About this Training
This comprehensive 3-day course is designed to provide participants with a solid foundation in upstream petroleum economics and energy project valuation. The program combines essential economic principles with practical applications, tailored for professionals in the oil and gas industry who need to make informed decisions about investments, project development, and resource management.
Throughout the course, participants will gain a thorough understanding of cash flow analysis, economic indicators, and risk assessment techniques specific to the energy sector. The curriculum begins with the fundamentals of oil and gas cash flows, covering production profiles, cost structures, and fiscal considerations. It then progresses to more advanced topics such as economic indicator analysis, sensitivity studies, and decision-making under uncertainty. A key feature of this course is its hands-on approach. Participants will work with Excel-based economic models, engaging in practical exercises that reinforce theoretical concepts. This approach ensures that attendees not only grasp the principles but also develop the skills to apply them in real-world scenarios. The course covers a range of critical topics, including depreciation methods, time value of money, various fiscal regimes, and current trends affecting upstream economics.
By the end of the program, participants will be equipped to perform comprehensive economic evaluations of energy projects, understand the implications of different fiscal systems, and make informed decisions considering risk and uncertainty. Whether you are an engineer, manager, or financial professional in the energy sector, this course will enhance your ability to contribute to strategic decision-making and project evaluation in your organization.