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Project Economics Decision Making & Risk Analysis

The petroleum business is the largest industry in terms of dollar value and the petroleum markets are confronted with high volatile prices and uncertain market conditions. It is both capital intensive and technically complex, involving difficult decision-making with wide array of associated risks and uncertainties. 

This 4-Day accelerated masterclass in Project Economics Decision Making & Risk Analysis for the Oil & Gas industry is designed to give delegates a comprehensive understanding of project economics of worldwide oil & gas production, decision-making and risk analysis.




Training Schedule

Course Outline

Key Learning Objectives

  • Understand the basics of petroleum exploration, production, and the recovery mechanisms to fully understand the business.

  • Recognize the industry’s latest technological advances, innovations and the success factors in oil & gas geology, drilling operations, reservoir management, Enhanced Oil Recovery, and E&P strategies. 

  • Master the estimation of recoverable reserves, reserves-to-production ratios and the supply demand relationship

  • Ascertain the criteria used in project economics decision-making and apply tools; e.g., rate of return, NCF, NPV, PI, Payout, EMV, LRMC, Economic-limit given the prices of oil & gas, as well as the objectives of different investors and producers.

  • Comprehend the objectives of different investors, contractors, and the host government in the context of production sharing agreements, and concession agreements.

  • Comprehend and practice the decision making techniques, portfolio analysis and risk management.

  • Understand the petroleum industry accounting, financing and ownership of oil & gas industry.

  • Recognize and effectively deal the major risk factors in Health, Safety and Environment and its economic impact on recent major industry accidents

Who Should Attend

  • Geologists, Geophysicist and Engineers

  • Business development managers

  • Negotiators and contracting professionals

  • Corporate planning professionals

  • Supply Planners & Scheduling professionals

  • Government regulators

  • Law professionals

  • Tax & finance advisors

  • Auditing personnel  

  • Compliance officers

  • Equity analyst and Bankers

  • Joint Venture officers

  • Offshore contractors

  • Government officials

  • Land administrators

  • Tax advisors

  • Policy advisors

  • Consultancies


Mr. Hameed Siddiqui is the President of Prescience Energy Consulting Inc., USA. He was the former Head of Marketing Services Division, Crude Oil Sales & Marketing, as well as Assistant to Vice President of Marketing in Saudi Aramco. Hameed is also the former Chairman of Society of Petroleum Engineers, Los Angeles Section, USA.

Hameed specializes in Oil & Gas Business Management, which includes Future Energy Trends, Identifying Critical Success Factors in Upstream and Downstream businesses, Supply Chain Value Management, Heavy and Unconventional Oil & Gas, International Oil Supply, Sales & Marketing, Trading, Risk Management, Petrochemicals, Designing Progressive Fiscal Tools in Contracts and Negotiations, and NOC-IOC Synergy.

Hameed Siddiqui

Oil & Gas Industry Expert

Hameed holds a Double-Master’s Degree from Stanford University (USA) i.e., MS in Petroleum Engineering and MS in Business Management, and Bachelors in Chemical Engineering/Refining from the IIT-Varanasi, India. He is a certified Supply Chain Manager (CSCM, USA). After starting his career in the enhanced oil recovery research project sponsored by the US Department of Energy at Stanford University Petroleum Research Institute, Hameed moved into corporate planning (at Getty Oil / Texaco), specializing in the investment analysis of oil, gas, M&A, and diversified businesses.

This was followed by 30 years with Saudi Aramco, working at various projects in the US, UK, Germany, Egypt, & Saudi Arabia supporting management of oil & gas, international operations, strategic planning and petrochemical business. In the various roles he held in the company, he has conducted global crude oil sales and marketing. He has supported Saudi Aramco’s strategic planning, development of worldwide oil business, oil refineries, petrochemicals, and international joint ventures.

Hameed has published technical papers on Supply Change Management, Enhanced Oil Recovery, Integrated Planning, and Reservoir Modelling in the oil & gas industry. He is a member of SPE, AIChE, IAEE, and ASHRM. He was also honored as a President’s Scout with the prestigious certificate of merit and good conduct from the President of India, Mr. V.V. Giri. Hameed has trained/consulted in petroleum and petrochemical industries in worldwide locations. He has also presided in several international oil & gas petroleum conferences and seminars as Keynote Speaker, Expert Panel Member, Training Director, and Symposium Director.

Course Facilitator

Public Training

Early Bird Discounts

Register 2 months prior

Register 1 month prior

Save USD $400

Save USD $200

Group Discounts

3 or more delegates

5 or more delegates

10% Savings

20% Savings

Original Price

USD $4950

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In-House Training

Have a team to train?

Have a requirement to run the course internally?


Hold an in-house course at your convenience, with customised course outlines and specific industry case studies. We can adapt this training to meet your exact needs.

Contact us to find out more!

Christine Davies

Managing Partner


Competency training is a new and targetted way to deliver not just knowledge but know how to attendees that maximises their learning.


We lift the technical competency profile of staff so that they can make a true commercial difference to the companies they work for.

Nina Singh | Causal Capital Product Inteligence

Causal Capital has a really strong reputation for delivering quality training programs where participant learning lasts years after the knowledge transfer has begun.  We develop cutting edge masterclasses that addresses the real business problems our attendees face in their day to day work. Our learning is enjoyable, highly instructive, practical and easy to follow and we lift CV of our candidates to a best practice technical level.

  • All programs are hands onpractical and easy to follow

  • Materials are available in hard and electronic format

  • Attendees gain lifetime membership to portal libraries

  • Technical aspects are explained with real life examples

  • All our programs come with post workshop support

  • Real problem solving ... Bring your business problem along

Why Causal Capital

T: +65 6221 7919 | +65 6221 7939



105 Cecil Street, #22-00, The Octagon Suite 2203, Singapore 069534

Registerd Company No.: 200619120E

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