Petroleum Economics and Decision Analysis

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Petroleum Economics and Decision Analysis

Course date22 - 26 Feb 2027VenueThessalonikiCPD hours20Duration5 DaysFee£4,500

100+ reviews on findcourses.co.uk4.9 · Google reviews

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The petroleum industry is complex, expensive, and uncertain. Success depends on smart choices and sound economic reasoning. As Warren Buffett said, “Risk comes from not knowing what you’re doing.” This course helps professionals make better decisions using clear insights—from economic models to risk and uncertainty analysis—built specifically for oil, gas, and energy investments.

By integrating financial principles, industry policies, and advanced scenario planning, participants gain the skills to make prudent project decisions. This course further prepares participants to tackle the challenges of decision making in the upstream oil and gas industry by providing them with skills in project decision analysis, economic evaluation, and policy analysis.

Software Requirements: The course uses Lumivero’s decision Suit Tools (formerly Palisade Decision Suit Tools), including @Risk and Precision Tree. However, delegates do not need access to these platforms as other alternative solutions will be discussed during the course.

This course highlights:

Energy Commodity Market Economics: Understanding price, supply-demand dynamics, and investment trends.
Financial Modelling & Valuation: Applying tools for assessing project profitability and economic feasibility.
Risk & Uncertainty Management: Understanding, quantifying, and modelling uncertain factors.
Decision Analysis Techniques: Use of Decision Trees, Monte Carlo Simulation and applications to Value of Information.
Energy Policy Impact: Evaluating impact of policies, ESG considerations, and geopolitical trends.

Strategic Decision-Making: Optimising investment portfolios and corporate planning strategies.

Course Objectives

To succeed in the oil & gas industry is to create value. Learning about the subsurface challenges, along with the energy commodity market leads to insights that support good decision making. Good project decisions often lead to value creation.

At the end of this training course, you will learn to:

Explain key aspects of the evolving energy landscape and its implications for oil and gas ventures.
Summarise the fundamental principles of petroleum project economics and valuation techniques.
Apply prudent business decisions to differentiate successful petroleum firms in an evolving global landscape.
Analyse the impact of risk and uncertainty on management decision-making.
Apply consistent financial valuation techniques to analyse petroleum projects.
Use analytical tools and software for effective project evaluation and decision making.
Evaluate the implications of uncertainty and risk on project feasibility.
Create decision support models that consider the influence of uncertain hydrocarbon prices and environmental considerations on value creation.

Who Should Attend?

This course is for anyone involved in the process of decision making. It is ideal for professionals involved in investment analysis, financial modelling, risk assessment, and strategic planning within the oil & gas sector:

Energy analysts & project managers
Petroleum engineers & operations managers
Business development & corporate strategists
Investment & portfolio analysts
Policy specialists & regulatory advisors

Day by day

Course Outline

Global energy trends and geopolitical factors.
Hydrocarbon industry: from subsurface to markets.
Industry competition and market forces: The emerging energy transition.
Value chain: economic principles underlying petroleum decision-making.
Systematic approaches to managing uncertainty.
Expected value concept in project decisions.
Introduction to decision analysis: framing choices and evaluating trade-offs in a real-world project.

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Recognition

Accreditations

CPD Standards

Helping to develop learning worldwide.

100000+ members59+ countries3000+ chapters

ISO 9001:2015

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Date & venue

22 - 26 Feb 2027Thessaloniki

1 more date & venue available →

Price£4,500

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Dates, Venues & Prices

This course by city

Thessaloniki2

22 - 26Feb 2027

Thessaloniki5 Days

£4,500

20 - 24Sep 2027

Thessaloniki5 Days

£4,500

Book this course

Date & venue

22 - 26 Feb 2027Thessaloniki

1 more date & venue available →

Price£4,500

Places available

Covered by the LTFE Guarantee — 100% satisfaction

Corporate buyer? You can request to pay by invoice at checkout.

Need help deciding?

WhatsApp John

Not sure it's the right course? Ask John.Leave a message

Our Oil and Gas training advisor — replies within an hour during working hours.

WhatsApp John

john@londontfe.com

+44 207 183 6657

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What our delegates say

Thank you for the opportunity for having attended Advanced Skills of the Bid and Tender Management Process from London Training for Excellence. It was a good experience as I find myself with added knowledge so as to contribute I a more quality manner to my com…

Peter W

The course is very adaptable to everyday work and contributes to developing CSR framework in our own organisation. Very practical and useful.

Ove H

The training provided by LondonTFE are very inspirational and thought provoking. The outlines are comprehensive and the method of teaching is mostly practice-oriented. The LondonTFE staff always been able to balance the composition of participants, which contr…

Bilal M.

Frequently Asked Questions

Can I pay by invoice or purchase order?−

Yes — choose “By Invoice” at checkout and we’ll invoice your company. You can also pay instantly by card, Apple Pay, Google Pay or PayPal, with confirmation the moment payment completes.

What’s included in the course fee?+

Expert-led tuition for the full course, all course materials, and your CPD certificate. The fee shown is per delegate; UK VAT is added for UK-billed bookings.

Will I receive a certificate?+

Yes — every course is CPD-accredited and this course carries 20 CPD hours, which you can put towards your professional portfolio.

Can I transfer to a different date if my plans change?+

Contact our team and we’ll do our best to move your booking to another scheduled date, subject to availability. We never cancel a confirmed booking.

Do you offer group discounts?+

Yes — for group bookings or private delivery, ask us for a group quote and we’ll price your team together.

Can this course run in-house for my organisation?+

Yes — we deliver tailored in-house versions of this course worldwide, at your offices or a venue of your choice. Get in touch for a proposal.

How often do you update your course content?+

Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

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