David Wood & DWA Energy Limited



Courses are

designed for


audiences, including:





Human Resources





IT Managers




Plant Operators

Project Staff


Service Companies


Support Staff





Online Certificate in Oil and Gas

Excel Workbook Oil Gas & Energy Valuation Model Building

12-week Fundamentals Oil and Gas Options

Oil & Gas MBA


Online Certificate in Oil and Gas

Offered by: Energy Institute and DWA Energy Limited

Details to download

This is designed for those wishing to gain rapid insight and understanding of the industry from both technical and commercial perspectives.  It consists of 20 separate units, which each take approximately 2 to 3 hours to complete.

Each unit consists of a file of 30 to 40 slides containing annotated images and/or concise descriptive text.

The units can be taken individually, but in order to qualify for the certificate delegates are required to complete any 16 of the 20 units, plus provide a brief written answer (maximum 200 words), in their own words, to a question related to each of the units they have participated in and completed (i.e. minimum of 16 questions to be answered to gain a certificate).

Unit Titles

1. Oil and gas value chains and the resources and reserves that feed them

2. Organizations participating in the oil and gas industry and their characteristics

3. Subsurface petroleum systems and resource characteristics

4. Natural gas and the processes and infrastructure used to deliver it to market

5. Upstream oil and gas production processes and facilities

6. Portfolio perspectives for groups of oil and gas assets

7. Liquefied Natural Gas (LNG), Gas Contracts and Gas-to-Liquids (GTL)

8. Uncertainty management: risk and opportunity

9. Upstream petroleum economics and valuation

10. Oil and gas acquisition and divestment activities and strategies

11. Geophysical exploration and development techniques

12. Drilling technologies and their applications

13. Well logging, testing, completion and pumping technologies

14. Enhancing resource recovery, including fracture stimulation

15. Safety, environment and security factors

16. Upstream fiscal designs and joint venture relationships

17. Project management and facilities contracting

18. Midstream: Transportation and storage

19. Refining, refinery products and petrochemicals

20. Community and sustainability issues for the industry

There are also more advanced courses available

Email: info@dwasolutions.com

Distance Learning for IBC Global Academy

David Wood has developed and delivers detailed 12-week distance learning oil and gas training courses for IBC Global Academy on two topics:

Fundamentals of Oil and Gas

This course covers all sectors of the supply chain and reviews the technical, commercial, fiscal, corporate. political and financial issues confronting the industry.  It does this from an impartial perspective considering the positions of large and small organisations, IOCs and NOCs, operators, non-operators, service companies and suppliers.

A short video outlining this course can be found at:



It is divided into 6 units each of 2 weeks duration:

  • An introduction to the oil and gas industry
  • The fundamentals of finding oil and gas
  • Extracting and processing oil and gas
  • Oil refining, gas treatment and transportation
  • The commercialisation of oil and gas
  • Managing oil and gas

For further details on the Fundamentals of Oil & Gas online course:


Fundamentals of Petroleum Economics

Starting with the basics this course develops a thorough understanding of the techniques used to analyse and value oil and gas projects, assets and companies.

A short video outlining this course can be found at:



It is divided into 6 units each of 2 weeks duration:

  • Cash flow components and economic indicators
  • Upstream, midstream and downstream petroleum economics
  • Managing and mitigating uncertainty and risk
  • Sensitivities, simulations and decision analysis
  • Valuing petroleum assets, portfolios and companies 

For further details on the Fundamentals of Petroleum Economics online course:


Other Distance Learning Opportunities

The Oil & Gas MBA

Between 2011 and 2013 David Wood authored and acted as sole tutor for two eleven-week modules (i.e. modules titled: The Global Oil and Gas Industry; Oil and Gas Finance and Risk Analysis) forming part of a two-year, part-time, distance-learning Oil & Gas Master of Business Administration (MBA) offered by a University. Please contact DWA Energy Limited if you wish to discuss oil and gas MBA course development. David Wood also tailors mini-MBA courses (3 to 5 days) to suit oil, gas and energy clients' requirements. 

Building EXCEL Models for Oil and Gas Asset & Portfolio Analysis by Distance Learning

Time permitting, David Wood offers tailored training to build and develop Excel workbook models by distance learning to suit the standards, availability and needs of individuals or groups.  Participants are provided with Excel workbooks highlighting models from various sectors of the oil, gas and energy supply chain addressing cash flow, fiscal, risk, statistical and valuation  analysis.  The annotated workbook models include tasks and problems drawn from the industry for the participants to solve in a time scale that suits their availability. Communications and help regarding the models are provided via e-mail exchanges. 


The models begin with simple concepts and structures associated with oil, gas or energy asset valuations and progress gradually to more complex workbooks, some driven by visual basic for applications (VBA) macros. The models are accompanied by brief presentations for the relevant industry sectors and topics covered. Participants can progress through the materials at their own pace and will be fed materials at time intervals to suit them. To progress through the twenty individual workbook models involved delegates should expect to take between two and twelve weeks depending upon the time they dedicate to the material and their prior knowledge of Excel.  The big advantages over classroom training with this distance learning approach is that: 1) the participant is in control of the pace of learning, can focus upon their own specific requirements; 2) the participant can ask questions by e-mail to help clarify specific calculations within a model; 3) the participants are not hurried through the material or delayed by the progress of other participants.


The Excel workbooks provided for the training can be restricted to oil and gas topics or they can also include models addressing renewable energy, nuclear and other power generation options.


More specialist and specific topics such as strategic portfolio analysis with optimizers and detailed fiscal modelling are also possible via a distance learning approach.


You should contact DWA Energy Limited for further details concerning the Excel distance learning:
e-mail: info@dwasolutions.com