Oil and gas projects tie up large sums for decades while prices, costs, fiscal terms and schedules keep moving, so a weak investment case is expensive to discover late. Ten days give finance, commercial and technical professionals a rigorous way to build and challenge that case. The first week builds the foundations: time value of money, project cash flows, NPV, IRR, payback, profitability index, cost of capital, inflation and exchange rate treatment. Participants model field production profiles, capital and operating costs, then layer on royalties, production sharing, tax and cost recovery terms.
The second week handles complexity, including decline curves, price decks, sensitivity and scenario analysis, Monte Carlo simulation, decision trees, real options, project finance structures, farm-in and divestment valuation, decommissioning liabilities and portfolio selection under capital rationing. Petroleum economists, finance managers, commercial analysts, engineers, business development staff, lenders and government revenue officials will benefit. Every concept is built in spreadsheets and finished with an integrated investment case. Delivery is in classrooms across 18 cities, online or in-house, and a CPD-accredited certificate is issued. You can then present an investment recommendation that stands up to scrutiny.
Capital allocation sits at the centre of any oil and gas company's performance. Decisions on exploration wells, field developments, pipelines, refineries and acquisitions commit capital long before revenue arrives, and the margin for error has narrowed as price volatility, energy transition pressures and higher cost of capital reshape the industry. Stakeholders in national oil companies, independents, service providers and government agencies increasingly need to read and build investment cases with confidence.
This ten-day programme teaches capital budgeting as it is practised in petroleum. Participants first master the core evaluation tools and learn how oil and gas cash flows differ from those in other industries, including field life profiles, front-loaded spending, abandonment costs and sharply varying prices. They then model the effects of fiscal systems such as concessions, production sharing and service contracts on project and government economics, and see how the same project can look very different to an investor, a host government and a lender.
The later part of the course addresses risk, flexibility and portfolio choice, from probability-weighted outcomes and simulation to staged investment decisions and ranking opportunities under budget constraints. Teaching relies on spreadsheet labs and case files, and participants finish by defending a capital proposal before a mock investment committee.
By the end of the course, participants will be able to:
Participants leave the programme with:
The programme is a laboratory for investment analysis, with the following elements:
Day 1: Investment Decisions in the Petroleum Value Chain
Day 2: Time Value of Money and Evaluation Criteria
Day 3: Building Project Cash Flows
Day 4: Cost of Capital and Discount Rates
Day 5: Fiscal Regimes in Project Economics
Day 6: Sensitivity and Scenario Analysis
Day 7: Probabilistic Analysis and Monte Carlo Simulation
Day 8: Decisions Under Uncertainty and Real Options
Day 9: Transactions, Financing and Decommissioning
Day 10: Portfolio Allocation and Investment Committee
The course is designed for people who build, review or approve investment cases in the energy sector, including:
On completion of the ten days and the modelling exercises, participants are awarded a CPD-accredited Certificate of Completion by Vision Reach Global Consultancy.
Upcoming cohorts
CPD-Accredited
Official invoice & confirmation letter provided
Team discount for 3+ seats
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Everything you need to know about this course before you register.
By the end of the Capital Budgeting in Oil and Gas Investment Projects programme, you'll be able to calculate and interpret npv, irr, payback, profitability index and discounted payback for petroleum projects, construct a project cash flow model from production, price, cost and tax assumptions, estimate a suitable discount rate using weighted average cost of capital and project risk, and model royalty, tax and production sharing terms and compare investor and government take. The full breakdown of topics is covered session by session in the Course Outline tab above.
The course is designed for people who build, review or approve investment cases in the energy sector, including: Petroleum economists and commercial analysts, Finance managers and corporate planners in oil and gas companies, Business development and portfolio managers, Reservoir, drilling and facilities engineers who prepare project estimates, Government revenue authority and ministry of energy officials, National oil company strategy and investment committee members, Bank and development finance lenders to energy projects, and Auditors and advisers reviewing energy investments.
Capital Budgeting in Oil and Gas Investment Projects Training Course typically runs as 10 Days. It's available as in-person classroom, live virtual, and in-house corporate training — every course can also be delivered on-site for your team on dates that suit you.
Capital Budgeting in Oil and Gas Investment Projects Training Course is scheduled in-classroom in Nairobi, Kenya, Mombasa, Kenya, Naivasha, Kenya, and Kisumu, Kenya, and 14 other locations, plus a live interactive virtual classroom you can join from anywhere. Check the schedule panel above for exact upcoming dates and fees in each location.
The next live virtual cohort of Capital Budgeting in Oil and Gas Investment Projects starts October 19, 2026, with new classroom cohorts also running on a rolling basis. Pick a date and location in the schedule panel above, then click "Register for the Course" — it takes a few minutes and your seat is confirmed once payment or a signed purchase order is received.
Yes — delegates who meet the attendance requirement receive a Certificate of Completion for Capital Budgeting in Oil and Gas Investment Projects Training Course from Vision Reach Global Consultancy, issued in the name you register with, so double-check the spelling at checkout.
Capital Budgeting in Oil and Gas Investment Projects Training Course is pitched at intermediate professionals. If you're unsure whether it's the right fit for your current role or background, message our training advisors before you register and they'll help you confirm.
Fees for Capital Budgeting in Oil and Gas Investment Projects Training Course vary by delivery location and format and are shown in real time in the schedule panel above once you pick a date. Register 3 or more delegates on the same course together and a 5% team discount is applied automatically — larger cohorts can request a custom corporate quote.
Yes — Capital Budgeting in Oil and Gas Investment Projects Training Course can be delivered on-site at your offices (or virtually for distributed teams), with case studies and examples tailored to your industry and the specific challenges your team is working through. Switch to the "In-House" tab in the schedule panel above to request a proposal.
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