Oil and Gas5-day programmeRegistration closes in 14 days

Petroleum Project Economics & Risk Analysis Training

Dates21–25 Dec 2026

LocationLondon, UK

VenueTBD

Programme Overview

Economics is the primary link between decision making and profitable operations and it is one of the four pillars of the oil and gas sector. The economic structure of the petroleum industry differs strongly from other industries due to great risks and uncertainty associated with oil and gas projects, coupled with dangerously volatile price levels. Being an extractive industry that is exposed to a range of formidable uncertainties, the upstream petroleum industry faces particular complexity in assessing the economics of its business opportunities.

Petroleum Project Economics & Risk Analysis Training in London, UK has been designed specifically to provide practical guidance to Oil & Gas industry professionals and help them employ effective techniques for economic analysis. Upon the successful completion of the programme its delegates will be able to apply appropriate tools when predicting profit, production, costs, and cash flow and thereby evaluate existing alternatives for optimum outcomes.

Target Audience

Petroleum Project Economics and Risk Analysis Workshop in London, UK is be suit for:

Professionals from ministries dealing with Oil, Gas and Petroleum Projects
Economists and Project Analysts
Financiers and Decision-Makers
Oil & Gas Field Engineers
Oil & Gas Managers, Auditors, and Planners
Financial Analysts and Corporate Treasury Managers
Investment Professionals and Accountants
Anyone requiring a fundamental knowledge of Petroleum Economics and oil and gas project recommendations.

Programme Objectives

Upon completion of this intensive programme, the attendees will be able to:

Comprehend a variety of terms and concepts applied in Oil and Gas Industry
Design and Develop economic models of various petroleum fiscal regimes
Perform cash flow analysis for petroleum related projects and determine economic indicators
Assess and quantify risks and uncertainties
Make the right investment decision in the presence of risk
Carry out a comprehensive economic evaluation study for any petroleum related project including risk analysis.

Programme Contents

First Day

Familiarization with Economic terms
Setting up Cash Flow Calculation
Depreciation Methods
Loss Carry Forwards
Inflation
Nominal & Real Cash Flow
Sunk Costs
Project Financing

Second Day

Economic Indicators Definitions
Present Value Concept
Discount Factor
Net Present Value
Internal Rate of Return
Effect of Project Delay
Payback Period
Profit/Investment Ratio
Incremental Projects

Third Day

Risk & Uncertainty
Expected Value Concept
Decision Tree Analysis
Farm-out Decision
Probability Analysis
Sensitivity Analysis
Probability Distribution
Monte Carlo Simulation

Fourth Day

Introduction to Spreadsheet Calculation
Simple Cash Flow using Excel
NPV calculations
Application of economic indicators
Programme Discussion
Setting up an Integrated Economic Model of a Typical Oil Field Development
Project Sensitivity Analysis for the selected model
Introduction to Russell field model

Fifth Day

Whole day exposure visit – Translating Theory into Practice – Real-life experience from Executed Petroleum Projects.

Programme Methodology

The methodology applied throughout the course of the programme will encourage the maximum participation of all attendees. The sessions will be led using an interactive contemporary adult learning approach. The tools deployed will include open presentation, group discussions, video examples, individual assignments and case studies. On the last day of the session, practical exposure visit will be arranged in order to observe the factual appliance of theoretical base covered.

TopicsMonitoring and evaluation

Plan your team's places

£4,860 per participant · invoice and bank transfer · groups of 5 or more receive a discount

1participant(s)

£4,860at the standard fee

Registration closes in 14 days (1 Nov 2026)

TopicsMonitoring and evaluation

What the fee covers

Visa Assistance (Complimentary)

Participant Assessment

Airport Pickup

Accommodation

Wi-Fi

Welcome Dinner

Breakfast

Workshop Kit

Programme Materials

Programme Experts

Practical Activities

Lunch

Refreshments

Interactive workshop

Mini Pad or Tab

Risalat T-shirt

Field Visit

Programme Certificate

Entertaining Tour

Programme Report

Programme fee£4,860per participant · groups of 5+ receive a discount Register now → Request an invoice

Registration and payment deadline: 1 Nov 2026

No online payment, invoice by email
Pay by bank transfer to confirm your seat
Complimentary visa assistance

More options

Download the brochure Request the online version Request an in-house proposal

Discount plans & cancellation policy

DISCOUNT PLANS

Standard fees stated on the website apply to all individual applicants. You Shall qualify for the discount if you register as a group. The group should consist of at least three people or more that are willing to attend the same training program/workshop. The discount rates are offered on case-by-case basis. To get detailed information and individualized offer please get in touch with one of our country/regional offices.

If you and/or your organization are members of Risalat Club, you will be entitled to special discounted rates, exclusive offers, and preferential terms. To get a detailed offer please contact one of our country offices mentioning your unique 8-digit membership number (in the format of RCM********).

Scholarships and Fee Waivers

Available Scholarships and Fee Waiver Opportunities will be announced on our Website’s News Page and Risalat Social Media. We offer a limited number of Scholarships for selected programs within the scope of CSR.

Please consider that sponsored places are oftentimes very limited and highly competitive. Award criteria will be published for each program separately once the call for application opens.

REFUND AND CANCELLATION

For Individual Registrations and Group Registrations on Standard Training Programs/Workshops

Risalat has amended its refund policy that was in effect till 11 December 2018. For registrations and payments made from this date onwards, refunds are no longer possible. Such a decision is driven by below circumstances:

Risalat is committed to maintaining top-notch quality of its training programs/workshops. Although the demand is high, we can only offer very limited places for each batch. Unless there is an exceptional situation, we cannot accept any new registrations after the deadline as we dedicate plenty of time to thorough preparation to meet the individual needs of registered delegates. Thus, any cancellation after the date will result in an idle place on the program.
According to the policy that was in effect till 11 December 2018, the participant was charged at least 50% of the full payment in case of the cancellation. Therefore, many of our clients and partners have been requesting for preferential terms for registration resubmissions and the option of rescheduling instead of cancellation.

From 11 December 2018, the participants are offered the following options:

Each participant is allowed to reschedule the training program dates up to a maximum of 3 times at zero charge within 1 calendar year from the date of registration. This offer is valid as long as the participant reschedules for the same program in the same location or in a different location but same price range.
The organization is allowed to change or replace sponsored participants at no charge as well within one calendar year from the date of registration. An extension of this period can be granted in special circumstances.
The organization can replace the sponsored participant while changing the program of choice as well. As long as the programs are priced at the same level.

Please note, that above offers are valid only if the participant/organization submits the relevant request to Risalat at least 7 Working days prior to the program start dates. Otherwise, the individual/organization will only be entitled to an exclusive discount voucher for registration resubmission in the future (should there be any).

For Exclusive Group Registrations and Custom-Made Programs

Risalat administers dozens of custom-made programs that can be designed and developed based on the clients’ individual requests and requirements. In case if you have registered for tailor-made training course or you have requested exclusive group training, you:

Shall be entitled to get a refund up to 50% of the total amount paid, if the request for cancellation is submitted at least 30 working days before intended program start date
Shall be entitled to get a refund of up to 25% of the total amount paid, if the request for cancellation is submitted at least 20 working days before intended program start date
In case if there are less than 20 working days remaining before the intended program start date, you shall not be entitled to any refund. In such situation, you can only receive an exclusive discount voucher for future registration resubmissions (should there be any)
You can reschedule the dates of exclusive group training or custom-made program for free up to 3 times within a year from the date of payment. This offer is valid only in case if you submit the request for rescheduling at least 10 working days before the intended start date of the program.

NB: All last-minute cancellations are treated as no show and are not eligible for refund.

TopicsMonitoring and evaluation