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Project Decision Making in the Oil and Gas Industry

Master Strategic Project Decisions in Oil & Gas Operations

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Why Choose Us

The Project Decision Making in the Oil and Gas Industry training course equips project professionals with an industry-specific framework for sound decisions throughout the project lifecycle. It addresses choices spanning project sanction, execution and decommissioning, together with their financial, operational and reputational consequences. Such decisions involve substantial capital commitments, complex regulation, lengthy lifecycles, volatile commodity prices and numerous interdependent stakeholders. Participants develop the analytical tools and financial understanding required to assess these demanding project conditions.

The course covers sanctioning and approval processes, strategic business cases, project finance, financial modelling and discounted cash flow analysis. It also examines project leadership, integration, stakeholder engagement, KPI definition, performance measurement and project reporting. Decommissioning and rehabilitation planning complete the coverage of decisions across the full oil and gas project lifecycle. Each module applies industry context and realistic decision scenarios while strengthening leadership capability and awareness of project governance.

This Project Decision Making in the Oil and Gas Industry training course will highlight:

Managing project sanctioning and approval processes
Developing strategic business cases for oil and gas projects
Applying limited and non-recourse finance, financial modelling and DCF analysis
Defining KPIs, measuring performance and reporting project results
Leading project integration and engaging interdependent stakeholders
Planning project decommissioning and rehabilitation

Why Choose Project Decision Making in the Oil and Gas Industry

Course Goals

What are the Goals?

The Project Decision Making in the Oil and Gas Industry Course aims to build comprehensive project decision-making capabilities tailored to the oil and gas sector — covering project sanctioning and strategic planning, financial modelling, project leadership, stakeholder management, and decommissioning.

Upon completing this course, participants will be able to:

Describe project and programme management concepts, project lifecycles, and Stage Gate methods within oil and gas settings
Use the Project Sanctioning and Approval Process and create strategic project business cases for oil and gas projects
Assess the macro-environment, regulatory framework, and stakeholder landscape affecting oil and gas project decisions
Use strategic decision-making frameworks throughout the project feasibility, preparation, and planning stages
Develop executive leadership approaches for oil and gas projects and recognise the distinct requirements of the oil and gas Project Manager role
Use limited and non-recourse project finance structures and assess financing and credit risk considerations
Use time value of money, DCF analysis, and rate of return calculations when financially evaluating oil and gas projects
Establish project success criteria and KPIs, produce project charters, and use project integration and communication principles
Recognise and engage key project stakeholders and use decision-making frameworks for monitoring, reporting, and control
Prepare for project decommissioning and rehabilitation as an integrated part of the complete project lifecycle

Who is this Training Course for?

This Project Decision Making in the Oil and Gas Industry training course is designed for:

Project Managers
Project Engineers
Project Controls Managers
Oil and Gas Asset Managers
Field Development Managers
Engineering Managers
Operations Managers
Commercial Managers
Investment Analysts
Risk Analysts
Planning and Economics Specialists
Decision Analysis Specialists

Learning Approach

How will this Training Course be Presented?

The Project Decision Making in the Oil and Gas Industry Course uses a technically and commercially structured learning methodology, progressing from project management principles and industry-specific sanctioning procedures to project finance, financial modelling, leadership, stakeholder engagement, and decommissioning. Each day focuses on a separate decision-making area within the oil and gas project environment, developing a comprehensive and integrated understanding of how project decisions are taken and governed throughout the entire project lifecycle.

Industry-relevant case examples, discussions on financial modelling, stakeholder analysis exercises, and sessions on project reporting frameworks are incorporated throughout, enabling delegates to relate decision-making frameworks to the practical oil and gas project challenges encountered in their professional roles.

Delivery approaches include:

Instructor-led sessions addressing project management principles, PSAP, project finance, leadership, stakeholder management, and reporting
Strategic business case development sessions that apply project identification, sanctioning, and approval process frameworks to oil and gas scenarios
Discussions of macro-environmental and regulatory frameworks that explore how the external context influences oil and gas project decisions
Project finance structure sessions applying limited and non-recourse financing principles and credit risk analysis to oil and gas project scenarios

The Course Content

Concepts of Project Management

Projects and Programmes
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 Organisation 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 analyse 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
Centralised 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

Recognition

Certificate

• Wallstreet Development Academy Certificate of Completion for delegates who attend and complete the training course.

Frequently Asked Questions

This course focuses on strategic project decision-making within the oil and gas industry. It places project decisions in the context of oil and gas operations. The central theme is improving how strategic project choices are approached in this industry.

The course is designed to build skills related to strategic project decision-making. These skills are framed specifically around oil and gas operational contexts. The available information does not identify particular analytical tools or decision models.

The stated focus is project decision-making, particularly strategic decisions in oil and gas operations. It may relate to the broader project environment, but the title does not describe it as a general project management course. No additional project management topics are specified in the available content.

Yes, strategic project decision-making is the course’s central focus. The subtitle specifically emphasises mastering strategic project decisions in oil and gas operations. The available information does not specify individual strategic frameworks or methodologies.

You will learn about making strategic decisions for projects in oil and gas operations. The course is centred on the decision-making aspect of projects rather than a general overview of the industry. Specific techniques, frameworks and modules are not detailed in the available course information.

This course is relevant to people seeking to strengthen strategic project decision-making in the oil and gas industry. Its subject matter may suit professionals whose work involves projects or operational decisions in this sector. Specific job roles, experience levels and entry requirements are not provided.

The course places strategic project decisions directly within the setting of oil and gas operations. This industry context distinguishes it from generic decision-making training. Specific operational areas or project types are not listed in the provided information.

No, the provided course information does not state a duration, delivery format or prerequisites. It only identifies the course’s focus on strategic project decisions in oil and gas operations. These practical details would need to be confirmed separately.