Description
SUITABLE:
Anyone who needs to develop or improve their skill and understanding of a basic economic analysis and profitability of petroleum exploration and production.
OBJECTIVES:
By the end of the course, delegates will:
- Learn the fundamentals of petroleum economics as applied to selection of oil and gas projects
- Learn cash flow techniques applicable in economic evaluations
- Know how to make an economic valuation of an investment and assess its competitive advantage
- Learn the models to weigh risk and uncertainty
SUMMARY:
- Introduction to petroleum economics
- The importance of creating value for shareholders
- Forecasting production volumes
- The competitive environment in the petroleum industry
- Inflation, escalation, and discounting
- Cash flow, Net present value
- Economic indicators, etc.
