec 2026	Barcelona - Spain	€1,925 + VAT	→
21 Dec 2026	25 Dec 2026	Istanbul - Türkiye	€1,425 + VAT	→
18 Jan 2027	22 Jan 2027	Amsterdam - Netherlands	€2,125 + VAT	→
15 Feb 2027	19 Feb 2027	Paris - France	€2,250 + VAT	→
15 Mar 2027	19 Mar 2027	Barcelona - Spain	€1,925 + VAT	→
19 Apr 2027	23 Apr 2027	London - United Kingdom	€2,100 + VAT	→

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5 - 9 October 2026 €1,050 + VAT → 16 - 20 November 2026 €1,050 + VAT → 7 - 11 December 2026 €1,050 + VAT → 21 - 25 December 2026 €1,050 + VAT → 18 - 22 January 2027 €1,050 + VAT → 15 - 19 February 2027 €1,050 + VAT → 15 - 19 March 2027 €1,050 + VAT → 19 - 23 April 2027 €1,050 + VAT →

Why Attend

Petroleum projects require massive capital investment, long development cycles, and are highly exposed to market volatility, technical uncertainty, and geopolitical risks. Effective economic evaluation and risk analysis are essential for making sound investment decisions in the oil and gas industry. This course equips participants with the tools to evaluate project feasibility, assess financial returns, and manage risk across the project lifecycle. It is designed to help professionals improve investment decision-making, optimize capital allocation, and enhance project profitability.

Course Objectives

Understand fundamentals of petroleum project economics
Evaluate upstream oil and gas project feasibility
Apply investment appraisal techniques such as NPV, IRR, and payback period
Analyze cost structures and cash flow models in petroleum projects
Identify and assess technical, financial, and market risks
Perform sensitivity and scenario analysis
Optimize investment decisions under uncertainty
Support strategic capital allocation decisions

Designed for

This program is intended for professionals involved in Oil and Gas.

Petroleum Engineers and Project Engineers
Finance and Investment Analysts in Oil & Gas
Project Managers and Cost Engineers
Reservoir and Production Engineers
Business Development and Strategy Professionals
Consultants and Energy Sector Professionals

Course Methodology

This course combines petroleum economics theory with practical, industry-based case studies. Participants will work through real project valuation scenarios, risk modeling exercises, and investment decision simulations. Workshops will focus on cash flow modeling, sensitivity analysis, and risk assessment techniques. Interactive discussions and group exercises will reinforce understanding of upstream project economics and uncertainty management.

Course content

Day1

Fundamentals of Petroleum Economics

Overview of petroleum project lifecycle
Structure of upstream oil and gas economics
Cost classification (CAPEX and OPEX)
Revenue streams in petroleum projects
Time value of money in energy investments

Day2

Investment Appraisal Techniques

Net Present Value (NPV) analysis
Internal Rate of Return (IRR)
Payback period and profitability index
Cash flow modeling fundamentals
Decision criteria for project selection

Day3

Cost Estimation and Financial Modeling

Capital cost estimation methods
Operating cost analysis
Building petroleum project cash flow models
Production profiles and decline curves
Economic life of oil and gas assets

Day4

Risk and Uncertainty Analysis

Types of risks in petroleum projects
Technical, operational, and market risks
Sensitivity analysis techniques
Scenario planning and decision trees
Monte Carlo simulation overview

Day5

Strategic Decision-Making and Case Studies

Portfolio management in petroleum investments
Risk-adjusted decision-making
Break-even analysis and price volatility impact
Case studies of real oil and gas projects
Final project: full economic and risk evaluation exercise

The certificate

SPARK Training Certificate of Completion is awarded to participants who attend and complete the full training course.