Cost Engineering, Financing and Risk Management for Upstream and Downstream Oil & Gas Projects

Cost engineering, financing, and risk management are critical components of successful upstream and downstream oil and gas projects. The "Cost Engineering, Financing, and Risk Management for Upstream and Downstream Oil & Gas Projects" course is designed to equip professionals with the essential knowledge and skills needed to effectively manage the financial aspects of oil and gas projects.

The two critical components that consistently demand the attention of project managers are "Cost" and "Time." The undeniable correlation between Cost and Schedule is widely acknowledged. While capturing costs during execution may not pose significant challenges, the complexities arise during the stages of Design, Engineering, Estimating, Planning, Scheduling, and securing financing for the project. Corporate management is tasked with delivering pragmatic, dependable, and risk-adjusted projections of a project's comprehensive financial performance.

This 5-day course is developed to make the delegates walk through the engineering formulas and equations to become a professionals in managing estimates, projections, risks, and uncertainties and secure financing for high-value, high-risk projects, from both Onshore and Offshore Oil & Gas industry segments.

Objectives

• Develop a strong understanding of cost engineering principles for creating budgets and Project Cost Models.
• Gain insight into the various financing structures for EPC projects, specifically within Offshore and Onshore Oil & Gas projects on an international scale.
• Identify and assess risks related to cost estimates and individual cost elements, enabling the development of strategies to minimize exposure to price fluctuations and market volatility.
• Understand the relationship between cost and project schedule to ensure timely fulfillment of contractual obligations.
• Build the skills to manage risks of cost and schedule overruns through the implementation of effective cost control mechanisms.