Oil & Gas training in Nigeria
Petroleum Economics: Projects, Value, Risk & Strategy
Evaluate oil and gas projects from a financial and commercial perspective: project value, costs, cash flows, risk and investment decisions.
- Formats
- Classroom · Virtual · Online · Corporate
- Price
- ₦250,000 per participant
- Duration
- 5 days (classroom)
Petroleum Economics: Projects, Value, Risk & Strategy at a glance
Petroleum Economics: Projects, Value, Risk & Strategy is a 5 day oil and gas course run by Upscale Learning & Development Ltd in Port Harcourt, Lagos and Abuja, and live online for learners across Nigeria and Africa. The fee is ₦250,000 per participant. Participants receive a certificate of completion. The next public class starts on 9 Oct 2026.
Course Overview
This course provides participants with a practical understanding of how oil and gas projects are evaluated from a financial and commercial perspective. It covers project value, costs, risks, investment decisions and the key factors that influence the profitability of petroleum projects.
Course Curriculum
This programme runs over five intensive training days.
Day 1: Fundamentals of Petroleum Economics
- Introduction to petroleum economics
- Oil and gas project lifecycle
- Costs, revenues and cash flows
- Production profiles and reserves
- Key economic indicators
Day 2: Oil & Gas Project Evaluation
- Capital and operating expenditure
- Revenue estimation
- Cash flow analysis
- Time value of money
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
Day 3: Risk & Uncertainty
- Sources of risk in petroleum projects
- Oil and gas price risks
- Production and cost uncertainties
- Sensitivity analysis
- Scenario analysis
- Risk management
Day 4: Investment & Commercial Decisions
- Investment decision making
- Project ranking and selection
- Economic limits
- Break even analysis
- Joint ventures and project economics
- Contract and fiscal considerations
Day 5: Strategy & Practical Applications
- Project development strategies
- Maximising project value
- Economic decision making
- Practical case studies
- Oil and gas project evaluation exercise
Course Objectives
At the end of the training, participants will be able to:
- 1Understand the fundamentals of petroleum economics
- 2Evaluate the financial viability of oil and gas projects
- 3Understand project costs, revenues and cash flows
- 4Apply basic economic evaluation techniques
- 5Assess project risks and uncertainties
- 6Understand investment and project development decisions
- 7Make better commercial decisions in oil and gas projects
Who Should Attend
- Oil and gas professionals
- Petroleum and production engineers
- Project managers
- Finance and accounting professionals
- Commercial and business development personnel
- Economists and analysts
- HSE and technical professionals
- Graduates and young professionals
Course Features
- Duration
- 5 days (classroom)
- Training Options
- Classroom | Virtual | Online | Corporate (in house)
- Course Fee
- ₦250,000 per participant
- Certificate
- Certificate of Completion
- Training Method
- Facilitator led practical training with real facility examples, worked exercises and case studies.
- Location
- Lagos, Port Harcourt, Abuja / Virtual & Online
- Next Training Date
- 2026-10-09
Course Benefits
- Confidence in NPV, IRR and cash flow analysis for oil and gas projects
- A structured approach to judging project viability and investment decisions
- Clear handling of price, production and cost uncertainties
- Better commercial decisions across the project lifecycle
Why choose Upscale Learning
Every programme is delivered by practising auditors and engineers who have run the systems they teach. Training is practical, mapped to the standard or role competence, and grounded in Nigerian operating reality, so you leave with a capability you can apply, and a certificate your employer and clients recognise.
Need this training for your team?
We deliver this programme as a private cohort (at your site, virtually, or in our classrooms) tailored to your processes.
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Compare every course and fee on the course fees page, or see training in Port Harcourt, Lagos, Abuja and online across Africa.
Ready to develop your skills?
Secure your place on the next cohort or talk to us about a private team programme.