Valuation of upstream, midstream and downstream assets is an essential requirement of decision making for the oil and gas industry. This course discusses the fundamental variables and issues associated with petroleum asset valuations and provide an appreciation of how to assess the key uncertainties involved. The course is pitched to appeal to professionals with a large range of technical and commercial backgrounds and varying levels of experience seeking insight to the broad range of asset valuation techniques required across the industry

Experienced Finance Professionals
Working for a leading oil, gas or financial organisation means you’ll be working in a highly competitive environment. In order to stay ahead you’ll need to keep pace with your colleagues. This course ensures that you maintain and enhance the knowledge and skills you need to deliver a professional service to your clients. Become more effective in the workplace and help advance your career. Learn or refresh your skills in financial statement analysis, financial modeling and valuation, and stay ahead of the curve.

Oil price benchmark and realised premium/discount to the benchmark

Production growth

Production cost per barrel

Replacement costs per barrel (finding & development)

Exploration & development expenditure

Movement in undeveloped vs. developed reserves

Movement in abandonment provision

Effective tax rate

The model will subsequently be used to perform a DCF and NAV valuation

Contingent resources

Best Estimate of Prospective resources (EMV)

Operating Working capital

Other balance sheet adjustments

Compute operations metrics"

Industry Overview

Accounting and Financial Statement Analysis

Comparable Valuation Analysis

Introduction to Upstream Fiscal Regimes

Modeling a Concession Agreement

Modeling a Production Sharing Agreement

Whole Company Financial Modeling for E&P Companies

DCF and NAV Valuation

Comparable Transactions Analysis