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Managing Risks and Strategic Decisions in Petroleum Exploration & Production
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| Course Satisfaction Rating: 99.4% |
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Course Overview
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This three-day seminar provides participants a practical, hands-on approach to modern techniques in petroleum risk management and strategic decision-making. The techniques presented are applicable to all aspects of petroleum exploration and production – prospect evaluation, resource allocation, diversification, risk sharing, and corporate planning. This seminar helps participants develop problem solving, leadership, and functional skills necessary to manage the modern petroleum enterprise. This seminar is well suited for E&P managers, finance staff and managers, engineering managers, economics/planning personnel, as well as geologists and engineers. Seminar participants will find the concepts and techniques stimulating and beneficial – enabling them to apply risk and decision making concepts to their jobs. . . immediately.
2.4 CEU (Continuing Education Units) or 24 PDH (Professional Development Hours)
A complete set of course materials and lunches are included.
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| Course Outline |
 | Introduction
Modeling and Structuring Complex E&P Decisions
Decision Analysis - Utilizing Influence Diagrams and Decision Trees
Applications of Decision and Risk Analysis to the Petroleum Sector
Value of Information Concepts and its Application to the E&P Setting
The Value of Sensitivity Analysis and Monte Carlo Simulation in E&P
An Overview of Modern Finance Concepts and Investment Analysis
Portfolio Management - Models and Applications in the E&P Sector
Capital Projects as Real Options - Evaluating Investments
Corporate and Financial Risk Tolerance and E&P Decision Making
Implications of E&P Corporate Risk Taking and Performance
Incorporating Multiple Performance Objectives into Your Analysis
Integration - Working to Improve Performance |
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| Instructor(s): |
| | Michael Walls | | Dr. Michael Walls is a professor of Mineral Economics at the Colorado School of Mines, and a recognized authority on the application of risk and investment theory to the petroleum industry. He is the author of numerous articles on the topic of decision and risk analysis, and its application to the petroleum sector. In addition to 14 years of industry experience, Dr. Walls has consulted in the areas of risk analysis and strategic planning to oil companies such as Texaco, BP, ConocoPhillips, Amoco, Petrobras, PDVSA, Ecopetrol, BHP, Talisman and others. He holds a B.S. degree in Geology, an M.B.A. in finance, and a Ph.D. in management from the University of Texas at Austin, and has significant teaching experience in executive programs as well as in-house briefings for oil and gas professionals. He brings a combination of business expertise, industry knowledge, and technical superiority that has proven to be particularly effective for clients in developing strategies, allocating resources, and managing risk. |
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| | Need more information about this course from the instructor(s)? click here |
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All scheduled event(s) for this short course: |
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Legend:
Blue = 5 or more seats available
Green = less than 5 seats available
Red = the event is full |
| | Start Date | Delivery | Location | Fee | |
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| 13-Sep-10 | Classroom | Houston | $ 2195 USD |  | |
| 25-Oct-10 | Classroom | Calgary | $ 2195 CAD | | |
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Request this short course at another location: |
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