Oil & Gas Projects and Cost Estimation Methods

Oil & Gas Projects and Cost Estimation Methods

Course Category : Project Management

Empowering professionals to manage and estimate oil and gas project costs effectively without compromising safety, performance, or strategic objectives
5 Days
Intermediate Level.

Starts On

30 - November - 2026

Ends On

4 - December - 2026

Location

Netherlands - Amsterdam

Language

English

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View Course Introductory PDF

Targeted Audience

Finance managers
Budget holders
Project managers
Professional engineers
Personnel providing direct project and cost support

Targeted Skills

Managing costs in oil and gas projects
Applying advanced cost estimation techniques
Financial planning and budget control
Analysing risk and financial impact
Capital investment evaluation

Expected Outcomes

Apply effective methodologies for managing oil and gas project costs
Use cost estimation tools to improve budget and forecast accuracy
Analyse the relationship between cost, risk, and cash flow
Evaluate capital projects using financial investment indicators
Control cost variances and enhance project financial performance

Training Topics Index

Profit now versus profit later
Strategy-driven cost management
Cost versus value and profit drivers
Cash flow versus profit
Cost and risk relationship

Understanding cost structures
Value-based cost management
Cost reduction and profit improvement plans
Fixed and variable costs
Costing approaches (Absorption, Marginal, ABC)

OPEX planning approaches
Value engineering applications
G&A cost planning
Forecasting tools and techniques
Cost, profit, and risk modelling

Cash flow modelling for decision-making
CAPEX planning systems
Time value of money
NPV, IRR, EVA
Sensitivity, scenario, and Monte Carlo analysis

Budgeting process
Budgeting in oil and gas cost management
Variance analysis
Budgeting systems in practice
Beyond budgeting concepts