Best Practices in Portfolio Management

Portfolio Management is critical for exploration and production companies as it helps them to achieve maximum value from projects.

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Level: Intermediate
Type: Classroom

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Our training programs are promoted to engineers, supervisors, and technical teams across the globe, supporting their continuous development and operational competency.

About Training

Portfolio Management is critical for exploration and production companies as it helps them to achieve maximum value from projects. Portfolio management allows companies to be more proactive and sensitive to the changes in market.

This training program will present the principles and best practices of portfolio management in the upstream E&P oil and gas industry. It will also examine how the downstream elements of a vertically integrated oil company can be treated in the total portfolio. The course content is equally valuable to small independents, large integrated international companies and national oil companies.

The course consists of a number of lectures supported by practical exercises and syndicate discussions. Particular emphasis is given to pragmatic portfolio management approaches and solutions which can be implemented swiftly without recourse to major investments in planning and portfolio management software. The course will draw on examples taken from the presenter’s 35 years’ experience in the oil and gas industry. Participants will gain proficiency in portfolio management techniques, understand how and why to undertake this activity and be able to apply key concepts directly in the business of their teams/ divisions.

Training Objectives

Be able to design a simple portfolio database and describe complex projects in a small number of objective metrics
Be able to segment the portfolio into meaningful units
Be able to use the portfolio data in making business choices and decisions at the strategic and tactical levels
Be able to make comparisons across different portfolio segments

Audiences

Job Titles Include:
• Exploration and Development Geoscientists
• E&P Economists
• Finance
• E&P Managers
• Non-Technical Staffs

Instructor

Michael Naylor

He worked as an independent consultant for the past years, and prior to this was employed by Shell for 31 years, initially as a research scientist and geoscientist in oil and gas exploration, and later in senior management and leadership roles. Specialist expertise in upstream oil and gas, with in-depth experience in exploration strategy, portfolio valuation and risk assessment.

Daily Aims

DAY 1—Portfolio Management: Concepts & Principles

Participants’ Introductions and Goals Objectives & Benefits of Portfolio Management
Defining a Portfolio
Portfolio Segmentation

Exercise 1—The Relation between Strategy and Portfolio

Project Management and the Portfolio

DAY 2—Portfolio Assessment: Techniques and Tools

Risk Management

Exercise 2—Developing a Simple Risk Matrix and Risk Register

Portfolio Modelling

Exercise 3—Building an Optimized Exploration Business Plan

Modelling Production Profiles
Portfolio and Project Characterization in Charts

DAY 3— Portfolio Management: The Organization & Business Context

Decision Making in a Portfolio Context
The Portfolio Management Team
Value Assurance and Quality Control
Organizational Culture

Exercise 4—Cultures and Behaviours which help or hinder portfolio management

Venture Performance Plans—a Multi-year perspective
Annual Business Plans; Defining Performance Targets & Scorecards

Exercise 5—Setting Performance Targets for Different Types of Upstream Company

Summary

Training Schedule

Upcoming Trainings Past Trainings

No upcoming session is scheduled yet. Send a quick inquiry and we will let you know the next date.

Why Choose This Training

Credibility

Align with API/ASME standards. Trusted by major operators.

Expert Instructors

Led by industry veterans with real field experience.

Real Case Studies

Practical application of concepts through real world scenarios.

Practical Skills

Hands on calculations and decision making for FFS outcomes.

Trusted by Operators

Delivered to Aramco, ADNOC, SABIC, and other major operators.

Global Training Standard

Recognized across major industries by PetroSync's proven approach.

Professional Training Aligned with Industry Standards

Practical, industry ready training designed for real work environments

Free Consultation

Limited seats available

Frequently Asked Questions

What types of training programs does PetroSync offer?

PetroSync offers various training programs for the oil, gas, petrochemical, and energy industries, such as API, ASME, Reliability, Drilling & Well Engineering.

Are training sessions conducted online or in person?

PetroSync provides both online and in-person training options to accommodate participants' preferences and needs.

How long is the duration of PetroSync's training programs?

The duration of each program varies, typically ranging from 3 to 5 days, depending on the complexity of the topic.

Do these courses include practical sessions?

Yes, most PetroSync courses include practical exercises, case studies, and real-world applications to enhance learning outcomes.

Are there specific courses for beginners or professionals new to the industry?

Yes, PetroSync offers foundational courses designed for beginners, as well as advanced programs for experienced professionals.

How do I register for a training program?

You can register directly through the following link: https://www.petrosync.com/training/ by selecting your desired training program.

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PetroSync accepts two payment methods:

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Is there a discount for group registrations?

Yes, PetroSync offers special discounts for group registrations. Please discuss this with our Sales Team by filling out the form on the designated page first.

Is there a refund policy for cancellations?

Delegates who cancel after the training has been officially confirmed via email are required to pay the full course fee, and no refunds will be granted. However, you may substitute delegates at any time as long as reasonable advance notice is given to PetroSync.
If PetroSync cancels, postpones, changes the trainer, or alters the training location (classroom/virtual) for any reason, and the delegate is unable or unwilling to attend on the rescheduled date, a 100% credit voucher of the paid contract fee will be issued. This credit voucher can be used for another PetroSync training program, subject to mutual agreement, within one year from the postponement date.
PetroSync is not responsible for any loss or damage resulting from the cancellation policy and assumes no liability if the event is canceled, rescheduled, or postponed due to force majeure (e.g., natural disasters, war, government actions, industrial actions).

What happens if the training schedule is changed?

If PetroSync cancels, postpones, changes the trainer, or alters the training location (classroom/virtual) for any reason, and the delegate is unable or unwilling to attend on the rescheduled date, a 100% credit voucher of the paid contract fee will be issued. This credit voucher can be used for another PetroSync training program, subject to mutual agreement, within one year from the postponement date.

Will I receive a certificate upon completing the course?

Yes, participants who complete the training will receive either an attendance certificate or a completion certificate, depending on the course requirements.

Are PetroSync courses internationally recognized?

Yes, PetroSync courses adhere to international standards , with expert instructors in fields such as API, ASME, Reliability, and Drilling & Well Engineering.

Can this certificate be used for professional certification requirements?

Yes, PetroSync certificates are widely recognized and can be used to fulfill professional development and certification requirements across various industries.

Can I customize a training program for my team?

Yes, PetroSync offers customized training programs tailored to your organization's specific needs (In-house Training).

What training materials will I receive during the course?

Participants will receive comprehensive training materials , including slides, handouts, and direct learning from experts with case studies related to the training topic.

Who conducts the training sessions?

PetroSync trainers are industry experts with extensive experience as instructors and consultants in their respective fields, providing professional training with a strong background in the industry.

Can I review the trainer's profile before registering?

Yes, trainer profiles, including their qualifications, experience, and expertise, are available on the website: https://www.petrosync.com/training/.

What platform is used for online training?

Online training sessions are conducted via user-friendly platforms such as Zoom Premium.

What are the technical requirements for online courses?

To access PetroSync Online Training, participants need:

A computer or laptop (tablets or smartphones are not recommended)
A reliable broadband internet connection (minimum 4 Mbps)
A webcam and a headset
Any internet browser (Chrome browser recommended for a better experience)
A reasonably quiet place

Are there Q&A sessions during the course?

Yes, PetroSync provides live Q&A sessions with instructors to address real-world challenges encountered during training.

What is the average number of participants in PetroSync's training programs?

The average number of participants varies depending on the topic and participants’ schedules.

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As an international group, we may transfer your data globally for the purposes indicated above.
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How can I contact PetroSync for more information?

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Where can I find the latest training schedule?

The latest training schedule is available on the website: https://www.petrosync.com/training/.