Course Objectives:

It was recently estimated that the annual global exploration and production expenditure that
the industry requires was in excess of $400 billion. Profit margins, however, are under real
pressure from many factors, including the higher costs of developing new reserves, less oil
found per foot drilled, rising inflationary costs of doing business, oversupply of crude, crude oil
price volatility, competition for oil company investments, competition for acreage/concessions,
competition for funds, and overall business risk and uncertainty. It is therefore crucial to carry
out prudent economic evaluation of any capital investments before resources are committed.
And for every capital project will typically have cash receipts and cash disbursements into or out
of the treasury, respectively. Thus, ‘cash flow is king’ seems to be message for businesses
today and in particular with respect to their capital investment decisions. This course therefore
aims to provide participants with a thorough understanding of the techniques used by entities
engaged in oil and gas exploration and production activities in the estimation of cash flow and
associated risks.

Who Should Attend?

Finance Managers, Executives in the Oil & Gas Industry, etc

Prerequisite Courses

None

Course Overview