Course Overview
Strengthen strategic decisions by mastering risk assessment and uncertainty analysis across the petroleum value chain.
Course Overview
Petroleum projects involve high capital investment, long development cycles, and significant technical and commercial uncertainty. Effective risk analysis and structured decision-making are essential for maximising value and reducing exposure throughout exploration, development, and production activities.
This course provides a practical foundation in identifying, quantifying, and managing risks specific to petroleum operations. Participants explore decision-analysis tools, economic evaluation techniques, uncertainty modelling, and common risk frameworks used across upstream oil and gas. Through real petroleum case studies, the programme equips professionals to make informed, defensible, and value-driven decisions.
What you’ll learn
By the end of this course, participants will be able to:
- Identify and assess technical, commercial, operational, and strategic risks in petroleum projects.
- Apply quantitative and qualitative risk analysis tools commonly used in oil and gas.
- Use decision-making frameworks to evaluate project options under uncertainty.
- Interpret economic indicators, probability distributions, and risk-adjusted outcomes.
- Strengthen organisational resilience through structured risk management practices.
Certification Details
Upon successful completion of this programme, participants will receive an Oxford Knowledge Certificate of Completion.
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Awarded by: Oxford Knowledge
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Format: Printed certificate with unique ID and optional digital verification
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Delivery: Issued at course completion or sent within 7 working days
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Recognition: Certificates validate participation in advanced, expert-led training aligned with global industry standards.
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Accreditation: Oxford Knowledge certifications represent advanced learning led by global experts. We are actively pursuing formal accreditations with top-tier institutions to further enhance your credentials.
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This certificate demonstrates your commitment to professional excellence and is a valuable addition to your leadership and development portfolio.
Requirements
- Designed for petroleum engineers, geoscientists, project managers, planners, finance analysts, and commercial teams
- Suitable for upstream companies, national oil companies, service firms, joint-venture teams, and regulators
- No advanced statistical background required; concepts introduced through practical examples
- English proficiency required (course delivered in English)
Instructor
