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Decision Making in the Upstream Oil and Gas Industry

An Interactive 5-Day Training Course

Decision Making in the Upstream Oil and Gas Industry

The Know-How in Creating High Quality Decisions in Complex Upstream Projects

NASBA
Classroom Schedule
Date Venue Fees
02 - 06 Feb 2026 Dubai $ 5,950
13 - 17 Jul 2026 Dubai $ 5,950
19 - 23 Oct 2026 London $ 5,950
09 - 13 Nov 2026 Dubai $ 5,950
21 - 25 Dec 2026 Dubai $ 5,950
04 - 08 Jan 2027 Kigali $ 5,950
01 - 05 Feb 2027 Dubai $ 5,950

Introduction

Participants on this training course will gain a good understanding of how management functions and project teams within oil and gas companies collaborate to make good (high quality) decisions.

This Decision Making in the Oil & Gas industry training course highlights the contributions of the wide range of scientific, technical, commercial and business disciplines that contribute to making complex decisions, involving very large investments, while dealing with large amounts of uncertainty.

This training course is designed to equip early- and mid-career professionals, from all disciplines, for working within integrated, multi-disciplinary teams on international development projects, and for future oil business leadership roles.

Objectives

By the end of this training course, participants will:

  • Understand how critical decisions, involving large numbers of variables, and large amounts of uncertainty, are made by multi-disciplinary teams within international oil and gas companies
  • Have practical skills and work tools that will be of direct use to them in their future project work
  • Understand the background to the industry, and the underlying science of oil and gas formation
  • Recognise the importance of effective early planning decisions (concept selection and ‘front-end loading’) in delivering successful projects

Training Methodology

The training course is both practical and theoretical, and is delivered by means of:

  • Interactive presentations and tutorials
  • Team and individual workshop exercises
  • Onscreen worked examples
  • Videos and posters
  • Debates and discussions
  • Guided self‐study and research
  • Quizzes
  • Case studies

While performing the workshop exercises, participants will gain experience in the use of online (cloud) team collaboration information tools and strategies that are becoming key to professional development in this era of fast-evolving technology, fast-track projects, online collaboration, joint decision making, and ‘information overload’.

Who should Attend?

The training course is relevant to early and mid-career professionals, from all backgrounds, who wish to prepare for working with or within oil company project teams or strategic management functions, and for future business leadership roles.

This training course is particularly suitable for oil and gas professionals who want to:

  • Prepare for greater involvement and leadership roles in field development, strategic management and decision making
  • Equip themselves for working within close-knit, value-focused, multi-disciplinary, fully-integrated asset development teams working on complex, large-scale projects
  • Gain an understanding of the very broad scope of field development engineering, and the complexity and challenges of facilities engineering on mega projects
Course Outline
Day 1

Overview and Context to Decision making in the Upstream Sector

  • The industry context to decision making. The upstream oil and gas industry from various key ‘perspectives’, such as the oil and gas asset lifecycle, the value chain, the industry players, and the place in society.
  • The professional context to decision making. Overview of the fundamental geoscience and engineering disciplines, which form the basis upon which decisions are made, including geophysics, petrophysics, reservoir engineering, well engineering and facilities engineering.
  • Decision making in the upstream oil and gas industry. Overview of the science, culture, practice and challenges of decision making in the upstream oil and gas sector, including dealing with incomplete information and uncertainty.
Day 2

Decision Making, Field Development Planning and Economics

  • Multi-scenario field development planning as basis for decision making. How the integrated, team, drawn from all disciplines (commercial, scientific and engineering) collaborate to identify the candidate development scenarios, which become the input to the decision making process.
  • Petroleum economics for decision making. The role of petroleum economics in the analysis of oil and gas development scenarios, in order to identify the most profitable, and the one with the best fit to the company business, including the use of cash flow analysis, time value of money and investment indicators.
  • Decision making workshop. Participants work individually, or in teams, on realistic field development planning, economics and decision making exercises.
Day 3

Decision Analysis and Portfolio Management

  • Decision Analysis. How the integrated field development team make complex decisions, involving many different types of input parameters, in order to ensure that very large investments are made rationally and efficiently, using tools such as expected value, sensitivity analysis, decision trees and Monte Carlo simulation.
  • Portfolio Management. Advanced economics and decision making methodologies, originating in the financial (stocks and shares) industry, increasingly finding application for the strategic management of portfolios of oil and gas assets, including: Portfolio Theory, Options Theory and Preference (Utility) Theory.
  • Decision Making Workshop. Participants work individually, or in teams, on realistic field development planning, economics and decision making exercises.
Day 4

Types of Production Contract and their Relevance to Decision Making

  • Production contracts & licences. The legal, fiscal and contractual conditions under which an oil company acquires the right to produce oil or gas, and the way that the revenue and wealth is shared with the host country.
  • Petroleum resources management. How quantities of oil and gas in the reservoir (reserves and resources) are calculated, classified and reported in a consistent manner for management, regulatory and investment and purposes.
  • Decision making workshop. Participants work individually, or in teams, on realistic field development planning, economics and decision making exercises.
Day 5

How Safety and Environmental issues impact Decision Making

  • Corporate responsibility. How oil and gas projects are executed in a safe and sustainable manner, with due respect for the environment, and it a way that benefits the local communities in which activities take place, covering topics such as: safety, environmental impact and social licence to operate.
  • Decision making workshop. Participants work individually, or in teams, on realistic field development planning, economics and decision making exercises. 
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

KHDA
NASBA

In Association With

Options & Brochure
Related Courses
Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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