Introduction:
Within a range of energy sectors, including upstream oil and gas, refining and distribution, petrochemicals, power generation, nuclear power, solar energy, biofuels, and wind power, decision-making support systems (DMSS) methods are extensively utilized for conducting technical, economic, social, and environmental assessments.
Course Objectives:
At the end of this Decision Support Systems for Oil and Gas Projects course, you will learn to:
- Systematically define, design, and integrate end-user requirements in the project decisions
- Examine & understand key contextual requirements within the project environment
- Identify risk sources and learn how to mitigate potential risks and deal with uncertainty
- Accurately estimate and allocate project costs and associated benefits
- Analyze & understand how the time-value of money techniques help to support decisions
Who Should Attend?
Decision Support Systems for Oil and Gas Projects course is suitable to a wide range of professionals but will greatly benefit:
- Senior management decision makers
- Commercial management
- Financial management
- Senior business services professionals who have the responsibility for projects and costs in client and contracting companies
Course Outlines:
Concepts of Project Management:
- Projects and Programs
- Project Life Cycles and Stage Gates
Intricacies of Project Approval in the Oil & Gas Industry:
- Project Sanctioning and approval Process. (PSAP) for the Oil & Gas Industry
- Development of the Strategic Project Business Case
- Project Identification–Awareness of accountability of Project Ideas
- Exploration Survey & Drilling
Project Context in the Oil & Gas Industry:
- Appreciation of macro-environment in relation to project choice
- Understand who stakeholders are and how they may impact upon the project
- Regulatory framework, institutional factors and infrastructure
Strategic decision making through the Project Life Cycle:
- Project Feasibility Decision makers
- Project Preparation & Planning responsibilities
Project Leadership Skills:
- Build an executive leadership style that guides the project toward greater performance and profit
- Understand the Project Organization in a typical Oil & Gas project
- Project Manager–Unique Requirements
Project financing and Financial Modelling for Oil & Gas projects:
- Project finance: Limited and non-recourse project finance
- Structuring project finance deals
- Financing/ credit risk considerations for the Oil & Gas project
Evaluation mathematics in project finance:
- The time value of money – how it applies to project finance
- Yields and rate of return – Discounted Cash Flow (DCF) analysis
Identify reasons for Project failures and successes:
- Understand why some projects fail
- Gain an understanding of successful projects and analyze reasons for success
Starting with the End in Mind:
- Define success criteria and KPI’s of an example Oil & Gas project
- Capture Project Requirements
- Development of the Project Charter
Project Management Integration:
- Understand the need for a project team approach
- Importance of communication in an Oil & Gas project
- Project Systems and Processes for procurement, award of contracts, workforce management
Project Stakeholder Engagement:
- Identify and plan to engage with the project’s key stakeholders
- Centralized vs. Participatory Monitoring
Project Reporting Techniques:
- Optimal Project Review Types and Intervals
- Control Decision-making
- Project Evaluation criteria
Preparing for Project Decommissioning:
- Decommissioning and rehabilitation considerations