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Upstream Petroleum Economics, Risk and Fiscal Analysis

An Interactive 5-Day Training Course

Upstream Petroleum Economics, Risk and Fiscal Analysis

Maximizing Profitability and Managing Risks in theUpstream Oil and Gas Industry

NASBA
Classroom Schedule
Date Venue Fees
02 - 06 Feb 2026 London $ 5,950
15 - 19 Jun 2026 London $ 5,950
07 - 11 Sep 2026 Dubai $ 5,950
14 - 18 Sep 2026 Lisbon $ 5,950
21 - 25 Dec 2026 Dubai $ 5,950
01 - 05 Feb 2027 London $ 5,950

Introduction

This Upstream Petroleum Economics, Risk and Fiscal Analysis training course aims to provide participants with a thorough understanding of the fundamental economic and financial concepts that drive the upstream oil and gas industry. The training course will cover upstream petroleum economics, risk management, and fiscal analysis. Participants will learn how to analyze and manage risks associated with exploration, production, and investment activities and conduct financial analysis to evaluate the profitability of different projects.

The Upstream Petroleum Economics, Risk and Fiscal Analysis training course will also include case studies and practical exercises to ensure participants can apply the concepts learned in real-world situations.

By the end of this GLOMACS Upstream Petroleum Economics, Risk and Fiscal Analysis training course, participants will be able to:

  • Understand the critical economic and financial concepts that drive the upstream oil and gas industry, including the upstream petroleum value chain, fiscal systems, and financial metrics.
  • Analyze and manage risks associated with upstream oil and gas operations, including exploration, production, and investment activities.
  • Conduct financial analysis to evaluate the profitability of different projects, using techniques such as cash flow analysis, time value of money, and sensitivity and scenario analysis.
  • Evaluate and select profitable projects using capital budgeting techniques and investment criteria.
  • Apply the concepts learned in real-world situations by analyzing case studies and participating in practical exercises.
  • Communicate effectively with other teams and organizational stakeholders, using a common language and understanding of key economic and financial concepts.
  • Enhance their skills and knowledge of upstream petroleum economics, risk management, and fiscal analysis to improve their career prospects and contribute more effectively to their organization.

Training Methodology

The Upstream Petroleum Economics, Risk and Fiscal Analysis training course will be delivered through lectures, case studies, group discussions, and practical exercises to ensure a comprehensive understanding of the key concepts and their practical application.

Organisational Impact

  • Improved decision-making: Participants will learn how to evaluate and manage risks associated with upstream oil and gas operations, enabling them to make informed decisions about exploration, production, and investment activities.
  • Increased profitability: By conducting fiscal analysis, participants can identify profitable projects and avoid unprofitable ones, leading to increased profitability for the organization.
  • Improved communication: The course will provide participants with a common language and understanding of key economic and financial concepts, facilitating better communication and collaboration between different teams within the organization.

Personal Impact

  • Enhanced skills and knowledge: Participants will gain a deeper understanding of the economic and financial factors that drive the upstream oil and gas industry and practical skills for analyzing and managing risks and conducting fiscal analysis.
  • Improved career prospects: The course will enhance participants' expertise and make them more valuable to their organization, potentially leading to career advancement opportunities.
  • Increased confidence: By developing a solid understanding of economic and financial concepts, participants will feel more confident in contributing to their organization and making informed decisions.

Who should Attend?

The GLOMACS Upstream Petroleum Economics, Risk and Fiscal Analysis training course is ideal for:

  • Project Managers: Project managers involved in upstream oil and gas projects who are responsible for managing project budgets, timelines, and risks.
  • Finance Professionals: Finance professionals who work in the oil and gas industry, including financial analysts, controllers, and accountants. These professionals need to understand the industry's critical economic and financial concepts to provide accurate financial information and analysis.
  • Senior Executives: Senior executives, including CEOs, CFOs, and COOs, who want to gain a deeper understanding of the financial and economic aspects of the upstream oil and gas industry to make informed decisions and manage risks.
  • Exploration and Production Professionals: Exploration and production professionals, including geologists, reservoir engineers, and production engineers, must understand the financial implications of their decisions and activities.
  • Government Regulators: Government regulators overseeing the upstream oil and gas industry need to understand the fiscal and economic impact of their policies and regulations.
  • Investment Professionals: Investment professionals involved in upstream oil and gas investments, including private equity investors, venture capitalists, and investment bankers.
Course Outline
Day 1

Introduction to Upstream Petroleum Economics

  • Overview of the Upstream Oil and Gas Industry
  • Basic economic concepts and principles
  • Overview of the upstream petroleum value chain
Day 2

Risk Management in Upstream Petroleum

  • Understanding risk and uncertainty
  • Types of Risks in upstream oil and gas operations
  • Risk management strategies and tools
Day 3

Fiscal Analysis in Upstream Petroleum

  • Overview of fiscal systems in the Oil and gas industry
  • Key financial metrics for evaluating upstream projects
  • Fiscal Analysis Techniques for Decision-making
Day 4

Project Economics

  • Estimating project costs and revenues
  • Cash flow analysis and time value of money
  • Sensitivity and scenario analysis
Day 5

Investment Analysis

  • Capital budgeting techniques
  • Investment criteria and Decision-making
  • Portfolio management and diversification
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

NASBA

In Association With

Petroknowledge

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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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Oil & Gas

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