A Highly Interactive Training Course On

Beyond Predictions: Scenario-based Decision Making in Oil & Gas Industry

Scenario Planning in the Oil and Gas Industry

Beyond Predictions: Scenario-based Decision Making in Oil & Gas Industry
Course Schedule

CLASSROOM

24-28 Feb 2025
Seoul
$6,950
22-26 Sep 2025
Vienna
$5,950
10-14 Nov 2025
Amsterdam
$5,950
26-30 Jan 2026
London
$5,950
Certificate
  • Coventry Academy Certificate of Completion for delegates who attend and complete the training course

Training Overview

Training Overview

In the fast-paced oil and gas industry, predicting the future can be increasingly complex. Traditional forecasting methods may fall short in providing robust decision-making frameworks. Enter scenario-based decision making—a powerful approach to navigate uncertainty and prepare for various future possibilities. Our five-day training course, "Beyond Predictions: Scenario-based Decision Making in Oil and Gas Industry," is tailored to empower oil and gas professionals with the knowledge, skills, and tools needed to leverage scenario planning effectively.

Key features of this course include:

  • Historic and state-of-the-art Scenario Planning: Participants will explore the evolution of scenario planning, from its historical roots to modern-day applications in the oil and gas sector.
  • Insights from leading oil and gas companies: Learn how the industry's giants utilize scenario planning to anticipate and adapt to future challenges and opportunities.
  • Bringing scenarios to life: Understand techniques for developing compelling and realistic future scenarios that reflect the complexities of the industry landscape.
  • Preparing for and adapting to scenarios: Gain strategies for proactively preparing for and responding to potential future scenarios, ensuring resilience and agility in decision-making.
  • Harnessing Artificial Intelligence and Big Data: Discover how AI and big data analysis can enhance scenario planning capabilities, providing deeper insights into future trends and risks.
  • Integrating scenario planning into organizational processes: Learn how to embed scenario planning as a strategic process within your organization, fostering a culture of forward-thinking and adaptability.
  • Facilitation and reporting techniques: Acquire practical skills in facilitating scenario planning workshops and effectively communicating scenario outcomes to stakeholders.

What are the goals?

By the end of this training course, participants will be able to:

  • Understand the importance of scenario planning in the oil and gas industry
  • Develop skills and knowledge to effectively use scenario planning tools and techniques
  • Learn to identify and evaluate key industry trends and drivers
  • Develop plausible and robust scenarios for decision making under uncertainty
  • Learn to analyze and compare scenarios to make informed decisions
  • Develop strategies for implementing and communicating scenario planning results

Who is this Training Course for?

This training course is suitable to a wide range of professionals but will greatly benefit:

  • Oil and gas industry professionals involved in strategic decision making, including executives, managers, analysts, and planners
  • Professionals in related industries, such as energy, finance, and consulting, who are interested in scenario planning and its applications
  • Anyone interested in learning about scenario planning and its role in decision making in the oil and gas industry

How will this Training Course be Presented?

This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes expert input, videos illustrating scenario planning in action, and case studies from inside and outside the industry. In particular, it involves extensive hands on practice and opportunities for participants to develop their own scenarios.

The Course Content

Day One: Introduction to Scenario Planning
  • Overview of scenario planning and its role in decision making
  • Historical examples of scenario planning in the oil and gas industry
  • Steps in scenario planning process: data gathering, scenario development, and decision making
  • Case study: analyzing and interpreting scenarios
Day Two: Oil and Gas Industry Trends and Drivers
  • Overview of key trends and drivers shaping the oil and gas industry
  • Economic, political, and environmental factors influencing the industry
  • Case study: identifying industry trends and drivers and their potential impacts on business decisions
Day Three: Developing Scenarios
  • Approaches to scenario development: qualitative, quantitative, and mixed methods
  • Scenario planning tools and techniques
  • Developing plausible scenarios: identifying and assessing key uncertainties
  • Case study: developing and testing scenarios in the oil and gas industry
Day Four: Scenario Analysis and Decision Making
  • Methods for analyzing and comparing scenarios
  • Identifying and evaluating strategic options based on scenario analysis
  • Decision making under uncertainty and risk
  • Case study: applying scenario-based decision making in the oil and gas industry
Day Five: Implementing and Communicating Scenario Planning Results
  • Strategies for implementing scenario-based decisions
  • Communicating scenario planning results to stakeholders
  • Review and evaluation of the scenario planning process
  • Case study: real-world implementation of scenario-based decision making in the oil and gas industry