Course Code: OG2
Category: Oil and Gas
Dates, Venues & Fees:
Mar 22-Apr 02| Maryland | $6,980.00
Jul 19-Jul 30| Virginia | $6,980.00
Oct 18-Oct 29| Maryland | $6,980.00
Duration: Two Weeks
Course Overview
The economic evaluation and risk analysis of upstream oil and gas operations is very imperative. Business decision involving asset acquisition, exploration, oil and gas development, equipment purchases, drilling options all require economic analysis and risk assessments. Delegates through this course will explore how projects are valued and investment decisions made, and detailed up-to-date knowledge of petroleum economics and risk analysis. Delegates will be lead to master the theories and methods used to value oil and gas projects and make decisions when situations are far from certain.
This course on Petroleum Project Economics and Risk Analysis will resource delegates with the tools and skills to engage a thorough economic and risk analysis of the upstream oil and gas industry.
Target Audience
This Advanced Office Management and Effective Administrative Skills course is designed for:
- Petroleum Resource Managers
- Process and Marine Engineers
- Economics and Commercial Analysts
- Risk Managers
- Contract and Legal Officers
- Strategic Planners
- Finance Professionals
- Information Managers
Course Outcomes
By the end of this course, delegates will gain knowledge and skills to:
- Understand the theory and practice of upstream petroleum economics
- Evaluate and use key economic metrics in investment decision making
- Appreciate how petroleum economics is critical to the project decision making process
- Appreciate the geological and engineering inputs to the cash flow model
- Understand oil and gas pricing and forecasting
- Interpret economic results and quantify risk in the decision making process
- Learn the best practices in oil and gas investment evaluation opportunities
- Employ quantitative risk analysis tools to identify and manage project risk
- Perform sensitivity analysis in ranking and screening projects
Key Course Highlights
- Economic and contractual framework of exploration and production
- Investment profitability studies
- Economic life and reserves of oil and gas investments
- Risk analysis of Exploration and production projects
- Cash flow and Production sharing contracts
- Portfolio management
- Cost drivers and risk management
- Profitability indicators and their application in decision making
- Accounting for uncertainty and economic valuation of investments