Petroleum economics, project evaluation, and risk analysis are critical components of any successful oil and gas business. Understanding the economic and financial principles that drive the industry is essential for making informed decisions and achieving profitable outcomes. This 5-day training course is designed to provide participants with an in-depth understanding of the principles of petroleum economics, project evaluation, and risk analysis. The course will focus on the fundamentals of economics, financial analysis, and project management, as well as exploring the practical applications of these principles in the oil and gas industry.
What are the goals?
By the end of this training course, participants will be able to:
Understand the fundamentals of petroleum economics and financial analysis
Learn the principles of project evaluation and risk analysis in the oil and gas industry
Develop the skills to apply economic and financial principles to decision-making processes in the oil and gas industry
Gain insight into the current state of the oil and gas industry and its impact on economic and financial analysis
Who is this training course for?
This training course is suitable to a wide range of professionals but will greatly benefit:
Financial Analysts
Project Managers
Economists
Engineers
Professionals who are involved in decision-making processes related to petroleum economics, project evaluation, and risk analysis
Course Outline
Day One: Introduction and Fundamentals of Petroleum Economics
Overview of Petroleum Economics
Principles of Cash Flow and Time Value of Money
Basic Economic Indicators and Metrics
Fiscal Regimes and Contracts
Day Two: Evaluation of Exploration and Production Projects
Geology and Reservoir Evaluation
Resource Estimation and Uncertainty
Economic Evaluation of Exploration Projects
Economic Evaluation of Development Projects
Day Three: Risk Analysis and Decision-Making
Risk and Uncertainty Analysis
Decision Trees and Probabilistic Analysis
Monte Carlo Simulation
Sensitivity and Scenario Analysis
Day Four: Advanced Petroleum Economics
Reserves Estimation and Reporting
Field Development Planning and Optimization
Marginal Economics and Break-Even Analysis
Capital Budgeting and Project Ranking
Day Five: Project Management and Investment Analysis
Project Execution and Management
Investment Analysis and Portfolio Management
Financial and Economic Models for Investment Analysis
Case Studies and Real-World Applications
The certificate
Coventry Academy Certificate of Completion for delegates who attend and complete the training course