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Moyes & Co. offers training by a team of professionals, each with over 20 years experience in the design, construction and use of economic models for international petroleum projects. The team members' achievements are described in more detail in the attached resumes.
We base our training on a comprehensive database of global projects with related contracts and agreements applying to the energy and petroleum sector. In addition we have an extensive proprietary and commercial toolbox of models, applications and techniques incorporating industry best practice, designed to provide timely, appropriate answers to participants, their management and our clients.
Petroleum Law: Practical Review of Global Fiscal Terms:
A multi-day seminar which addresses different petroleum fiscal systems, where and how they are applied, and the results. The course addresses government participation, cost carries, royalties, cost allocation, profit sharing, taxation, issues due to project delays, cross border taxation, the regions (onshore, mature, frontier, offshore, shallow to deepwater), and fiscal terms design and performance, including benchmarking and ranking against competing contracts in all jurisdictions.
Modeling Project Economics:
Moyes & Co. provides a practical course in building and using economic models, applied to real situations. The staff share their experience building economic models in over 100 countries through 30 years of industry evolution. The models built address decision and performance measurement for the full range of stakeholders, with industry metrics and various report formats, consolidation within tax or cost recovery ring fences.
Capital Planning:
The course covers methodology for the consistent evaluation of investment to capture the uncertainties in the technical, commercial and fiscal assumptions to mitigate risk. Accurately quantifying uncertainty is critical to good evaluations. As an example, exploration costs are an important driver of risk appraised exploration economics. Careful analysis of mechanical and weather downtime for comparable wells can be used to create a probability distribution of costs, and a resulting expected cost.
Decision Analysis Workshop:
The senior professionals at Moyes & Co. are trained facilitators combining state-of-the-art evaluation skills with a thorough technical and commercial knowledge of the energy sector. We offer training in strategy planning, evaluation and selection incorporating interactive project identification and assessment with the multi-disciplinary team compiles the issues that impact strategy, which are assessed and refined through the course.
Portfolio Analysis and Risk Assessment:
The firm offers programs in-country, European and North American development of portfolio models to manage asset groups, given targets and strategies. Simple analytical methods through portfolio models are outlined to manage asset groups given capital constraints, participant and NOC risk tolerance and performance goals.
Exploration Evaluation & Quantifying Technical Uncertainty:
The course offered in-house addresses the evaluation of technical risks and uncertainties in the evaluation of exploration prospects, integrated with client projects. Techniques for quantifying uncertainty and incorporating this into technical evaluations are fully covered. These include techniques for using expert opinion, and a number of different analytical and simulation tools. Sensitivity analysis is applied to identify leveraging uncertainties to focus on reducing the range of uncertainty.
License Rounds, Organization & Management:
The course for government agencies can be conducted in-country fully involving the agency staff, at all levels, to ensure the development of in-house capability in managing future offerings. Extensive benchmarking of license round results clearly shows that license formats can be optimized, resulting in improved performance through transparent lease terms, bidding with minimal delay, organization and release of benchmarked information, and extensive contact with the interested companies.
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