Petroleum Project Economics and Risk Analysis Course Schedule
Type a city name
Venue | Start Date | End Date | Details |
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London , UK | 17 - 12 - 2023 | 21 - 12 - 2023 |
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Kuala Lumpur , Malaysia | 24 - 12 - 2023 | 28 - 12 - 2023 |
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Istanbul , Turkey | 10 - 12 - 2023 | 14 - 12 - 2023 |
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Dubai , UAE | 28 - 1 - 2024 | 1 - 2 - 2024 |
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Dubai , UAE | 21 - 1 - 2024 | 25 - 1 - 2024 |
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Istanbul , Turkey | 14 - 1 - 2024 | 18 - 1 - 2024 |
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Kuala Lumpur , Malaysia | 7 - 1 - 2024 | 11 - 1 - 2024 |
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London , UK | 21 - 1 - 2024 | 25 - 1 - 2024 |
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Kuala Lumpur , Malaysia | 21 - 1 - 2024 | 25 - 1 - 2024 |
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Paris , France | 28 - 1 - 2024 | 1 - 2 - 2024 |
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Paris , France | 21 - 1 - 2024 | 25 - 1 - 2024 |
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London , UK | 25 - 2 - 2024 | 29 - 2 - 2024 |
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Kuala Lumpur , Malaysia | 18 - 2 - 2024 | 22 - 2 - 2024 |
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Istanbul , Turkey | 11 - 2 - 2024 | 15 - 2 - 2024 |
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Dubai , UAE | 4 - 2 - 2024 | 8 - 2 - 2024 |
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Paris , France | 4 - 2 - 2024 | 8 - 2 - 2024 |
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Dubai , UAE | 17 - 3 - 2024 | 21 - 3 - 2024 |
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Dubai , UAE | 10 - 3 - 2024 | 14 - 3 - 2024 |
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Istanbul , Turkey | 3 - 3 - 2024 | 7 - 3 - 2024 |
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Kuala Lumpur , Malaysia | 24 - 3 - 2024 | 28 - 3 - 2024 |
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London , UK | 10 - 3 - 2024 | 14 - 3 - 2024 |
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Kuala Lumpur , Malaysia | 10 - 3 - 2024 | 14 - 3 - 2024 |
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Paris , France | 17 - 3 - 2024 | 21 - 3 - 2024 |
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Paris , France | 10 - 3 - 2024 | 14 - 3 - 2024 |
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London , UK | 28 - 4 - 2024 | 2 - 5 - 2024 |
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Kuala Lumpur , Malaysia | 7 - 4 - 2024 | 11 - 4 - 2024 |
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Istanbul , Turkey | 14 - 4 - 2024 | 18 - 4 - 2024 |
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Dubai , UAE | 21 - 4 - 2024 | 25 - 4 - 2024 |
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Paris , France | 21 - 4 - 2024 | 25 - 4 - 2024 |
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Course Description
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