/  Petroleum Project Economics and Risk Analysis Training

Petroleum Project Economics and Risk Analysis Training

BMC Training provides a training course in Petroleum Project Economics and Risk Analysis in Oil and Gas Training

Course Title
Venue
Start Date
End Date
  • Kuala Lumpur
    21 - 10 - 2018
    25 - 10 - 2018
  • Istanbul
    28 - 10 - 2018
    1 - 11 - 2018
  • Muscat
    21 - 10 - 2018
    25 - 10 - 2018
  • London
    25 - 11 - 2018
    29 - 11 - 2018
  • Dubai
    4 - 11 - 2018
    8 - 11 - 2018
  • Kuala Lumpur
    25 - 11 - 2018
    29 - 11 - 2018
  • Kuala Lumpur
    9 - 12 - 2018
    13 - 12 - 2018
  • Istanbul
    16 - 12 - 2018
    20 - 12 - 2018
  • Muscat
    9 - 12 - 2018
    13 - 12 - 2018
  • London
    20 - 1 - 2019
    24 - 1 - 2019
  • Dubai
    13 - 1 - 2019
    17 - 1 - 2019
  • Paris
    20 - 1 - 2019
    24 - 1 - 2019
  • Kuala Lumpur
    3 - 2 - 2019
    7 - 2 - 2019
  • Istanbul
    24 - 2 - 2019
    28 - 2 - 2019
  • Muscat
    3 - 2 - 2019
    7 - 2 - 2019
  • London
    10 - 3 - 2019
    14 - 3 - 2019
  • Dubai
    3 - 3 - 2019
    7 - 3 - 2019
  • Paris
    10 - 3 - 2019
    14 - 3 - 2019
  • Kuala Lumpur
    28 - 4 - 2019
    2 - 5 - 2019
  • Istanbul
    21 - 4 - 2019
    25 - 4 - 2019
  • Muscat
    28 - 4 - 2019
    2 - 5 - 2019
  • London
    5 - 5 - 2019
    9 - 5 - 2019
  • Dubai
    26 - 5 - 2019
    30 - 5 - 2019
  • Paris
    5 - 5 - 2019
    9 - 5 - 2019
  • Kuala Lumpur
    16 - 6 - 2019
    20 - 6 - 2019
  • Istanbul
    9 - 6 - 2019
    13 - 6 - 2019
  • Muscat
    16 - 6 - 2019
    20 - 6 - 2019
  • London
    14 - 7 - 2019
    18 - 7 - 2019
  • Dubai
    21 - 7 - 2019
    25 - 7 - 2019
  • Paris
    14 - 7 - 2019
    18 - 7 - 2019
  • Kuala Lumpur
    25 - 8 - 2019
    29 - 8 - 2019
  • Istanbul
    4 - 8 - 2019
    8 - 8 - 2019
  • Muscat
    25 - 8 - 2019
    29 - 8 - 2019
  • London
    1 - 9 - 2019
    5 - 9 - 2019
  • Dubai
    8 - 9 - 2019
    12 - 9 - 2019
  • Paris
    1 - 9 - 2019
    5 - 9 - 2019

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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