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Our Upcoming Trainings
Wed, Mar 06
|Indonesia
Petroleum Project Economics & Risk Analysis
This course provides practical guidance in the application of the techniques of the economic analysis currently used in the oil & gas industry
Time & Location
Mar 06, 2024, 8:00 AM – Mar 08, 2024, 5:00 PM
Indonesia
About The Training
OVERVIEW
This course provides practical guidance in the application of the techniques of the economic analysis currently used in the oil & gas industry. When executing a petroleum-related project, such as a field development, you should be able to choose the best alternative from an economic point of view. You should be able to properly evaluate various investment opportunities by determining economic indicators and the sensitivity of risk analysis.
OBJECTIVES
By the end of this training course, participants will be able to:
- Understand various economic terms used in the Oil and gas industry
- Understand how to develop economic models of various petroleum fiscal regimes
- Carry out cash flow analysis, and different economic analyses for petroleum-related projects 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 a 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
TARGET PARTICIPANTS
- Oil & Gas Field Engineers
- Oil & Gas Managers
- Oil & Gas Auditors
- Oil & Gas Planners
- Financial Analysts
COURSE CONTENTS
1. 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
2. PROJECT ECONOMICS
- Methods of evaluation
- Project lifecycle and who is involved
- Common types of oil and gas upstream projects
- Forecasting production, prices, and expenses
3. CASH FLOW AND ECONOMIC INDICATORS
- Defining revenue and operating expenses
- Capital expenditures
- Discounting and present value
- Economic indicators
4. CONCEPTS OF DECISION AND RISK ANALYSIS
- Concepts of decision and risk analysis including decision criteria
- Decisions in the oil and gas industry
- Essentials of uncertainty, risk, probability, and statistics
- A proven process for decision analysis