An intensive professional development training course on
Project Decision Making in the Oil and Gas Industry
Why Choose Project Decision Making in the Oil and Gas Industry Training Course?
Do the decisions made within your project organization provide clear direction for future projects? Large-scale projects in the oil and gas industry today face significant challenges, as they grow increasingly complex, innovative, and technologically demanding. It is crucial to ensure proper project selection, with clear benefits defined and understood from the outset, and thorough planning to support successful delivery.
Making sound, informed project decisions is a critical task for organizations, though it can be difficult to execute effectively. This Project Decision Making in the Oil and Gas Industry training course offers a step-by-step guide to decision-making processes. It introduces decision analysis, using various decision criteria and types of information, both high and low in quality. The course also explores decision alternatives, as well as the goals and objectives that drive effective decision-making.
This course will highlight:
- The need to undertake Front End Design & Survey in an Oil & Gas environment
- How to establish the key requirements necessary to support Oil& Gas project approval
- How Oil & Gas organisations ascertain the strategic fit and relevant options for project delivery
What are the Goals?
By the end of this training course, participants will be able to:
- Identify with relevant stakeholders and communication needs in the Oil & Gas industry
- Understand key contextual requirements within the project environment
- Accurately estimate and allocate project costs and associated benefits
- Systematically define, design, and integrate end-user requirements in the project decisions
- Understand how the time-value of money techniques help to support decisions
- Identify risk sources and learn how to mitigate potential risks and deal with uncertainty
The Course Content
- Projects and Programmes
- Project Life Cycles and Stage Gates
Intricacies of Project Approval in the Oil & Gas Industry
- Project Sanctioning and approval Process. (PSAP) for the Oil & Gas Industry
- Development of the Strategic Project Business Case
- Project Identification–Awareness of accountability of Project Ideas
- Exploration Survey & Drilling
- Appreciation of macro-environment in relation to project choice
- Understand who stakeholders are and how they may impact upon the project
- Regulatory framework, institutional factors and infrastructure
Strategic decision making through the Project Life Cycle
- Project Feasibility Decision makers
- Project Preparation & Planning responsibilities
Project Leadership Skills
- Build an executive leadership style that guides the project toward greater performance and profit
- Understand the Project Organisation in a typical Oil & Gas project
- Project Manager–Unique Requirements
- Project finance: Limited and non-recourse project finance
- Structuring project finance deals
- Financing/ credit risk considerations for the Oil & Gas project
Evaluation Mathematics in Project Finance
- The time value of money – how it applies to project finance
- Yields and rate of return - Discounted Cash Flow (DCF) analysis
- Understand why some projects fail
- Gain an understanding of successful projects and analyse reasons for success
Starting with the End in Mind
- Define success criteria and KPI’s of an example Oil & Gas project
- Capture Project Requirements
- Development of the Project Charter
Project Management Integration
- Understand the need for a project team approach
- Importance of communication in an Oil & Gas project
- Project Systems and Processes for procurement, award of contracts, workforce management
- Identify and plan to engage with the project’s key stakeholders
- Centralised vs. Participatory Monitoring
Project Reporting Techniques
- Optimal Project Review Types and Intervals
- Control Decision-making
- Project Evaluation criteria
Preparing for Project Decommissioning
- Decommissioning and rehabilitation considerations
Certificate and Accreditation
- AZTech Certificate of Completion for delegates who attend and complete the course
How Aztech Saudi Can Enhance Your Professional Career
At Aztech Saudi, we believe that professional development is the foundation of long-term career success. This training course is expertly designed to equip individuals with practical skills, forward-thinking strategies, and the confidence to navigate today’s dynamic work environments. Each course is delivered by subject matter specialists with extensive industry experience, ensuring that every learning experience is relevant, impactful, and aligned with real-world challenges. Whether you're looking to strengthen your technical expertise, enhance leadership abilities, or stay ahead of industry trends, Aztech Saudi provides the tools you need to elevate your performance and deliver measurable value to your organization.
Our training is more than just knowledge transfer—it’s a catalyst for career transformation. By participating in our courses, professionals gain a competitive advantage in their fields, improve their decision-making capabilities, and position themselves for new opportunities and leadership roles. We take pride in supporting individuals across various sectors and career stages, helping them unlock their full potential through high-quality, globally benchmarked learning experiences. With Aztech Saudi as your development partner, you’re not only investing in education—you're investing in a stronger, more successful future.
This training course is also part of the 10-day titles:
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