Financial Control for Oil and Gas Contracts and Capital Projects
From Contracts to Capital Projects: Mastering the Drivers of Financial Performance
5-Day Training Course
Key Competencies
By attending this training course, participants will develop key behavioral capabilities that will enhance overall professional effectiveness, supporting continued growth and success in any career path.
Financial Control
Project Financing
Capital Planning
Cost Management
Budgeting
Forecasting
Investment Appraisal
Risk Analysis
Course Overview
The oil and gas industry operates in one of the most complex and capital-intensive environments in the global economy. Financial control is essential to ensure that contracts and projects deliver value, risks are properly managed, and resources are allocated efficiently. With multi-billion-dollar investments, volatile commodity prices, and intricate contractual frameworks, organisations need a robust understanding of financial principles and control mechanisms.
This Financial Control for Oil and Gas Contracts and Capital Projects training course equips participants with the tools to evaluate, plan, and control oil and gas contracts and capital projects. By focusing on financial strategy, cost management, and risk techniques, delegates will learn how to strengthen decision-making and improve project performance in a highly competitive industry.
Key features of this Energy Training Centre training course:
- Provides a comprehensive foundation in oil and gas financial control
- Explains investment decision-making tools including NPV, IRR, and real options
- Demonstrates effective use of capital budgeting and cost management frameworks
- Shows how to analyse financial statements in an oil and gas context
- Equips delegates with risk management tools including sensitivity and scenario analysis
- Combines contracts, projects, and financial performance into a single integrated approach
Course Objectives
The overall objective is to give delegates the knowledge and skills to control the financial performance of oil and gas contracts and capital projects.
- Understand the fundamentals of oil and gas financial control
- Apply investment appraisal tools to capital projects
- Evaluate financing options and calculate cost of capital
- Use shareholder value and EVA as measures of project success
- Apply cost estimation, budgeting, and forecasting techniques
- Manage project and price risk using scenario analysis and financial derivatives
Training Methodology
The Financial Control for Oil and Gas Contracts and Capital Projects training course blends case studies, group exercises, and financial modelling workshops. Participants will analyse real project examples, interpret contracts, and apply investment appraisal techniques to oil and gas scenarios. Each session integrates discussion with practical exercises to reinforce understanding and ensure application to delegates’ own roles.
Who Should Attend
- Project managers and project controllers in the oil and gas industry
- Finance managers, analysts, and accountants working with oil and gas contracts
- Commercial and contract managers responsible for capital projects
- Executives and decision-makers overseeing oil and gas investments
- Risk managers and planning professionals seeking better financial control
- Auditors and consultants working with oil and gas organisations
Course Curriculum
- Historical and current challenges for the industry
- Evolution and development of oil and gas contracts
- Oil and gas industry goals and strategy
- The drivers of business value
- Fundamentals of oil and gas financial reporting
- Choosing the right key performance measures
- The nature of oil and gas investments
- Project life-cycle and stage-gate approach
- Investment decision-making: NPV and IRR
- Investment decision-making: real options
- Oil and gas key investment metrics
- The capital investment budgeting process
- Financing oil and gas investments
- Calculating cost of capital
- Understanding Economic Value Added (EVA)
- Measuring and improving shareholder value
- Analysing and interpreting oil and gas financial statements
- Capital allocation decisions
- Oil and gas costs and behaviour
- Cost estimation techniques
- The business performance management framework
- The benefits and limitations of budgeting
- Alternative approaches to budgeting
- Oil and gas industry forecasting techniques
- An integrated approach to risk management
- Identifying oil and gas industry risk
- Sensitivity and scenario analysis for project economics
- Break-even analysis of oil price versus lifting costs
- Using derivatives to manage oil price fluctuations
- Lessons from oil price volatility and project failure
Certificates Awarded
Certificate of Completion
After successfully completing this training course, participants will be awarded The Energy Training Centre Certificate of Completion — a respected validation of their dedication to continuous learning and professional excellence. This certificate signifies that participants have gained the essential knowledge and skills required to make a measurable impact in their field.
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Frequently Asked Questions
This course focuses on financial control principles, cost management, and investment analysis for oil and gas contracts and capital projects, helping participants enhance financial performance and risk management.
It is ideal for project managers, finance professionals, contract managers, analysts, auditors, and decision-makers involved in oil and gas projects or investments.
Participants gain skills in financial control, cost estimation, budgeting, risk analysis, investment appraisal, and value creation tailored to oil and gas operations.
The course equips participants with analytical tools such as NPV, IRR, and scenario modelling to make informed financial and investment decisions in complex project environments.
Delegates learn to build and interpret financial models using discounted cash flow (DCF), real options, sensitivity, and scenario analysis methods.
Yes. The course integrates real-world case studies, group exercises, and financial modelling workshops to reinforce hands-on learning and practical application.
Participants learn to identify financial and operational risks, perform sensitivity and scenario analysis, and use derivatives to manage oil price volatility.
The course covers key investment tools including Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period, and Real Options Analysis.
No formal finance background is required, but a basic understanding of project or contract management will help participants fully benefit from the program.
Participants receive an official Energy Training Centre Certificate of Completion, validating their professional achievement and enhanced financial management skills.
The course is typically delivered over five days, covering finance fundamentals, investment decisions, financial strategy, cost control, and risk management.
Key topics include oil and gas financial reporting, capital budgeting, cost of capital, EVA, budgeting and forecasting, and integrated risk management.
Yes. It provides detailed coverage of cost estimation methods, budgeting frameworks, and performance management approaches specific to oil and gas projects.
The course teaches how to apply scenario analysis, break-even analysis, and derivative instruments to mitigate the financial impact of oil price fluctuations.
Attendees enhance their ability to plan, control, and evaluate projects financially, leading to improved profitability, reduced risk, and stronger strategic decision-making.
About Energy Training Centre
Energy Training Centre is a leading provider of professional development programs for the energy and public sectors. With over 15 years of experience, we have trained more than 50,000 professionals across the Middle East and beyond.
Our expert-led courses are designed to meet the evolving needs of modern organizations, combining theoretical knowledge with practical applications that deliver immediate value to your career and organization.
50K+
Professionals Trained
15+
Years of Experience
Our Collaborations
We partner with leading institutions to deliver world-class training programs
What Our Delegates Say
Real feedback from professionals who completed this course
Our instructor was very knowledgeable and passionate about the topic. She kept us very engaged.
The instructor has an amazing way of delivering the topic to those without a specialist background.
This training course gave me a more and bigger perspective about design thinking how to implement it and improve my personal and professional life. It is a privilege to be taught by our Senior Consultant.
This was the best instructor I have met in these (Oil & Gas) trainings.
Amazing sessions with the Senior Consultant. Truly insightful and a week well spent getting new knowledge.
The presentation and delivery was excellently done. I was able to understand the basics of trading beyond my expectation. This is solely due to the good teaching method of the Senior Consultant.
The Senior Consultant did an excellent job in presenting the material and bringing real life case studies and examples during the classroom discussion.
This was a beneficial training course, and I was glad to receive a lot of valuable information.
This was really an amazing training course and I learned everything to enhance our system.
The Energy Training Centre Senior Consultant has excellent knowledge of the subject area. His teaching methods made the concept of ORM easy to understand and follow. Overall, excellent training course.
This training course had a very good introduction into operational risk management.
I enjoyed this training course with the guidance of The Energy Training Centre Senior Consultant. He has excellent skills in delivering and presenting the training course and very knowledgeable about the subject. He supports by answering any questions and links it to practice. Additionally, he provides examples to explain and clarify as well as simplify the subject. I would really recommend attending this training course.
The Power System Protection training course was very informative and the facilitator has a great wealth of experience in this area which made the explanations very easy to understand. He runs through the basics and breaks down the complex parts of the power protection systems. It was a rewarding engagement signing up for this training course.
Great and very rich training course content. The instructor was very professional and has great experience in pipeline.
The training course has provided very good illustrations for the topics discussed. The sessions were filled with energy and exciting lectures. I now have a better understanding of contacts through educational sessions, especially in our breakout sessions on contract negotiations. Overall, this has been one of my best training courses so far. Well done!
The Energy Training Centre's senior consultant has rich experience about the Oil & Gas industry which helped us. Sessions were very useful. Thanks a lot for for sharing valuable information.
The refining operations sessions were highly practical and relevant to the Nigerian context. They were very thought-provoking, highlighting what is needed to make petrochemical plants successful in Nigeria and deliver greater value.
The training course is well taught and structured. The knowledge, exposure and solutions are insightful in advising and helping the company and country to diversify the economy.
Highly valuable content and engaging delivery.
Very good training course and excellent presenter.
Great delivery, great facilitator, carried everyone along and always ensured delegates understand the topics taught.
The practical exercises were important to improve learning.
Very great and useful training course.
The training course was very valuable and fruitful. The Senior Consultant was really an amazing instructor.
Great training course. Great instructor and training location.
This is a great and excellent training. Thank you to the instructor for the well-delivered lectures.
Excellent training! Very professional and knowledgeable instructor. Everything was clear and presented in a very clear and interesting way. It has been a really great experience and the training course was delivered in a relaxing and nice environment.
The training course was really great, and I gained a lot of valuable information from the Energy Training Centre instructor. The training course content was enriching and enjoyable. Thank you all.
The Energy Training Centre's Senior Consultant comes with a wealth of knowledge!
The training course is amazing in all aspects, material wise and even time distribution. I wish everyone to go through this training course.
I try to not exaggerate my ratings, but this has really been an exceptional training course. Should be marketed towards senior leaders and executives in EGA.
Great presentation and material.
Very useful day. Good instructor and professional presentation. The facilitator was fantastic and on top of the job. His delivery was on point.
Had a lot of workshop activities and this made the training more practical and interesting. I really enjoyed the training. He gave more practical workshop demonstrations, on worksite safety practices (IOSH) and power generation processes. Very useful exercises. Additional knowledge acquired and very useful training. He is the perfect instructor.
The course and instructor were very informative and this will greatly help me in my job
Very good course and very interesting
The presenter is amazing, he knows how to keep the audience engaged and his information of the topic is excellent.
Very good course and very informative. The integration between energy, politics & economics well explained.
I really enjoyed this course, it was extremely benefiting. Moreover, we had a great instructor and an amazing teacher. To be honest, this is the best training I have ever attended.
The course provided significant insight to energy contracts.
The presenter understands us and has in depth knowledge of the topic and he chose the most appropriate examples to demonstrate it.
The programme has equipped me with the necessary tools to develop our interventions in the capacitation of energy markets and pricing regimes. Objectives met.
Today's session was an interesting and very useful introduction to the modules in production practices. Energy Training Centre Instructor taught in a lucid, chronological and helpful way. Looking forward to tomorrow’s session.
I was in a relax mood & environment. I am very much satisfied with this course. Well done Energy Training! I enjoyed every moment of this course, it was interactive in nature and we had an easy discussion.
The course was very fruitful and valuable to improve our leadership skills, in both life and work aspects. The instructor had significant positive influence to add up lots of great insights to this course subject.
The course is educative and has exposed me to the new trend in power system.
The consultant is knowledgeable and intelligent. The course material is also well written for easy understanding, also used a lot of practical example to deliver his point.
Learnt a lot today, especially the discussion on environmental and social impact.
I wish the training wouldn’t end because the trainer was very knowledgeable. I can’t wait to go back to my workplace and implement what I’ve learned.
The training program was well organized and executed. Energy Training’s willingness to assist us with any of our concerns was awesome. Great job!
The training is quite informative and interactive. Also, the venue is very conducive for learning.
Brilliant course and intelligent consultant.
The training was really perfect and informative as we gained a lot of new informations related to my field and work environment. Thanks a lot to the instructor for the efforts and skills which passed to us as well as special thanks to the coordinator which is really supportive and spent most of her time to be friendly & helpful. Very good course and orgnization. Well done!
The instructor is best lecturer and presenter. I was learning everyday and we shared our experiences so thank you very much Energy Training. I will encourage my colleagues to participate in future seminars organized by Energy Training and suggest it to anyone who are in search of training/seminar.
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