An Introduction to Upstream Petroleum Economics

To truly understand how projects are valued and investment decisions are made, professionals working in the upstream industry must have detailed and up-to-date knowledge of petroleum economics and risk analysis.

CONTENT

• Introduction
• Discounted cash flow
• Capital budgeting techniques
• Oil & gas asset net cash flow – project components
• Oil & gas asset net cash flow – economic components
• Oil & gas asset net cash flow – taxation & government take components
• Oil & gas asset net cash flow determination
• Upstream economics workshop: the taxation case study
• Upstream economics workshop: the PSC case study
• Advanced petroleum economic techniques
• Discrete economic solutions
• Probabilistic economic solutions
• Continuous economic solutions
• Exploration prospect valuation workshop

FOR WHOM:

This Introduction to Upstream Petroleum Economics & Risk Analysis course is suitable for professionals looking to develop their understanding of upstream petroleum economics theory and practice, regardless of whether they have a technical or commercial background.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.