Budgeting & Forecasting in Oil & Gas Industry
All organizations operating in oil & gas industry must regularly develop, manage and adjust budgets and forecasts to reflect changing market conditions and…
- Level
- Basic
- Type
- Classroom
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About Training
All organizations operating in oil & gas industry must regularly develop, manage and adjust budgets and forecasts to reflect changing market conditions and their competitive performance. To do this successfully and establish credible budgets and business plans that function as useful and user-friendly management tools to monitor and help improve performance, it pays to be aware of and incorporate best budgeting, planning and forecasting practices.
Our Budgeting & Forecasting in Oil & Gas Industry shares insight of budgeting and forecasting process, enables fit-for-purpose budgets and business plans to be developed that robustly model complex, but realistic situations in a flexible and auditable manner.
Course Design
This course provides participants with insight and understanding of the budgeting process and the key planning and forecasting techniques that should be used to successfully build and manage reliable budgets and business plans.
Includes Specific and Practical Case Studies
Participants will benefit through a mixture of presentations, exercises and worked examples in Excel spreadsheet models.
Training Objectives
- Utilize advanced Excel features and data analysis techniques
- Use advanced Excel to gather, organize, sort and group data that will be used in building budgets.
- Implementing advanced forecasting techniques
- Learn the advanced forecasting techniques for better monitoring of forecasting performance.
- Managing the volatility of current oil & gas prices
- Able to manage the volatile oil & gas prices and enhancing the accuracy of the forecasted data.
- Improvise budgeting & forecasting skills
- Learn and improve budgeting and forecasting skills focusing on Oil & Gas industry through va series of practical exercises.
Audiences
This course is designed for accounting and finance professionals who wish to enhance their knowledge in the best practices in developing an effective budgeting process and monitoringforecasting performance, including:
Job Titles Include:
- Chief Finance Officers
- Business Unit & Departmental
- Managers
- Business & Financial Analyst
- Finance Managers & Financial Controllers
- Budgeting/Forecasting Managers
Instructor
Ahmed Badawy
Ahmed Badawy is a corporate financial executive with a US public corporation, leading their global IFRS and US GAAP reporting group. Prior to that and until 2009, Ahmed was a Senior Audit Manager and National IFRS conversion specialist with PricewaterhouseCoopers in Houston, where he worked on multiple international engagements for both public and private companies. He was also the Chairman of the PwC IFRS subject matter experts committee, and a leader within the IFRS core team for the Energy Sector and the Greater Houston market.
His work experience includes financial reporting and audits for SEC-listed and private oil & gas and utility companies under US GAAP and/or IFRS, plus Sarbanes Oxley compliance-related work. He has a technical knowledge of US GAAP, IFRS, and SEC reporting, and also extensive experience in IFRS conversions and in the development of IFRS implementation strategies for US companies (particularly in the Oil & Gas and Utilities industries). Ahmed is also experienced in designing and delivering training courses, and has developed technical materials for a number of energy-related IFRS events. He has coauthored a publication on the impact of transitioning to IFRS for Energy companies. A Certified Public Accountant (CPA) in the states of New York, California and Texas, Ahmed is also an Egyptian Chartered Accountant.
Daily Aims
DAY 1 : Introduction to Budgeting & Advanced EXCEL Techniques
DAY 2 : Oil & Gas Budgeting Process
DAY 3 : Forecasting Performance
Training Schedule
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
