Effective Planning in the Oil and Gas Industry

By the end of this training course, participants will be able to:

• Analyze relevant economic, technological, legal and social trends using big data analysis
• Develop multiple realistic scenarios for your company
• Create scenarios for planning and decision making purposes
• Facilitate scenario planning workshops
• Present to board level decision makers with impact

Content

History and Theory of Scenario Planning

• Overview of the course
• Introductions
• History of Scenario planning
• Theory of scenario based strategy
• Trend analyses using Artificial Intelligence and Big Data
• Horizon scanning and early warning systems

Exploring the World of Oil & Gas

• Case studies and examples
• Defining predetermined elements and key uncertainties
• Deep dive: Modelling
• Developing Scenario frameworks
• Facilitating scenario workshops

Developing Scenarios

• Steps in developing scenarios and the Power of Stories
• Creating narratives and timelines
• Quantification of scenarios
• Integrating Qualitive and Quantities Material
• Presenting Scenarios to decision makers, executives and stakeholders

Using Scenarios (Real Options)

• Introduction to Real Options Theory
• Call and put options in up- and downstream investments
• Stress testing and wind tunneling existing strategies
• Developing real options to minimize downside risk and maximize upside potential
• Quantification of options using a binominal approach
• Using Options Theory to valuate investments and support decision making

 Strategy, Planning and Taking it Home

• Linking scenarios and options to strategy, planning and budgeting processes
• Transferring the methodology to your existing strategy and planning process
• Essential soft skills, personal and team competences
• Road mapping next steps
• Evaluation of the course

For whom:  Accountants, Auditors, Human Resources Managers, Directors, Treasurers, Lawyers, and others who perform related functions in the Oil and Gas Industry.

Training Methodology                               

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

Date:

26th – 29th March, 2019