Petroleum Project Economics and Risk Analysis Course

Learn petroleum project economics and risk analysis. Join this course to acquire skills in evaluating project feasibility and assessing associated risks. BMC Training offers Petroleum Project Economics and Risk Analysis Course in Oil and Gas Training Courses.

  • English
  • 153 Training Sessions
  • Confirmed
  • One Week
Petroleum Project Economics and Risk Analysis Training Course

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Type a city name or a month
Venue Start Date End Date Net Fees Details & Registration
Istanbul , Turkey 23 - Jun - 2024 27 - Jun - 2024 5550 GBP
Bali , Indonesia 23 - Jun - 2024 27 - Jun - 2024 8700 GBP
Singapore , Singapore 23 - Jun - 2024 27 - Jun - 2024 8400 GBP
Washington , United States 23 - Jun - 2024 27 - Jun - 2024 13500 GBP
Dubai , UAE 7 - Jul - 2024 11 - Jul - 2024 5722.5 GBP
Paris , France 7 - Jul - 2024 11 - Jul - 2024 7900 GBP
Hong Kong , Hong Kong 7 - Jul - 2024 11 - Jul - 2024 9100 GBP
Dubai , UAE 14 - Jul - 2024 18 - Jul - 2024 5722.5 GBP
Paris , France 14 - Jul - 2024 18 - Jul - 2024 7900 GBP
Hong Kong , Hong Kong 14 - Jul - 2024 18 - Jul - 2024 9100 GBP
Dubai , UAE 21 - Jul - 2024 25 - Jul - 2024 5722.5 GBP
Paris , France 21 - Jul - 2024 25 - Jul - 2024 7900 GBP
Hong Kong , Hong Kong 21 - Jul - 2024 25 - Jul - 2024 9100 GBP
Kuala Lumpur , Malaysia 28 - Jul - 2024 1 - Aug - 2024 5300 GBP
Rome , Italy 28 - Jul - 2024 1 - Aug - 2024 7900 GBP
Barcelona , Spain 28 - Jul - 2024 1 - Aug - 2024 8300 GBP
Zurich , Switzerland 28 - Jul - 2024 1 - Aug - 2024 8700 GBP
London , UK 14 - Jul - 2024 18 - Jul - 2024 5950 GBP
Madrid , Spain 14 - Jul - 2024 18 - Jul - 2024 7500 GBP
Munich , Germany 14 - Jul - 2024 18 - Jul - 2024 8900 GBP
Berlin , Germany 14 - Jul - 2024 18 - Jul - 2024 8300 GBP
New York , United States 14 - Jul - 2024 18 - Jul - 2024 12750 GBP
Amsterdam , Netherlands 14 - Jul - 2024 18 - Jul - 2024 9100 GBP
London , UK 21 - Jul - 2024 25 - Jul - 2024 5950 GBP
Madrid , Spain 21 - Jul - 2024 25 - Jul - 2024 7500 GBP
Munich , Germany 21 - Jul - 2024 25 - Jul - 2024 8900 GBP
Berlin , Germany 21 - Jul - 2024 25 - Jul - 2024 8300 GBP
New York , United States 21 - Jul - 2024 25 - Jul - 2024 12750 GBP
Amsterdam , Netherlands 21 - Jul - 2024 25 - Jul - 2024 9100 GBP
Kuala Lumpur , Malaysia 14 - Jul - 2024 18 - Jul - 2024 5300 GBP
Rome , Italy 14 - Jul - 2024 18 - Jul - 2024 7900 GBP
Barcelona , Spain 14 - Jul - 2024 18 - Jul - 2024 8300 GBP
Zurich , Switzerland 14 - Jul - 2024 18 - Jul - 2024 8700 GBP
Kuala Lumpur , Malaysia 21 - Jul - 2024 25 - Jul - 2024 5300 GBP
Rome , Italy 21 - Jul - 2024 25 - Jul - 2024 7900 GBP
Barcelona , Spain 21 - Jul - 2024 25 - Jul - 2024 8300 GBP
Zurich , Switzerland 21 - Jul - 2024 25 - Jul - 2024 8700 GBP
Tokyo , Japan 7 - Jul - 2024 11 - Jul - 2024 11500 GBP
Tokyo , Japan 14 - Jul - 2024 18 - Jul - 2024 11500 GBP
Tokyo , Japan 21 - Jul - 2024 25 - Jul - 2024 11500 GBP
Milan , Italy 14 - Jul - 2024 18 - Jul - 2024 7500 GBP
Milan , Italy 21 - Jul - 2024 25 - Jul - 2024 7500 GBP
London , UK 4 - Aug - 2024 8 - Aug - 2024 5950 GBP
Madrid , Spain 4 - Aug - 2024 8 - Aug - 2024 7500 GBP
Munich , Germany 4 - Aug - 2024 8 - Aug - 2024 8900 GBP
Berlin , Germany 4 - Aug - 2024 8 - Aug - 2024 8300 GBP
New York , United States 4 - Aug - 2024 8 - Aug - 2024 12750 GBP
Amsterdam , Netherlands 4 - Aug - 2024 8 - Aug - 2024 9100 GBP
Kuala Lumpur , Malaysia 11 - Aug - 2024 15 - Aug - 2024 5300 GBP
Rome , Italy 11 - Aug - 2024 15 - Aug - 2024 7900 GBP
Barcelona , Spain 11 - Aug - 2024 15 - Aug - 2024 8300 GBP
Zurich , Switzerland 11 - Aug - 2024 15 - Aug - 2024 8700 GBP
Istanbul , Turkey 18 - Aug - 2024 22 - Aug - 2024 5550 GBP
Bali , Indonesia 18 - Aug - 2024 22 - Aug - 2024 8700 GBP
Singapore , Singapore 18 - Aug - 2024 22 - Aug - 2024 8400 GBP
Washington , United States 18 - Aug - 2024 22 - Aug - 2024 13500 GBP
Dubai , UAE 25 - Aug - 2024 29 - Aug - 2024 5722.5 GBP
Paris , France 25 - Aug - 2024 29 - Aug - 2024 7900 GBP
Hong Kong , Hong Kong 25 - Aug - 2024 29 - Aug - 2024 9100 GBP
Milan , Italy 4 - Aug - 2024 8 - Aug - 2024 7500 GBP
Tokyo , Japan 25 - Aug - 2024 29 - Aug - 2024 11500 GBP
Dubai , UAE 22 - Sep - 2024 26 - Sep - 2024 5722.5 GBP
Paris , France 22 - Sep - 2024 26 - Sep - 2024 7900 GBP
Hong Kong , Hong Kong 22 - Sep - 2024 26 - Sep - 2024 9100 GBP
Dubai , UAE 1 - Sep - 2024 5 - Sep - 2024 5722.5 GBP
Paris , France 1 - Sep - 2024 5 - Sep - 2024 7900 GBP
Hong Kong , Hong Kong 1 - Sep - 2024 5 - Sep - 2024 9100 GBP
Istanbul , Turkey 8 - Sep - 2024 12 - Sep - 2024 5550 GBP
Bali , Indonesia 8 - Sep - 2024 12 - Sep - 2024 8700 GBP
Singapore , Singapore 8 - Sep - 2024 12 - Sep - 2024 8400 GBP
Washington , United States 8 - Sep - 2024 12 - Sep - 2024 13500 GBP
Kuala Lumpur , Malaysia 15 - Sep - 2024 19 - Sep - 2024 5300 GBP
Rome , Italy 15 - Sep - 2024 19 - Sep - 2024 7900 GBP
Barcelona , Spain 15 - Sep - 2024 19 - Sep - 2024 8300 GBP
Zurich , Switzerland 15 - Sep - 2024 19 - Sep - 2024 8700 GBP
London , UK 1 - Sep - 2024 5 - Sep - 2024 5950 GBP
Madrid , Spain 1 - Sep - 2024 5 - Sep - 2024 7500 GBP
Munich , Germany 1 - Sep - 2024 5 - Sep - 2024 8900 GBP
Berlin , Germany 1 - Sep - 2024 5 - Sep - 2024 8300 GBP
New York , United States 1 - Sep - 2024 5 - Sep - 2024 12750 GBP
Amsterdam , Netherlands 1 - Sep - 2024 5 - Sep - 2024 9100 GBP
Kuala Lumpur , Malaysia 1 - Sep - 2024 5 - Sep - 2024 5300 GBP
Rome , Italy 1 - Sep - 2024 5 - Sep - 2024 7900 GBP
Barcelona , Spain 1 - Sep - 2024 5 - Sep - 2024 8300 GBP
Zurich , Switzerland 1 - Sep - 2024 5 - Sep - 2024 8700 GBP
Tokyo , Japan 22 - Sep - 2024 26 - Sep - 2024 11500 GBP
Tokyo , Japan 1 - Sep - 2024 5 - Sep - 2024 11500 GBP
Milan , Italy 1 - Sep - 2024 5 - Sep - 2024 7500 GBP
London , UK 20 - Oct - 2024 24 - Oct - 2024 5950 GBP
Madrid , Spain 20 - Oct - 2024 24 - Oct - 2024 7500 GBP
Munich , Germany 20 - Oct - 2024 24 - Oct - 2024 8900 GBP
Berlin , Germany 20 - Oct - 2024 24 - Oct - 2024 8300 GBP
New York , United States 20 - Oct - 2024 24 - Oct - 2024 12750 GBP
Amsterdam , Netherlands 20 - Oct - 2024 24 - Oct - 2024 9100 GBP
Kuala Lumpur , Malaysia 27 - Oct - 2024 31 - Oct - 2024 5300 GBP
Rome , Italy 27 - Oct - 2024 31 - Oct - 2024 7900 GBP
Barcelona , Spain 27 - Oct - 2024 31 - Oct - 2024 8300 GBP
Zurich , Switzerland 27 - Oct - 2024 31 - Oct - 2024 8700 GBP
Istanbul , Turkey 6 - Oct - 2024 10 - Oct - 2024 5550 GBP
Bali , Indonesia 6 - Oct - 2024 10 - Oct - 2024 8700 GBP
Singapore , Singapore 6 - Oct - 2024 10 - Oct - 2024 8400 GBP
Washington , United States 6 - Oct - 2024 10 - Oct - 2024 13500 GBP
Dubai , UAE 13 - Oct - 2024 17 - Oct - 2024 5722.5 GBP
Paris , France 13 - Oct - 2024 17 - Oct - 2024 7900 GBP
Hong Kong , Hong Kong 13 - Oct - 2024 17 - Oct - 2024 9100 GBP
Milan , Italy 20 - Oct - 2024 24 - Oct - 2024 7500 GBP
Tokyo , Japan 13 - Oct - 2024 17 - Oct - 2024 11500 GBP
Dubai , UAE 17 - Nov - 2024 21 - Nov - 2024 5722.5 GBP
Paris , France 17 - Nov - 2024 21 - Nov - 2024 7900 GBP
Hong Kong , Hong Kong 17 - Nov - 2024 21 - Nov - 2024 9100 GBP
Dubai , UAE 24 - Nov - 2024 28 - Nov - 2024 5722.5 GBP
Paris , France 24 - Nov - 2024 28 - Nov - 2024 7900 GBP
Hong Kong , Hong Kong 24 - Nov - 2024 28 - Nov - 2024 9100 GBP
Istanbul , Turkey 3 - Nov - 2024 7 - Nov - 2024 5550 GBP
Bali , Indonesia 3 - Nov - 2024 7 - Nov - 2024 8700 GBP
Singapore , Singapore 3 - Nov - 2024 7 - Nov - 2024 8400 GBP
Washington , United States 3 - Nov - 2024 7 - Nov - 2024 13500 GBP
Kuala Lumpur , Malaysia 10 - Nov - 2024 14 - Nov - 2024 5300 GBP
Rome , Italy 10 - Nov - 2024 14 - Nov - 2024 7900 GBP
Barcelona , Spain 10 - Nov - 2024 14 - Nov - 2024 8300 GBP
Zurich , Switzerland 10 - Nov - 2024 14 - Nov - 2024 8700 GBP
London , UK 24 - Nov - 2024 28 - Nov - 2024 5950 GBP
Madrid , Spain 24 - Nov - 2024 28 - Nov - 2024 7500 GBP
Munich , Germany 24 - Nov - 2024 28 - Nov - 2024 8900 GBP
Berlin , Germany 24 - Nov - 2024 28 - Nov - 2024 8300 GBP
New York , United States 24 - Nov - 2024 28 - Nov - 2024 12750 GBP
Amsterdam , Netherlands 24 - Nov - 2024 28 - Nov - 2024 9100 GBP
Kuala Lumpur , Malaysia 24 - Nov - 2024 28 - Nov - 2024 5300 GBP
Rome , Italy 24 - Nov - 2024 28 - Nov - 2024 7900 GBP
Barcelona , Spain 24 - Nov - 2024 28 - Nov - 2024 8300 GBP
Zurich , Switzerland 24 - Nov - 2024 28 - Nov - 2024 8700 GBP
Tokyo , Japan 17 - Nov - 2024 21 - Nov - 2024 11500 GBP
Tokyo , Japan 24 - Nov - 2024 28 - Nov - 2024 11500 GBP
Milan , Italy 24 - Nov - 2024 28 - Nov - 2024 7500 GBP
London , UK 15 - Dec - 2024 19 - Dec - 2024 5950 GBP
Madrid , Spain 15 - Dec - 2024 19 - Dec - 2024 7500 GBP
Munich , Germany 15 - Dec - 2024 19 - Dec - 2024 8900 GBP
Berlin , Germany 15 - Dec - 2024 19 - Dec - 2024 8300 GBP
New York , United States 15 - Dec - 2024 19 - Dec - 2024 12750 GBP
Amsterdam , Netherlands 15 - Dec - 2024 19 - Dec - 2024 9100 GBP
Kuala Lumpur , Malaysia 22 - Dec - 2024 26 - Dec - 2024 5300 GBP
Rome , Italy 22 - Dec - 2024 26 - Dec - 2024 7900 GBP
Barcelona , Spain 22 - Dec - 2024 26 - Dec - 2024 8300 GBP
Zurich , Switzerland 22 - Dec - 2024 26 - Dec - 2024 8700 GBP
Istanbul , Turkey 8 - Dec - 2024 12 - Dec - 2024 5550 GBP
Bali , Indonesia 8 - Dec - 2024 12 - Dec - 2024 8700 GBP
Singapore , Singapore 8 - Dec - 2024 12 - Dec - 2024 8400 GBP
Washington , United States 8 - Dec - 2024 12 - Dec - 2024 13500 GBP
Dubai , UAE 1 - Dec - 2024 5 - Dec - 2024 5722.5 GBP
Paris , France 1 - Dec - 2024 5 - Dec - 2024 7900 GBP
Hong Kong , Hong Kong 1 - Dec - 2024 5 - Dec - 2024 9100 GBP
Milan , Italy 15 - Dec - 2024 19 - Dec - 2024 7500 GBP
Tokyo , Japan 1 - Dec - 2024 5 - Dec - 2024 11500 GBP

Course Syllabus

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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