Financing, discovering, developing, transporting and marketing energy resources all rest on the same economic foundations, and getting them wrong can decide whether an oil organisation succeeds or fails. This Oil Industry Economics Fundamentals Training Course from the Arab British Fellowship Training Academy uses real-life examples, experience and case studies to let participants learn and debate these issues collectively, before grounding that discussion in core economic theory.

By working through practical applications alongside the underlying concepts, participants build the understanding needed to see how economic principles drive the oil sector's success in the twenty-first century.

Who Should Attend:

• Newcomers to the oil field.
• Directors, officials and investors.
• Anyone interested in the oil and gas industries.

Course Objectives:

• Understand the main economic principles of the oil industry and develop applications of basic economic theory.
• Learn analysis methods and decision-making in capital investment to increase shareholders' profit.
• Build experience through real-world examples and case studies concerning the oil industry.
• Manage a portfolio within the oil industry and put together an effective, applicable quality plan.

Module 1: Analysing Cash Flow and Investment Decisions

• Cash flows and methods of analysing profit.
• Analysing sunken cost, and variable and fixed costs.
• Discounting and cost of capital.

Module 2: Core Economic Concepts in the Oil Industry

• Main economic concepts of the oil industry and institution theory in the oil sector.
• Global energy economics and analysing a competitive oil market.
• Depreciation and resource costs.

Module 3: Implementing Financial and Accounting Processes

• Implementing basic financial and economic accounting processes.
• Joint projects and portfolio management in the oil industry.

Module 4: Building and Applying a Quality Plan

• Planning for quality and defining what makes a quality plan effective.
• Establishing an applicable, practical quality plan and implementing it effectively.
• Defining strategy, establishing a framework, and identifying high risks using failure mode and effect analysis, supported by a case study.

Course Format:

• In-house training.
• One-to-one training.
• Group training.
• Practical training.

Note:

• We can deliver this course at the time and location that suits you.
• This course is delivered to high standards for distinguished individuals. For more information, contact the Arab British Fellowship Training Academy team.