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Project Decision Making in the Oil and Gas Industry

Dates Venues Register
04/10/2026 - 08/10/2026 KUALA LUMPUR

Introduction

Project Decision Making in the Oil and Gas Industry

What are the Goals?

  • Identify and communicate effectively with relevant stakeholders in the Oil & Gas industry.
  • Understand key contextual requirements influencing project decisions.
  • Accurately estimate project costs and evaluate associated benefits.
  • Systematically define, design, and integrate end-user requirements into project planning.
  • Apply time-value of money techniques to support financial decision-making.
  • Recognize potential risks, mitigate uncertainties, and implement effective risk management strategies.
  • Evaluate alternative project delivery options and select the most strategic path forward.
  • Enhance decision-making processes to improve project performance and outcomes.

 

Who is this Training Course for?

  • Project Management Professionals seeking to strengthen strategic decision-making skills.
  • Commercial and Contracts Management Professionals responsible for cost control and approvals.
  • Financial Management Professionals overseeing budgets, investment, and project finance.
  • Business services professionals involved in scheduling, planning, or managing client and contractor projects.
  • Professionals aiming to enhance leadership capabilities in complex Oil & Gas projects.

 

The Course Content

Day1

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
Day 2

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
Day 3

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
Day 4

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
Day 5

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

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