Topics
Value creation
Focusing on the creation of value rather than operational measures of success; how managerial decisions affect the firm's value
Capital investment and project evaluation
Basic discounted cash flow concepts; estimating cash flows and determining the appropriate cost of capital; comparing capital expenditure techniques—payback, IRR, NPV, etc.; reappraising the project decision—some "softer" issues to consider after the numbers have been run.
Financial accounting techniques
Understanding the three primary financial statements—income statement, balance sheet and cash flow statement; distinguishing between reported profit and cash flow; analyzing published oil and gas company annual reports; reporting the results of oil and gas firms—full-cost vs. successful-effort vs. standardized-measure data required by the SEC
Financing large energy projects
Comparing project financing to internal financing; creating value by efficiently allocating risk; understanding how capital markets evaluate risk and return in infrastructure projects; assessing bond rating process
Financial engineering
Demystifying derivatives; understanding forwards, futures, swaps and options; weighing the benefits and risks of hedging programs
Who Should Attend?
Mid-level and senior-level non-financial managers wishing to achieve financial literacy in an energy-industry setting
Financial managers wishing to sharpen their skills, broaden their base of knowledge and relate their functional skills to a broader, general management context