(Click Category to List Courses)

6 - OGE - Oil & Gas - General/Miscellaneous

---

OGE 121 - Petroleum Project Economics & Risk Analysis

Code	Start Date	Duration	Venue
OGE 121	15 April 2024	5 Days	Istanbul	Registration Form Link
OGE 121	20 May 2024	5 Days	Istanbul	Registration Form Link
OGE 121	24 June 2024	5 Days	Istanbul	Registration Form Link
OGE 121	29 July 2024	5 Days	Istanbul	Registration Form Link
OGE 121	02 September 2024	5 Days	Istanbul	Registration Form Link
OGE 121	07 October 2024	5 Days	Istanbul	Registration Form Link
OGE 121	11 November 2024	5 Days	Istanbul	Registration Form Link
OGE 121	16 December 2024	5 Days	Istanbul	Registration Form Link

 

Course Description

This practical course covers the fundamental aspects of upstream petroleum economics and risk analysis through a variety of lectures and workshop exercises. It will allow participants to construct computer-based economic models, incorporate relevant cash-flow data and draw conclusions to aid decision-making. It also provides practical guidance in the application of the techniques of the economic analysis currently used in the oil & gas industry. Techniques for predicting profit, production, costs, and cash flow enable the analyst to evaluate decision alternatives for optimum results. Understanding economic indicators, risk and uncertainty, different economic structures such as tax regimes and production sharing contracts, enhances the quality and the value of economic analysis.
The course will include a number of exercises aimed at enhancing each participant capability to conduct various economic evaluations. In addition each participant will attempt to develop spreadsheet calculations of various economic analyses. At the end of the workshop each participant will be given a comprehensive spreadsheet program that can carry out a complete economic evaluation including a sensitivity analysis.
Additionally, the course assumes no or limited prior knowledge of the topics covered in the course. New concepts and tools are introduced gradually to enable delegates to progress from the fundamental to the advanced concepts of economic evaluation.

Course Objectives

• Understanding various economic terms used in the oil & gas industry
• Understanding how to develop economic models of various petroleum fiscal regimes
• Carrying out cash flow analysis and determine economic indicators
• Carrying out different economic analyses for petroleum related projects
• Evaluating and quantify risks and uncertainties
• Making the right investment decision in the presence of risk
• Carrying out a comprehensive economic evaluation study for any petroleum related project including risk analysis and sensitivity study using spreadsheet

Who Should Attend?

• Engineers
• Geologists
• Accountants
• Technicians who need to learn how to conduct economic evaluation and to understand the role of petroleum economics in investment decision making.
• Supervisors & Managers in the Planning, Exploration, Production, Projects, Financing and Technical Departments in Oil & Gas Companies