Petroleum Economics Training Course - 3 Days - Call us on +44 (0) 1443 223544 or Contact Us
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These courses are designed for delivery to organisations (worldwide). |
Introduction
Participants will get a clear understanding of discounted cashflow, project screening and ranking and the profitability indicators used by industry. The relevance and elements of different fiscal environments on project viability will be demonstrated.
Lastly, the impact of technical uncertainties, in particular early reservoir uncertainties, on project profitability and robustness will be investigated and a number of mitigating strategies will be discussed.
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Topics
Elements of Petroleum Economics
Project Cashflow
Finding, Lifting and Development Costs
Discounted Cashflow Techniques
Profitability and Capital Efficiency Indicators
Expected Monetary Value (EMV)
Value of Information
Decision Trees
Screening and Ranking
Petroleum Fiscal Environments
Technical and Economic Uncertainties
Sensitivity Analysis
Who is the course for?
This module is highly relevant for any professional involved in the planning execution or auditing of upstream oil and gas projects. Thus it is recommended for all subsurface, surface and commercial disciplines, irrespective whether participants work in operating, service or investment companies.
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