📊 Petroleum Economics Training

Overview

📘 Course Description

This comprehensive training equips professionals in the oil & gas sector with the knowledge and skills needed to evaluate exploration and production investments. It covers fundamental economic concepts, cash flow modeling, fiscal regimes, risk analysis, project evaluation methods, and decision-making under uncertainty. By the end of the course, participants will confidently build economic models and analyze the economic viability of upstream oil & gas projects.

🎯 Learning Objectives

✅ Understand economic drivers in oil & gas projects
✅ Build and interpret detailed cash flow models
✅ Evaluate projects using NPV, IRR, PI, and payback metrics
✅ Analyze the impact of fiscal terms (royalties, taxes, PSCs, service contracts)
✅ Incorporate risk and uncertainty into project economics
✅ Support investment decisions with robust economic analysis

👥 Who Should Attend

Petroleum & reservoir engineers
Geoscientists involved in field evaluation
Finance & planning professionals
Business development & commercial managers
Government & regulatory officials
Project managers

🗂️ Training Format

✅ Interactive instructor-led lectures
✅ Excel-based economic modeling exercises
✅ Real-life case studies
✅ Group discussions on current industry practices
✅ Hands-on risk analysis workshops

📅 Day-by-Day Agenda with Time Breaks

📅 Day 1: Introduction to Petroleum Economics

Time	Topic
08:30 – 09:00	Welcome & Course Objectives
09:00 – 10:30	Oil & Gas Industry Value Chain
10:30 – 10:45	☕ Coffee Break
10:45 – 12:15	Key Economic Concepts: Revenue, Costs, Profitability
12:15 – 13:15	🍽 Lunch
13:15 – 14:45	Price Forecasting & Market Fundamentals
14:45 – 15:00	☕ Coffee Break
15:00 – 16:30	Workshop: Building a Simple Cash Flow Model

📅 Day 2: Cash Flow Analysis & Economic Indicators

Time	Topic
08:30 – 10:00	Components of Upstream Cash Flows
10:00 – 10:15	☕ Coffee Break
10:15 – 12:15	Time Value of Money & Discounting
12:15 – 13:15	🍽 Lunch
13:15 – 14:45	Economic Indicators: NPV, IRR, PI, Payback Period
14:45 – 15:00	☕ Coffee Break
15:00 – 16:30	Workshop: Calculating & Interpreting Economic Indicators

📅 Day 3: Fiscal Systems in Oil & Gas

Time	Topic
08:30 – 10:00	Overview of Fiscal Regimes (Royalty, PSC, Service Contracts)
10:00 – 10:15	☕ Coffee Break
10:15 – 12:15	Fiscal Terms: Bonuses, Royalties, Taxes
12:15 – 13:15	🍽 Lunch
13:15 – 14:45	Net Government Take & Contractor Share
14:45 – 15:00	☕ Coffee Break
15:00 – 16:30	Workshop: Modeling Fiscal Regimes in Cash Flows

📅 Day 4: Risk Analysis & Sensitivity Studies

Time	Topic
08:30 – 10:00	Identifying Uncertainties in E&P Projects
10:00 – 10:15	☕ Coffee Break
10:15 – 12:15	Sensitivity Analysis Techniques
12:15 – 13:15	🍽 Lunch
13:15 – 14:45	Introduction to Probabilistic Modeling (Monte Carlo)
14:45 – 15:00	☕ Coffee Break
15:00 – 16:30	Workshop: Conducting Sensitivity & Risk Analysis

📅 Day 5: Project Evaluation & Decision-Making

Time	Topic
08:30 – 10:00	Economic Screening & Ranking of Projects
10:00 – 10:15	☕ Coffee Break
10:15 – 12:15	Decision Criteria under Uncertainty
12:15 – 13:15	🍽 Lunch
13:15 – 14:45	Final Project Evaluation Case Study
14:45 – 15:00	☕ Coffee Break
15:00 – 16:30	Course Wrap-Up & Certificate Distribution

📦 Materials Provided

✅ Detailed course manual & presentation slides
✅ Excel cash flow model templates
✅ Fiscal system comparison charts
✅ Case studies on international oil & gas projects
✅ Certificate of Completion

Target audiences

Reservoir Engineers, Geologists

$ 5,750

Course Features

Lecture 0
Quiz 0
Duration 5 days
Skill level All levels
Language English
Students 40
Assessments Yes