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The Project Decision Making in the Oil and Gas Industry Course gives oil and gas project professionals a comprehensive, industry-specific framework for making better project decisions — covering project sanctioning, strategic business case development, project finance and financial modelling, project leadership, stakeholder engagement, performance measurement, and decommissioning planning across the full oil and gas project lifecycle.
Decision-making in oil and gas projects is uniquely demanding. High capital commitments, complex regulatory environments, long project lifecycles, volatile commodity prices, and multiple interdependent stakeholders mean that every major project decision — from sanction through execution to decommissioning — carries significant financial, operational, and reputational consequences.
This course addresses every decision-critical dimension of oil and gas project management — from Project Sanctioning and Approval Processes and strategic business case development, through limited and non-recourse project finance, DCF analysis, KPI definition, project integration, stakeholder engagement, and project reporting, to decommissioning and rehabilitation planning. Every module is grounded in oil and gas industry context and real project decision scenarios.
The Project Decision Making in the Oil and Gas Industry Course is built for oil and gas project professionals who want the analytical tools, financial literacy, leadership capability, and governance awareness to make better decisions across every stage of the project lifecycle.
The Project Decision Making in the Oil and Gas Industry Course is designed to develop comprehensive project decision-making capability specific to the oil and gas industry — from project sanctioning and strategic planning through financial modelling, project leadership, stakeholder management, and decommissioning.
By the end of this course, participants will be able to:
The Project Decision Making in the Oil and Gas Industry Course is designed for oil and gas project professionals who are involved in project decision-making, sanctioning, finance, leadership, or governance — and who want a structured, industry-specific framework for making better project decisions across the full lifecycle.
This course is suitable for:
The Project Decision Making in the Oil and Gas Industry Course is delivered through a technically and commercially structured learning approach that moves from project management fundamentals and industry-specific sanctioning processes through project finance, financial modelling, leadership, stakeholder engagement, and decommissioning. Each day addresses a distinct decision-making domain within the oil and gas project context, building a complete, integrated understanding of how project decisions are made and governed across the full project lifecycle.
Industry-specific case examples, financial modelling discussions, stakeholder analysis exercises, and project reporting framework sessions are integrated throughout, ensuring delegates connect decision-making frameworks to the real oil and gas project challenges they face in their professional roles.
Delivery methods include:
Intricacies of Project Approval in the Oil & Gas Industry
Strategic decision making through the Project Life Cycle
Project Leadership Skills
Evaluation Mathematics in Project Finance
Starting with the End in Mind
Project Management Integration
Project Reporting Techniques
Preparing for Project Decommissioning
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Common questions about our training courses
This course is designed for senior project managers, project directors, project sponsors, project finance professionals, strategic planning specialists, regulatory officials, and project controls professionals who are involved in oil and gas project decision-making across any stage of the project lifecycle. It is suitable for both experienced oil and gas professionals formalising their project decision-making knowledge and those newer to oil and gas project governance who need a comprehensive industry-specific foundation.
Strategic decision-making is addressed across Days 1 and 2, examining how macro-environmental factors, regulatory frameworks, and stakeholder dynamics influence project choice and approach at different lifecycle stages, and how project feasibility, preparation, and planning decisions are made with appropriate consideration of accountability and governance. Delegates develop the strategic decision-making awareness to evaluate project options with the discipline that major oil and gas capital commitments demand.
Defining success criteria and KPIs is addressed within Day 4, examining how oil and gas project success is defined from the outset, how measurable KPIs are established to track progress against that definition, how project requirements are captured, and how the project charter formalises these commitments into a governance document that guides execution. Delegates develop the project integration discipline to ensure that success is defined clearly before execution begins rather than evaluated retrospectively through different criteria.
Day 1 covers the PSAP in detail, examining how project sanctioning works in oil and gas organisations, how strategic project business cases are developed to support approval decisions, and how project identification and accountability for project ideas are managed from exploration survey and drilling through to development sanction. Delegates develop the structured understanding of what a credible, approval-ready oil and gas project business case requires — and what the most common weaknesses are that delay or prevent project sanction.
Project leadership is addressed within Day 2, covering how executive leadership styles are built to guide oil and gas projects toward performance and profitability, what the typical oil and gas project organisation looks like, and what unique requirements the Oil and Gas Project Manager role carries compared to project management in other sectors. Delegates develop the leadership awareness to build and manage project organisations that are structured for effective decision-making, communication, and execution in complex oil and gas project environments.
Decommissioning and rehabilitation planning are addressed within Day 5 as an integral component of oil and gas project lifecycle management rather than an afterthought at the end of production. Delegates develop the understanding that decommissioning obligations must be planned and financially provided for from the earliest stages of project development, and that decisions made during project design and execution directly affect the cost, complexity, and liability associated with eventual decommissioning and site rehabilitation.