Petroleum Economics Training
From $5250 per attendee
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Dubai
30 September, 2024 - 4 October, 2024
EnquireHouston
21 October, 2024 - 25 October, 2024
Book CourseLondon
18 November, 2024 - 22 November, 2024
Book CourseOnline
2 December, 2024 - 6 December, 2024
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Course Information
- Course Content
- Course Description
- Course Objectives
- Who Should Attend
- CPD Unit
Course Content
Day 1
Project Economics
Review of project economics
The project lifecycle and who is involved
Common types of oil and gas upstream projects
The concepts and methods of forecasting
Day 2
Cash Flow and Economic Indicators
Cash Flow Forecasting and Analysis
The time value of money
The cost of capital
Day 3
Fiscal Regimes
Introduction to the main types of fiscal regimes around the world
Building cash flows for
Reviewing different types of service agreements
Comparison of investments under different fiscal regimes
Current trends in fiscal regimes around the world
Day 4
Project Investment Analysis
Discuss and incorporate risk and sensitivity analysis in order to calculate
The purpose of incremental investment analysis
Prepare, analyse and make decisions based on general capital budgeting and the project selection process
Evaluate and make recommendations about potential oil and gas investments
Day 5
Budgeting and Scenario Management for Project Management
Setting forecasts, targets and budgets: what they are and why we need them
Alternative budgeting systems and approaches: what they are and which to choose
Scenario Management
Course Description
Petroleum Economics Training Course
Aimed at the more senior manager or technical operative, this advanced course on Petroleum Economics combines the review, appraisal and evaluation of a wide variety of techniques that are brought together under the heading of petroleum economics.
It is assumed that all delegates will have a good grasp of the main areas to be discussed and applied during the programme in keeping with the nature and level of the materials to be presented.
This course is highly interactive and paticipative and Excel spreadsheet templates and financial modelling best practice will be used rigorously throughout. Delegates will be required to apply best practice at all times and to work with the trainer and their fellow delegates on solving problems from the materials provided and their problems at work.
The mini case concept is a unique feature of our training: a mini case is a real live problem that delegates bring to the training room looking for assistance in providing a solution to their problem. Without any guarantees, we are confident that all usch problems will be solved during the five days of this course.
This course draws on the use of Excel, spreadsheeting including the exploration of such techniques as Monte Carlo Simulations, Decision Tree Analysis and Multi Variable Sensitivity Analysis.
Course Objectives
By the end of this course delegates will be able to:
Identify all elements of a project lifecycle and say who is involved
Review the common types of oil and gas upstream projects
Appreciate and apply the concepts and methods of forecasting
Set up and use a cash flow forecast
Apply the concepts of the time value of money
Review the main types of fiscal regimes around the world and evaluate them
Discuss and incorporate risk and sensitivity analysis
Prepare, analyse and make decisions based on general capital budgeting and the project selection process
Evaluate and make recommendations about potential oil and gas investments
Use and evaluate Budgeting and Scenario Management for Project Management
Consider alternative budgeting systems and approaches: what they are and which to choose
Who Should Attend
Anyone requiring a more advanced understanding of Petroleum Economics and oil and gas project recommendations
• Petroleum engineers
• Chemical engineers
• Non financial managers seeking to upgrade the economics skills
• Marketing and Sales Staff
• Distribution staff
• Financial staff in need of a refresher in the economics of petroleum
CPD Unit
Continuing Professional Development
35 HOURS CPD