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
  • 231 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
London , UK 23 - Feb - 2025 27 - Feb - 2025 5950 GBP
Madrid , Spain 23 - Feb - 2025 27 - Feb - 2025 7500 GBP
Munich , Germany 23 - Feb - 2025 27 - Feb - 2025 8900 GBP
Berlin , Germany 23 - Feb - 2025 27 - Feb - 2025 8300 GBP
New York , United States 23 - Feb - 2025 27 - Feb - 2025 12750 GBP
Amsterdam , Netherlands 23 - Feb - 2025 27 - Feb - 2025 9100 GBP
Milan , Italy 23 - Feb - 2025 27 - Feb - 2025 7500 GBP
Istanbul , Turkey 16 - Feb - 2025 20 - Feb - 2025 5550 GBP
Bali , Indonesia 16 - Feb - 2025 20 - Feb - 2025 8700 GBP
Singapore , Singapore 16 - Feb - 2025 20 - Feb - 2025 8400 GBP
Washington , United States 16 - Feb - 2025 20 - Feb - 2025 13500 GBP
Taipei , Taiwan 16 - Feb - 2025 20 - Feb - 2025 12750 GBP
Dubai , UAE 16 - Mar - 2025 20 - Mar - 2025 5722.5 GBP
Paris , France 16 - Mar - 2025 20 - Mar - 2025 7900 GBP
Hong Kong , Hong Kong 16 - Mar - 2025 20 - Mar - 2025 9100 GBP
Tokyo , Japan 16 - Mar - 2025 20 - Mar - 2025 11500 GBP
Dubai , UAE 9 - Mar - 2025 13 - Mar - 2025 5722.5 GBP
Paris , France 9 - Mar - 2025 13 - Mar - 2025 7900 GBP
Hong Kong , Hong Kong 9 - Mar - 2025 13 - Mar - 2025 9100 GBP
Tokyo , Japan 9 - Mar - 2025 13 - Mar - 2025 11500 GBP
Istanbul , Turkey 2 - Mar - 2025 6 - Mar - 2025 5550 GBP
Bali , Indonesia 2 - Mar - 2025 6 - Mar - 2025 8700 GBP
Singapore , Singapore 2 - Mar - 2025 6 - Mar - 2025 8400 GBP
Washington , United States 2 - Mar - 2025 6 - Mar - 2025 13500 GBP
Kuala Lumpur , Malaysia 23 - Mar - 2025 27 - Mar - 2025 5300 GBP
Rome , Italy 23 - Mar - 2025 27 - Mar - 2025 7900 GBP
Barcelona , Spain 23 - Mar - 2025 27 - Mar - 2025 8300 GBP
Zurich , Switzerland 23 - Mar - 2025 27 - Mar - 2025 8700 GBP
London , UK 9 - Mar - 2025 13 - Mar - 2025 5950 GBP
Madrid , Spain 9 - Mar - 2025 13 - Mar - 2025 7500 GBP
Munich , Germany 9 - Mar - 2025 13 - Mar - 2025 8900 GBP
Berlin , Germany 9 - Mar - 2025 13 - Mar - 2025 8300 GBP
New York , United States 9 - Mar - 2025 13 - Mar - 2025 12750 GBP
Amsterdam , Netherlands 9 - Mar - 2025 13 - Mar - 2025 9100 GBP
Milan , Italy 9 - Mar - 2025 13 - Mar - 2025 7500 GBP
Kuala Lumpur , Malaysia 9 - Mar - 2025 13 - Mar - 2025 5300 GBP
Rome , Italy 9 - Mar - 2025 13 - Mar - 2025 7900 GBP
Barcelona , Spain 9 - Mar - 2025 13 - Mar - 2025 8300 GBP
Zurich , Switzerland 9 - Mar - 2025 13 - Mar - 2025 8700 GBP
Taipei , Taiwan 2 - Mar - 2025 6 - Mar - 2025 12750 GBP
Sydney , Australia 23 - Mar - 2025 27 - Mar - 2025 12750 GBP
Interlaken , Switzerland 23 - Mar - 2025 27 - Mar - 2025 9950 GBP
Sydney , Australia 9 - Mar - 2025 13 - Mar - 2025 12750 GBP
Interlaken , Switzerland 9 - Mar - 2025 13 - Mar - 2025 9950 GBP
London , UK 27 - Apr - 2025 1 - May - 2025 5950 GBP
Madrid , Spain 27 - Apr - 2025 1 - May - 2025 7500 GBP
Munich , Germany 27 - Apr - 2025 1 - May - 2025 8900 GBP
Berlin , Germany 27 - Apr - 2025 1 - May - 2025 8300 GBP
New York , United States 27 - Apr - 2025 1 - May - 2025 12750 GBP
Amsterdam , Netherlands 27 - Apr - 2025 1 - May - 2025 9100 GBP
Milan , Italy 27 - Apr - 2025 1 - May - 2025 7500 GBP
Istanbul , Turkey 6 - Apr - 2025 10 - Apr - 2025 5550 GBP
Bali , Indonesia 6 - Apr - 2025 10 - Apr - 2025 8700 GBP
Singapore , Singapore 6 - Apr - 2025 10 - Apr - 2025 8400 GBP
Washington , United States 6 - Apr - 2025 10 - Apr - 2025 13500 GBP
Istanbul , Turkey 13 - Apr - 2025 17 - Apr - 2025 5550 GBP
Bali , Indonesia 13 - Apr - 2025 17 - Apr - 2025 8700 GBP
Singapore , Singapore 13 - Apr - 2025 17 - Apr - 2025 8400 GBP
Washington , United States 13 - Apr - 2025 17 - Apr - 2025 13500 GBP
Dubai , UAE 20 - Apr - 2025 24 - Apr - 2025 5722.5 GBP
Paris , France 20 - Apr - 2025 24 - Apr - 2025 7900 GBP
Hong Kong , Hong Kong 20 - Apr - 2025 24 - Apr - 2025 9100 GBP
Tokyo , Japan 20 - Apr - 2025 24 - Apr - 2025 11500 GBP
Taipei , Taiwan 6 - Apr - 2025 10 - Apr - 2025 12750 GBP
Taipei , Taiwan 13 - Apr - 2025 17 - Apr - 2025 12750 GBP
Dubai , UAE 11 - May - 2025 15 - May - 2025 5722.5 GBP
Paris , France 11 - May - 2025 15 - May - 2025 7900 GBP
Hong Kong , Hong Kong 11 - May - 2025 15 - May - 2025 9100 GBP
Tokyo , Japan 11 - May - 2025 15 - May - 2025 11500 GBP
Dubai , UAE 4 - May - 2025 8 - May - 2025 5722.5 GBP
Paris , France 4 - May - 2025 8 - May - 2025 7900 GBP
Hong Kong , Hong Kong 4 - May - 2025 8 - May - 2025 9100 GBP
Tokyo , Japan 4 - May - 2025 8 - May - 2025 11500 GBP
Istanbul , Turkey 18 - May - 2025 22 - May - 2025 5550 GBP
Bali , Indonesia 18 - May - 2025 22 - May - 2025 8700 GBP
Singapore , Singapore 18 - May - 2025 22 - May - 2025 8400 GBP
Washington , United States 18 - May - 2025 22 - May - 2025 13500 GBP
Kuala Lumpur , Malaysia 25 - May - 2025 29 - May - 2025 5300 GBP
Rome , Italy 25 - May - 2025 29 - May - 2025 7900 GBP
Barcelona , Spain 25 - May - 2025 29 - May - 2025 8300 GBP
Zurich , Switzerland 25 - May - 2025 29 - May - 2025 8700 GBP
London , UK 4 - May - 2025 8 - May - 2025 5950 GBP
Madrid , Spain 4 - May - 2025 8 - May - 2025 7500 GBP
Munich , Germany 4 - May - 2025 8 - May - 2025 8900 GBP
Berlin , Germany 4 - May - 2025 8 - May - 2025 8300 GBP
New York , United States 4 - May - 2025 8 - May - 2025 12750 GBP
Amsterdam , Netherlands 4 - May - 2025 8 - May - 2025 9100 GBP
Milan , Italy 4 - May - 2025 8 - May - 2025 7500 GBP
Kuala Lumpur , Malaysia 4 - May - 2025 8 - May - 2025 5300 GBP
Rome , Italy 4 - May - 2025 8 - May - 2025 7900 GBP
Barcelona , Spain 4 - May - 2025 8 - May - 2025 8300 GBP
Zurich , Switzerland 4 - May - 2025 8 - May - 2025 8700 GBP
Taipei , Taiwan 18 - May - 2025 22 - May - 2025 12750 GBP
Sydney , Australia 25 - May - 2025 29 - May - 2025 12750 GBP
Interlaken , Switzerland 25 - May - 2025 29 - May - 2025 9950 GBP
Sydney , Australia 4 - May - 2025 8 - May - 2025 12750 GBP
Interlaken , Switzerland 4 - May - 2025 8 - May - 2025 9950 GBP
London , UK 8 - Jun - 2025 12 - Jun - 2025 5950 GBP
Madrid , Spain 8 - Jun - 2025 12 - Jun - 2025 7500 GBP
Munich , Germany 8 - Jun - 2025 12 - Jun - 2025 8900 GBP
Berlin , Germany 8 - Jun - 2025 12 - Jun - 2025 8300 GBP
New York , United States 8 - Jun - 2025 12 - Jun - 2025 12750 GBP
Amsterdam , Netherlands 8 - Jun - 2025 12 - Jun - 2025 9100 GBP
Milan , Italy 8 - Jun - 2025 12 - Jun - 2025 7500 GBP
Istanbul , Turkey 15 - Jun - 2025 19 - Jun - 2025 5550 GBP
Bali , Indonesia 15 - Jun - 2025 19 - Jun - 2025 8700 GBP
Singapore , Singapore 15 - Jun - 2025 19 - Jun - 2025 8400 GBP
Washington , United States 15 - Jun - 2025 19 - Jun - 2025 13500 GBP
Istanbul , Turkey 22 - Jun - 2025 26 - Jun - 2025 5550 GBP
Bali , Indonesia 22 - Jun - 2025 26 - Jun - 2025 8700 GBP
Singapore , Singapore 22 - Jun - 2025 26 - Jun - 2025 8400 GBP
Washington , United States 22 - Jun - 2025 26 - Jun - 2025 13500 GBP
Dubai , UAE 1 - Jun - 2025 5 - Jun - 2025 5722.5 GBP
Paris , France 1 - Jun - 2025 5 - Jun - 2025 7900 GBP
Hong Kong , Hong Kong 1 - Jun - 2025 5 - Jun - 2025 9100 GBP
Tokyo , Japan 1 - Jun - 2025 5 - Jun - 2025 11500 GBP
Taipei , Taiwan 15 - Jun - 2025 19 - Jun - 2025 12750 GBP
Taipei , Taiwan 22 - Jun - 2025 26 - Jun - 2025 12750 GBP
Dubai , UAE 6 - Jul - 2025 10 - Jul - 2025 5722.5 GBP
Paris , France 6 - Jul - 2025 10 - Jul - 2025 7900 GBP
Hong Kong , Hong Kong 6 - Jul - 2025 10 - Jul - 2025 9100 GBP
Tokyo , Japan 6 - Jul - 2025 10 - Jul - 2025 11500 GBP
Dubai , UAE 13 - Jul - 2025 17 - Jul - 2025 5722.5 GBP
Paris , France 13 - Jul - 2025 17 - Jul - 2025 7900 GBP
Hong Kong , Hong Kong 13 - Jul - 2025 17 - Jul - 2025 9100 GBP
Tokyo , Japan 13 - Jul - 2025 17 - Jul - 2025 11500 GBP
Dubai , UAE 20 - Jul - 2025 24 - Jul - 2025 5722.5 GBP
Paris , France 20 - Jul - 2025 24 - Jul - 2025 7900 GBP
Hong Kong , Hong Kong 20 - Jul - 2025 24 - Jul - 2025 9100 GBP
Tokyo , Japan 20 - Jul - 2025 24 - Jul - 2025 11500 GBP
Kuala Lumpur , Malaysia 27 - Jul - 2025 31 - Jul - 2025 5300 GBP
Rome , Italy 27 - Jul - 2025 31 - Jul - 2025 7900 GBP
Barcelona , Spain 27 - Jul - 2025 31 - Jul - 2025 8300 GBP
Zurich , Switzerland 27 - Jul - 2025 31 - Jul - 2025 8700 GBP
London , UK 13 - Jul - 2025 17 - Jul - 2025 5950 GBP
Madrid , Spain 13 - Jul - 2025 17 - Jul - 2025 7500 GBP
Munich , Germany 13 - Jul - 2025 17 - Jul - 2025 8900 GBP
Berlin , Germany 13 - Jul - 2025 17 - Jul - 2025 8300 GBP
New York , United States 13 - Jul - 2025 17 - Jul - 2025 12750 GBP
Amsterdam , Netherlands 13 - Jul - 2025 17 - Jul - 2025 9100 GBP
Milan , Italy 13 - Jul - 2025 17 - Jul - 2025 7500 GBP
London , UK 20 - Jul - 2025 24 - Jul - 2025 5950 GBP
Madrid , Spain 20 - Jul - 2025 24 - Jul - 2025 7500 GBP
Munich , Germany 20 - Jul - 2025 24 - Jul - 2025 8900 GBP
Berlin , Germany 20 - Jul - 2025 24 - Jul - 2025 8300 GBP
New York , United States 20 - Jul - 2025 24 - Jul - 2025 12750 GBP
Amsterdam , Netherlands 20 - Jul - 2025 24 - Jul - 2025 9100 GBP
Milan , Italy 20 - Jul - 2025 24 - Jul - 2025 7500 GBP
Kuala Lumpur , Malaysia 13 - Jul - 2025 17 - Jul - 2025 5300 GBP
Rome , Italy 13 - Jul - 2025 17 - Jul - 2025 7900 GBP
Barcelona , Spain 13 - Jul - 2025 17 - Jul - 2025 8300 GBP
Zurich , Switzerland 13 - Jul - 2025 17 - Jul - 2025 8700 GBP
Kuala Lumpur , Malaysia 20 - Jul - 2025 24 - Jul - 2025 5300 GBP
Rome , Italy 20 - Jul - 2025 24 - Jul - 2025 7900 GBP
Barcelona , Spain 20 - Jul - 2025 24 - Jul - 2025 8300 GBP
Zurich , Switzerland 20 - Jul - 2025 24 - Jul - 2025 8700 GBP
Sydney , Australia 27 - Jul - 2025 31 - Jul - 2025 12750 GBP
Interlaken , Switzerland 27 - Jul - 2025 31 - Jul - 2025 9950 GBP
Sydney , Australia 13 - Jul - 2025 17 - Jul - 2025 12750 GBP
Interlaken , Switzerland 13 - Jul - 2025 17 - Jul - 2025 9950 GBP
Sydney , Australia 20 - Jul - 2025 24 - Jul - 2025 12750 GBP
Interlaken , Switzerland 20 - Jul - 2025 24 - Jul - 2025 9950 GBP
London , UK 3 - Aug - 2025 7 - Aug - 2025 5950 GBP
Madrid , Spain 3 - Aug - 2025 7 - Aug - 2025 7500 GBP
Munich , Germany 3 - Aug - 2025 7 - Aug - 2025 8900 GBP
Berlin , Germany 3 - Aug - 2025 7 - Aug - 2025 8300 GBP
New York , United States 3 - Aug - 2025 7 - Aug - 2025 12750 GBP
Amsterdam , Netherlands 3 - Aug - 2025 7 - Aug - 2025 9100 GBP
Milan , Italy 3 - Aug - 2025 7 - Aug - 2025 7500 GBP
Istanbul , Turkey 10 - Aug - 2025 14 - Aug - 2025 5550 GBP
Bali , Indonesia 10 - Aug - 2025 14 - Aug - 2025 8700 GBP
Singapore , Singapore 10 - Aug - 2025 14 - Aug - 2025 8400 GBP
Washington , United States 10 - Aug - 2025 14 - Aug - 2025 13500 GBP
Istanbul , Turkey 17 - Aug - 2025 21 - Aug - 2025 5550 GBP
Bali , Indonesia 17 - Aug - 2025 21 - Aug - 2025 8700 GBP
Singapore , Singapore 17 - Aug - 2025 21 - Aug - 2025 8400 GBP
Washington , United States 17 - Aug - 2025 21 - Aug - 2025 13500 GBP
Dubai , UAE 24 - Aug - 2025 28 - Aug - 2025 5722.5 GBP
Paris , France 24 - Aug - 2025 28 - Aug - 2025 7900 GBP
Hong Kong , Hong Kong 24 - Aug - 2025 28 - Aug - 2025 9100 GBP
Tokyo , Japan 24 - Aug - 2025 28 - Aug - 2025 11500 GBP
Taipei , Taiwan 10 - Aug - 2025 14 - Aug - 2025 12750 GBP
Taipei , Taiwan 17 - Aug - 2025 21 - Aug - 2025 12750 GBP
Dubai , UAE 28 - Sep - 2025 2 - Oct - 2025 5722.5 GBP
Paris , France 28 - Sep - 2025 2 - Oct - 2025 7900 GBP
Hong Kong , Hong Kong 28 - Sep - 2025 2 - Oct - 2025 9100 GBP
Tokyo , Japan 28 - Sep - 2025 2 - Oct - 2025 11500 GBP
Dubai , UAE 7 - Sep - 2025 11 - Sep - 2025 5722.5 GBP
Paris , France 7 - Sep - 2025 11 - Sep - 2025 7900 GBP
Hong Kong , Hong Kong 7 - Sep - 2025 11 - Sep - 2025 9100 GBP
Tokyo , Japan 7 - Sep - 2025 11 - Sep - 2025 11500 GBP
Istanbul , Turkey 14 - Sep - 2025 18 - Sep - 2025 5550 GBP
Bali , Indonesia 14 - Sep - 2025 18 - Sep - 2025 8700 GBP
Singapore , Singapore 14 - Sep - 2025 18 - Sep - 2025 8400 GBP
Washington , United States 14 - Sep - 2025 18 - Sep - 2025 13500 GBP
Kuala Lumpur , Malaysia 21 - Sep - 2025 25 - Sep - 2025 5300 GBP
Rome , Italy 21 - Sep - 2025 25 - Sep - 2025 7900 GBP
Barcelona , Spain 21 - Sep - 2025 25 - Sep - 2025 8300 GBP
Zurich , Switzerland 21 - Sep - 2025 25 - Sep - 2025 8700 GBP
London , UK 7 - Sep - 2025 11 - Sep - 2025 5950 GBP
Madrid , Spain 7 - Sep - 2025 11 - Sep - 2025 7500 GBP
Munich , Germany 7 - Sep - 2025 11 - Sep - 2025 8900 GBP
Berlin , Germany 7 - Sep - 2025 11 - Sep - 2025 8300 GBP
New York , United States 7 - Sep - 2025 11 - Sep - 2025 12750 GBP
Amsterdam , Netherlands 7 - Sep - 2025 11 - Sep - 2025 9100 GBP
Milan , Italy 7 - Sep - 2025 11 - Sep - 2025 7500 GBP
Kuala Lumpur , Malaysia 7 - Sep - 2025 11 - Sep - 2025 5300 GBP
Rome , Italy 7 - Sep - 2025 11 - Sep - 2025 7900 GBP
Barcelona , Spain 7 - Sep - 2025 11 - Sep - 2025 8300 GBP
Zurich , Switzerland 7 - Sep - 2025 11 - Sep - 2025 8700 GBP
Taipei , Taiwan 14 - Sep - 2025 18 - Sep - 2025 12750 GBP
Sydney , Australia 21 - Sep - 2025 25 - Sep - 2025 12750 GBP
Interlaken , Switzerland 21 - Sep - 2025 25 - Sep - 2025 9950 GBP
Sydney , Australia 7 - Sep - 2025 11 - Sep - 2025 12750 GBP
Interlaken , Switzerland 7 - Sep - 2025 11 - Sep - 2025 9950 GBP
London , UK 19 - Oct - 2025 23 - Oct - 2025 5950 GBP
Madrid , Spain 19 - Oct - 2025 23 - Oct - 2025 7500 GBP
Munich , Germany 19 - Oct - 2025 23 - Oct - 2025 8900 GBP
Berlin , Germany 19 - Oct - 2025 23 - Oct - 2025 8300 GBP
New York , United States 19 - Oct - 2025 23 - Oct - 2025 12750 GBP
Amsterdam , Netherlands 19 - Oct - 2025 23 - Oct - 2025 9100 GBP
Milan , Italy 19 - Oct - 2025 23 - Oct - 2025 7500 GBP
Istanbul , Turkey 5 - Oct - 2025 9 - Oct - 2025 5550 GBP
Bali , Indonesia 5 - Oct - 2025 9 - Oct - 2025 8700 GBP
Singapore , Singapore 5 - Oct - 2025 9 - Oct - 2025 8400 GBP
Washington , United States 5 - Oct - 2025 9 - Oct - 2025 13500 GBP
Dubai , UAE 12 - Oct - 2025 16 - Oct - 2025 5722.5 GBP
Paris , France 12 - Oct - 2025 16 - Oct - 2025 7900 GBP
Hong Kong , Hong Kong 12 - Oct - 2025 16 - Oct - 2025 9100 GBP
Tokyo , Japan 12 - Oct - 2025 16 - Oct - 2025 11500 GBP
Taipei , Taiwan 5 - Oct - 2025 9 - Oct - 2025 12750 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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