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Our Upcoming Trainings

Basic Petroleum Economic and Risk Analysis for Supporting Personels
Basic Petroleum Economic and Risk Analysis for Supporting Personels

Mon, May 13

|

Indonesia

Basic Petroleum Economic and Risk Analysis for Supporting Personels

This introduction to petroleum economics is an engaging and highly motivating course that allows participants to grasp the fundamentals of how an upstream organization works in financial terms and what is needed to become a successful enterprise.

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Time & Location

2 more dates

May 13, 2024, 8:00 AM – May 15, 2024, 5:00 PM

Indonesia

About The Training

OVERVIEW

This introduction to petroleum economics is an engaging and highly motivating course that allows participants to grasp the fundamentals of how an upstream organization works in financial terms and what is needed to become a successful enterprise.

OBJECTIVES

After the completion of this training, the participants are expected to be able to:

  • Build economic models and perform economic evaluations.
  • Identify, assess, quantify, and manage uncertainties and risks.
  • Analyses and forecasts the outcome of any exploration, development, or operations project.
  • Rank projects and investigate economic robustness.
  • Introduction and Exploration Prospect Evaluations
  • Development project evaluations
  • Risk management
  • Applications of economic evaluations
  • Case studies and group work

WHO SHOULD ATTEND?

The course will be suitable for:

  • Geologists
  • Geophysicists
  • Petro physicists
  • Drilling Engineers
  • Reservoir Engineers
  • Production Engineers
  • Costs and Facilities Engineers
  • Development Planning Engineers
  • Commercial and Financial Analysts
  • Lawyers
  • Managers
  • Any other professional staff involved in exploration and production in the oil industry.

COURSE CONTENT

1. Financial Reporting & Performance Measurement

  • Introduction to Petroleum Economics
  • The Financial Statements
  • Accounting Ratios & Key Performance Indicators

2. Cash Flow Analysis and Project Evaluation

  • Cash Versus Profit
  • Introduction to Financial Theory
  • Project Investment Analysis

3. Economic Models & Spreadsheet Design

  • Economic Models and Spreadsheet Design
  • Calculation of Margins

4. Fiscal Regimes

  • Fiscal Regimes

5. Risk, Uncertainty & Decision Analysis

  • Risk and Sensitivity Analysis
  • Decision Analysis

6. Corporate Finance

  • Sources of Capital
  • Valuation of Corporate Liabilities
  • Oil and Gas Stock Valuation

7. Risk Analysis

  • Introduction
  • Defining risk and uncertainty
  • Identifying uncertainties in the Expressing uncertainty–probability distributions

8. Exploration Economics

  • Probability and expectation curves
  • Expected monetary value (EMV)
  • Introduction to Decision Tree Analysis

9. Commercial Uncertainties and their Management

  • Market factors
  • Human factors

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