Introduction

In today's volatile oil and gas market, mastering financial modelling and understanding petroleum project economics is critical for strategic decision-making and investment success. Training Course on Financial Modelling and Petroleum Project Economics is designed to empower professionals with advanced financial analysis skills, cash flow forecasting techniques, and project evaluation tools specifically tailored for the petroleum and energy sector. Using real-world data and industry-specific case studies, participants will gain practical insights into modeling the financial performance of upstream, midstream, and downstream projects.

Whether you're a petroleum economist, energy analyst, or finance professional, this comprehensive course will equip you with the knowledge to build robust financial models, conduct economic feasibility analysis, and optimize project returns. With a blend of theoretical depth and hands-on application, you’ll learn to utilize tools like Excel for project finance, NPV & IRR analysis, and risk assessment frameworks, making this course ideal for staying ahead in the energy investment landscape.

Programme Curriculum

Training Course on Financial Modelling and Petroleum Project Economics

Introduction

Course Objectives

Understand the fundamentals of petroleum project valuation.
Develop dynamic financial models using Excel for oil and gas projects.
Apply discounted cash flow (DCF) techniques in real case scenarios.
Master the concepts of Net Present Value (NPV) and Internal Rate of Return (IRR).
Perform sensitivity analysis and scenario planning.
Estimate capital expenditures (CAPEX) and operating expenses (OPEX).
Analyze the economic feasibility of upstream and downstream projects.
Interpret financial statements and cash flow projections.
Integrate risk analysis into petroleum economic models.
Evaluate fiscal regimes, taxes, and royalty structures.
Conduct break-even analysis and price forecast modeling.
Create project dashboards and reporting templates.
Gain knowledge of ESG financial modelling trends in energy projects.

Target Audience

Petroleum Economists
Financial Analysts
Energy Consultants
Project Finance Managers
Business Development Professionals
Oil and Gas Engineers
Investment Bankers in Energy Sector
Corporate Strategy Executives

Course Duration: 10 days

Course Modules

Module 1: Introduction to Financial Modelling

Definition and purpose
Overview of financial modelling tools
Basics of Excel for modelling
Data organization techniques
Financial model structuring

Module 2: Petroleum Economics Fundamentals

Oil and gas value chain
Revenue drivers
Cost structures in petroleum
Crude oil pricing mechanisms
Economic evaluation principles

Module 3: Time Value of Money

Present vs. future value
Discounting techniques
NPV and IRR calculations
Real vs. nominal cash flows
Practical examples in Excel

Module 4: Project Cash Flow Modelling

Cash flow components
Building dynamic cash flow models
Revenue estimation
Operating cost analysis
Cash flow projections

Module 5: CAPEX and OPEX Analysis

Defining CAPEX and OPEX
Lifecycle cost estimation
Budgeting techniques
Cost categories and tracking
Impacts on project economics

Module 6: Sensitivity and Scenario Analysis

Setting assumptions
Creating input tables
Running simulations
Best-case vs. worst-case
Interpreting analysis results

Module 7: Risk and Uncertainty in Projects

Types of risks
Risk modeling techniques
Monte Carlo simulation overview
Risk-adjusted returns
Scenario-based forecasting

Module 8: Fiscal Systems and Taxation

Types of fiscal regimes
Royalty structures
Profit-sharing contracts
Tax models
Country case studies

Module 9: Economic Indicators for Evaluation

Net Cash Flow (NCF)
Payback Period (PP)
Profitability Index (PI)
Internal Rate of Return (IRR)
Modified IRR

Module 10: Oil Price Forecasting

Market trends
Forecasting models
Pricing assumptions
Scenario planning
Impact on project viability

Module 11: Excel Best Practices

Model documentation
Formatting for clarity
Using functions and formulas
Data validation
Error checking

Module 12: Break-Even and Profitability Analysis

Break-even price calculation
Profit margin analysis
Unit economics
Breakeven volume estimation
Visualizing profitability

Module 13: ESG and Sustainability in Modelling

ESG metrics in oil and gas
Carbon pricing models
Green project funding
Social and governance impacts
Regulatory frameworks

Module 14: Reporting and Presentation

Creating dashboards
KPI visualization
Report automation
Executive summaries
Model handover

Module 15: Capstone Project

Real-world case analysis
Team-based project
Economic model development
Presentation and feedback
Certificate of completion

Training Methodology

Interactive lectures
Hands-on Excel exercises
Real-life case studies, quizzes, and group projects to ensure comprehensive learning.

Register as a group from 3 participants for a Discount

Send us an email: info@fineskilltrainingcenter.org or call +254769199797

Certification

Upon successful completion of this training, participants will be issued with a globally- recognized certificate.

Tailor-Made Course

We also offer tailor-made courses based on your needs.

Key Notes

a. The participant must be conversant with English.

b. Upon completion of training the participant will be issued with an Authorized Training Certificate

c. Course duration is flexible and the contents can be modified to fit any number of days.

d. The course fee includes facilitation training materials, 2 coffee breaks, buffet lunch and A Certificate upon successful completion of Training.

e. One-year post-training support Consultation and Coaching provided after the course.

f. Payment should be done at least a week before commence of the training, to Fineskill Training Center account, as indicated in the invoice so as to enable us prepare better for you.

Skills & Software Covered

Financial Modelling Petroleum Economics Project Evaluation Finance

Programme Fee

Duration: 10 Days

Method: Online or Physical

Online Price: $2,000

Physical Price: $3,000

Certification: Accredited Certificate

View Available Dates 📄 Download Course Outline (PDF)

Available Sessions

Location

Month

Year

Oct 19 2026

19 Oct — 30 Oct 2026

💻 Online / Virtual session

Online $2,000