/  Petroleum Project Economics and Risk Analysis
All courses in Singapore have been cancelled .
BMC Training provides on 27 Jun 2021 Petroleum Project Economics and Risk Analysis course [Oil and Gas Training] in Singapore,Singapore

Objectives

  • Understand various economic terms used in the oil & gas industry.
  • Understand how to develop economic models of various petroleum fiscal regimes.
  • Carry out cash flow analysis, different economic analyses for petroleum related project and   determine economic indicators.
  • Evaluate and quantify risks and uncertainties.
  • Make the right investment decision in the presence of risk.
  • Carry out a comprehensive economic evaluation study for any petroleum related project including risk analysis and sensitivity study using spreadsheet.
  • Contribute to the petroleum project investment within a solid economic system and do a detailed economic evaluation.
  • Contribute to the decision making process for any petroleum related project.

Programme Outline

Cash Flow Analysis

  • Familiarization with Economic terms
  • Setting up Cash Flow Calculation
  • Depreciation Methods
  • Loss Carry Forwards
  • Inflation
  • Nominal & Real Cash Flow
  • Sunk Costs
  • Project Financing

Economic Indicators

  • Economic Indicators Definitions
  • Present Value Concept
  • Discount Factor
  • Net Present Value
  • Internal Rate of Return
  • Effect of Project Delay
  • Payback Period
  • Profit/Investment Ratio
  • Incremental Projects

Risks and Uncertainties

  • Risk & Uncertainty
  • Expected Value Concept
  • Decision Tree Analysis
  • Farm-out Decision
  • Probability Analysis
  • Sensitivity Analysis
  • Probability Distribution
  • Monte Carlo Simulation

Setting up Spreadsheet Calculation

  • Introduction to Spreadsheet Calculation
  • Simple Cash Flow Using Excel
  • NPV calculations
  • Application of economic indicators

Setting up Oil Field Development Model

  • Group activities
  • Setting up an Integrated Economic Model of a Typical Oil Field Development
  • Project Sensitivity Analysis for the selected model
  • Introduction to Russell field model
  • Final remarks



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Course Details
  • Code OGT14
  • TIME    08:00 AM - 11:15 AM
  • DATE    Jun 27 2021 - Jul 1 2021
  • Singapore , Ibis Singapore Novena
  • +44 2087206971
  • Support@bmc.net

Fees Per Person

6500 GBP + VAT
Other Dates

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