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Participants will receive a thorough understanding of the context of economic analysis as well as practical instruction and an appreciation of the analytical techniques used. The 3 Day Masterclass in Petroleum Economics is an introductory course which covers the setup of analysis cases, including the estimation of recoverable reserves, production profiles, commodity prices, and project costs – CapEx, OpEx, and Transportation.
The course will cover cash flow analysis, deriving and understanding economic indicators and detailed probability and fiscal analysis. These are vital components of the evaluation of investments in today’s international upstream oil and gas industry.
Over the course of the three days, you will identify the criteria used in project economics decision-making, e.g. rate of return, NCF, NPV, PIR, Payout, EMV, RPI, as well as the objectives of different investors and producers in the context of the various decision-making criteria.
You will learn a variety of analytical frameworks and tools, including base case analysis; sensitivity analysis and risk analysis (risked vs un-risked results). The course also covers full cycle vs half cycle analysis, including the role of government and tax terms, e.g. unburdened & burdened analysis, and the concept of Economic Rent, as well as such concepts as ring fencing.
You will receive a CPD Certified certificate of course completion
Various payment plans are available
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