Apply now for online training in financial modeling of extractives!
OpenOil is pleased to announce an online training for financial modeling of extractives projects.
Sign up now to learn the basics of how to model revenue flows, investor returns and fiscal regimes of oil and gas projects!
Beginning on Friday November 13th, there will be five weekly Google Hangouts which walk through models of a mining and an oil project, adapted for training purposes to teach the basics of project economics, supply and demand curves, investor metrics such as NPV and IRR and discount rates. Each 90-minute session will build on the last and work against presentation materials and exercises provided online. Participants are encouraged to devote 3-4 hours a week between sessions to the exercises and materials, and post questions, and answers, on message boards. For more information, email Daniel Gilbert who is managing assistance to the course.
The sessions will be led by Alistair Watson, who was the principal developer of the FARI modeling tool for the IMF and has modeled for governments, industry and civil society for 20 years. They explore the public interest financial modeling paradigm developed by OpenOil, and will also discuss full project models already published on the Internet of oil projects in Chad (Glencore), Afghanistan (CNPC) and the Bulyanhulu gold mine in Tanzania (Acacia Resources).
Each Friday for five weeks (1400 GMT, 1500 CET, 0900 EST), Alistair, together with OpenOil director Johnny West, will lead a 90-minute video presentation of modules in the training course and answer questions.
(Note: we may need to restrict numbers to create a viable learning environment. Applicants will be informed by Tuesday November 10 of if a place is available on the first course. Familiarity with Excel is advised (for example, the ability to carry out this exercise in 30 minutes or less). No prior experience of extractives project modeling is necessary.
Priority on the first course will be given to applicants from extractives dependent economies. All applicants from extractives dependent countries will be offered a place in a subsequent course. All places offered are free of charge.
A French-language version of the same online training will be offered in January 2016).