Mark Twain famously said, “buy land—they’re not making it anymore”. This adage had a similar appeal in the early energy industry. Investors went for “find energy—wherever it is and as much—they’re not making it anymore”. And at least in the early decades of the petroleum industry, the advice worked. Yet, as real estate investors soon found out that not all property has value, energy investors also realised that not all energy projects create value. The energy business is facing new challenges, from harder to find resources to an uncertain market. The energy version of Mark Twain's adage has effectively lost its appeal.
With their technical and market uncertainty, then which projects should we invest in and which ones to reject? We should select those that create value. Here, analytics and valuations have become increasingly significant. We should understand the uncertainty, describe its effects, and make informed decisions. This course discusses the art and science of analysis for value creation. It discusses theory and practice and aims to generate insights about value creation.
This course aims to provide the knowledge and skills to analyse and evaluate investment decisions— to distinguish value-creating from value-destroying ventures. Finding energy resources is an uncertain business. Historically, many ventures failed, yet some successful projects also led to business success and significant value creation. Then, what is a good project opportunity?
The answer is likely multi-dimensional; it is about understanding disciplines from subsurface to economic, comprehensive coverage that eventually reflects our understanding of the value potentials of energy projects.
By the end of this training course, the participants will be able to:
The training course participants will receive thorough training utilising various proven adult learning teaching and facilitation techniques, including lectures, discussions, and computer applications. The sessions are interactive, and we encourage active engagement in the discussions. At the heart of the informed analysis is clear thinking. This course promotes economic reasoning and logical thinking through the discussion of real-world case studies.
Any energy firm primarily runs a business, and creating value should be the goal.
This course focuses on everyone who can think and act clearly and effectively in energy value creation.
This course cultivates individuals that:
This training course is beneficial to anyone involved in valuations and investment decision making. Likewise, individuals in technical and managerial positions interested in the energy business will benefit from this course.
This training course is suitable to a wide range of professionals but will greatly benefit:
DAY ONE: PRINCIPLES OF CORPORATE FINANCE AND VALUE CREATION
DAY TWO: FROM UNCERTAINTY TO VALUE
DAY THREE: PROJECT CASH FLOWS, UNCERTAINTY, AND RISK
DAY FOUR: PROJECT APPRAISALS
DAY FIVE: CHALLENGES IN THE ENERGY LANDSCAPE
The Energy Training Centre Certificate of Completion will be given to the participants who
attended and completed the training course.
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