We are pleased to offer a 3 day course in portfolio management for the upstream, i.e. exploration and production, oil & gas business. The course outline is shown below, and can be adapted to the requirements of individual clients.
Day 1 – Portfolio management: concepts & principles
Participants’ introductions and goals
Objectives & benefits of portfolio management
Defining a portfolio
Key concepts
- Portfolio hierarchy – project, asset, licence, basin, business, corporate
- The portfolio database structure
- Quantitative portfolio elements – risk, cost & reward
Recap of key economic concepts: NPV, EMV, IRR, ROCE
Resource & reserve definitions
Portfolio segmentation
- NBD
- Exploration
- Development and production
- Downstream
Exercise 1 – the relation between strategy and portfolio
Project management and the portfolio
- Project mgt framework
- The portfolio funnel
- Case studies
Day 2 – Portfolio assessment: techniques and tools
Recap of day 1 and participants’ learning points
Risk management
- The risk matrix & risk register
- Risk assessment – Above ground
- Risk assessment – Below ground
Volume and value assessment
Portfolio modelling
- Principles
- Portfolio modelling tools
- Case studies
Exercise 2: Building an optimized exploration business plan
Modeling production profiles
Portfolio and project characterization in charts
Day 3 – Portfolio management: the organizational & business context
Recap of day 2 and participants’ learning points
Decision making in a portfolio context
The portfolio management team – structure & role
- Organisational culture
- Value assurance and quality control
- Role of the assurance team
- Role in the project management framework
- Individual portfolio elements (Projects)
- Portfolio reviews
Venture performance plans: a multi-year perspective
Annual business plans; defining performance targets & scorecards
Exercise 3: performance targets
Summary
Next steps
- Check against participants goals
- Change management plan
- Participants learning points
Key information:
The course fee includes 3 days delivery and up to 2 days of preparatory teleconference with management to agree course emphasis and tailor the content.
Course presenter: Dr Mike Naylor
Course Duration: 3 days
Max Participants: 25-30
Deliverable: Worldwide