Course Overview
This intensive 5-day training course is specifically designed for energy analysts and finance professionals seeking to master the complexities of the oil and gas value chain. In an era of volatile oil prices and accelerating energy transition, the ability to accurately value upstream assets and manage risk is a critical competitive advantage. This program provides a rigorous deep-dive into the economic principles that govern investment decisions in the petroleum industry, from initial exploration through to decommissioning.
The curriculum balances technical economic modeling with strategic asset management frameworks. Participants will explore the mechanics of fiscal regimes, including Production Sharing Contracts (PSCs) and Concessionary systems, while mastering advanced valuation techniques like Net Present Value (NPV), Internal Rate of Return (IRR), and Expected Monetary Value (EMV). The course also addresses contemporary challenges such as carbon pricing, portfolio optimization, and the integration of ESG metrics into traditional petroleum economic analysis.
Upon the successful completion of this Advanced AML and KYC Compliance Certification for Banking Professionals participants will be able to:
ü Evaluate the commercial viability of upstream projects using sophisticated economic indicators.
ü Design and analyze various international fiscal regimes and their impact on project profitability.
ü Quantify technical and commercial risks using Monte Carlo simulations and decision tree analysis.
ü Optimize asset portfolios by balancing risk, return, and strategic alignment.
ü Apply asset management best practices to maximize the lifecycle value of petroleum investments.
Training Methodology
The course is designed to be highly interactive, challenging and stimulating. It will be an instructor led training and will be delivered using a blended learning approach comprising of:
ü High-impact interactive lectures with industry-leading practitioners
ü Hands-on Excel-based financial modeling workshops
ü Real-world case studies of global upstream asset acquisitions and divestments
ü Group breakout sessions for risk-assessment simulations
ü Daily Q&A sessions to bridge theory with current market trends
Our facilitators are seasoned industry professionals with years of expertise in their chosen fields. All facilitation and course materials will be offered in English.
Who Should Attend?
This Advanced AML and KYC Compliance Certification for Banking Professionals
would be suitable for, but not limited to:
ü Energy Investment Analysts and Financial Advisors
ü Petroleum Engineers and Geoscientists transitioning into management
ü Business Development Managers and Strategy Officers
ü Government Regulators and National Oil Company (NOC) officials
ü Corporate Finance Professionals in the Energy Sector
ü Portfolio Managers and Private Equity Associates
ü Asset Managers and Commercial Negotiators
Personal Benefits
ü Gain specialized expertise in high-level petroleum economic modeling.
ü Enhance your ability to make data-driven investment recommendations under uncertainty.
ü Broaden your career opportunities within the global energy finance and strategy sectors.
Organizational Benefits
ü Improve capital allocation efficiency through superior project screening and valuation.
ü Strengthen risk management frameworks to protect against price volatility and operational setbacks.
ü Align upstream investment strategies with long-term corporate and ESG objectives.
ü Course Duration: 5 Days
ü Training Fee
o Physical Training: USD 1,500
o Online / Virtual Training: USD 1,200
Module 1: Foundations of Upstream Petroleum Economics
ü The petroleum value chain: From exploration to abandonment
ü Key economic drivers: Oil and gas price forecasting and volatility
ü Understanding reserves classification (PRMS/SEC) and their economic impact
ü Time Value of Money (TVM) applications in long-term energy projects
ü Practical Session: Building a basic production profile and price deck in Excel.
Module 2: Valuation Metrics and Project Investment Criteria
ü Deep-dive into NPV, IRR, and Payback Period
ü Understanding Capital Efficiency and Profitability Index (PI)
ü The role of discount rates and Weighted Average Cost of Capital (WACC)
ü Comparison of project screening criteria across different company sizes
ü Practical Session: Calculating and comparing project rankings using different economic metrics.
Module 3: Global Petroleum Fiscal Systems and Contractual Frameworks
ü Overview of Concessionary (Tax/Royalty) systems
ü Introduction to Production Sharing Contracts (PSCs) and Service Agreements
ü Impact of Ring-fencing, Depreciation, and Investment Credits
ü Understanding the "Government Take" vs. "Investor Return"
ü Practical Session: Comparative analysis of a Concession vs. a PSC under varying price scenarios.
Module 4: Production Sharing Contracts (PSCs) and Economic Modeling
ü Cost Oil and Profit Oil split mechanics
ü The impact of R-Factors and sliding scales on project economics
ü Domestic Market Obligations (DMO) and their financial impact
ü Modeling tax holidays and carry-forward losses
ü Practical Session: Developing a full PSC economic model from scratch in Excel.
Module 5: Uncertainty and Risk Analysis in Upstream Projects
ü Distinguishing between technical risk and commercial uncertainty
ü Sensitivity analysis and Spider/Tornado diagrams
ü Decision Tree Analysis and Expected Monetary Value (EMV)
ü Introduction to Monte Carlo simulations for reserve estimation
ü Practical Session: Creating a Tornado diagram to identify the most critical project variables.
Module 6: Cost Engineering and Lifecycle Expenditure Management
ü Capex, Opex, and Abex (Abandonment Expenditure) trends
ü Cost escalation and inflation management in multi-year projects
ü Benchmarking drilling and facility costs
ü Economic impact of decommissioning and environmental liabilities
ü Practical Session: Designing an abandonment fund accumulation model.
Module 7: Strategic Asset Management and Portfolio Optimization
ü Principles of the Asset Management lifecycle (ISO 55000)
ü Managing "Mature Assets" vs. "Greenfield Projects"
ü Portfolio diversification: Geographic, product, and risk balancing
ü Divestment strategies and Farm-out economics
ü Practical Session: Portfolio optimization exercise to maximize NPV within a fixed capital budget.
Module 8: The Economics of the Energy Transition and Carbon Policy
ü Integrating Carbon Taxes and Pricing into petroleum models
ü The economics of CCUS (Carbon Capture, Utilization, and Storage)
ü Stranded assets and the impact of the Net-Zero transition
ü ESG reporting and its influence on project financing
ü Practical Session: Modifying a petroleum model to include carbon tax sensitivities.
Module 9: Financing Petroleum Assets and Capital Markets
ü Sources of funding: Reserve-Based Lending (RBL) vs. Project Finance
ü Equity financing and Joint Venture (JV) auditing
ü Credit risk assessment in the energy sector
ü Hedging strategies for price risk mitigation
ü Practical Session: Case study on a project finance structure for an offshore development.
Module 10: Decision Making and Negotiation Strategies for Energy Analysts
ü Behavioral economics in the boardroom
ü Presenting economic results to non-financial stakeholders
ü Negotiation tactics for Host Government Agreements
ü The role of the Energy Analyst as a strategic advisor
ü Practical Session: Final simulation: Defending a "Go/No-Go" decision to an executive committee.
About Our Trainers
Our trainers are seasoned petroleum economists and former heads of strategy from major international energy firms. With over 20 years of experience in high-stakes asset valuation and government negotiations across Africa, the Middle East, and Europe, they provide real-world insights that go beyond textbooks.
Quality Statement
Phoenix Center for Policy, Research and Training is committed to excellence. Our petroleum economics curriculum is NITA-approved and rigorously updated to reflect 2026 market conditions, ensuring that every participant leaves with practical, market-ready skills.
Tailor-Made Courses
We understand that every organization has unique challenges and opportunities as well as unique training needs. Phoenix Training Center offers tailor-made courses designed to address specific requirements and challenges faced by your team or organization. Whether you need a customized curriculum, a specific duration, or on-site delivery, we can adapt our expertise to provide a training solution that perfectly aligns with your objectives. We can customize this Course to focus on your industry, specific risk profile, or internal stakeholder dynamics. Contact us to discuss how we can create a bespoke training program that maximizes value and impact for your team. For further inquiries, please contact us on Tel: +254720272325 / +254737296202 or Email training@phoenixtrainingcenter.com
ü Participants should be reasonably proficient in English.
ü Applicants must live up to Phoenix Center for Policy, Research and Training admission criteria.
Terms and Conditions
ü Discounts: Organizations sponsoring Four Participants will have the 5th attend Free
ü What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.
ü Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.
ü The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.
ü Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.
Booking for Training
Simply send an email to the Training Officer on training@phoenixtrainingcenter.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training. Or call us on +254720272325 / +254737296202
Payment Options
We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:
ü Groups of 5 People and Above – Cheque Payments to: Phoenix Center for Policy, Research and Training Limited should be paid in advance, 5 days to the training.
ü Invoice: We can send a bill directly to you or your company.
ü Deposit directly into Bank Account (Account details provided upon request)
Cancellation Policy
ü Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.
ü Participants may cancel attendance 14 days or more prior to the training commencement date.
ü No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.
Accommodation and Airport Transfer
For physical training attendees, we can assist with recommendations for accommodation near the training venue. Airport pick-up services can also be arranged upon request to ensure a smooth arrival. Please inform us of your travel details in advance if you require these services. For reservations contact the Training Officer on Email: training@phoenixtrainingcenter.com or on Tel: +254720272325 / +254737296202
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