The course provides knowledge of the role of petroleum economics in decision making for both exploration and production ventures.
The course is designed for staff working in geoscience, engineering, finance, or commercial departments of oil and gas companies, or companies who supply finance or services to the oil and gas industry. It is also suitable for commercial staff entering into finance, economics and planning assignments.
Duration
Learning Level
It gives participants the skills to perform economic evaluations using a selection of techniques, including discounted cashflow forecasting, ranking of projects against alternatives, and investigation of economic robustness. Learning is reinforced by working on a series of real examples such as decisions on investment in E&P projects, valuing and justifying appraisal activity, ranking alternative investment options, and evaluating incremental projects.
The course can be tailored for specfic areas, but will cover any or all of the following:
Introduction
Overview of the global oil and gas industry
Development Economics
Exploration Economics
Incremental economics
Managing a varied portfolio
Duration is 1 – 3 days.
BSc, MBA
40+ years - reservoir engineering, economics and risk analysis
Mark develops and runs courses in Early Development, Business & Risk and Reservoir Engineering series. He has a career background at Shell, TRACS (Director), and AGR (VP). Mark is Author of ‘Petroleum Economics and Risk Analysis’ and co-author of ‘Hydrocarbon Exploration and Production’, an SPE distinguished lecturer, and guest lecturer at Heriot-Watt University.
BSc, MEng
35+ years - reservoir engineering
Jerry mainly tutors courses in the Reservoir, Early Development, and Open Air Series. He has a career background at Shell, TRACS and AGR. Jerry is co-author of ‘Adventure Trekking in Oman’.
MEng, CEng, BSc
40+ years - reservoir engineering and commercial
Richard runs courses in Reservoir and Business & Risk series. He has a career background at BP, AGR and TRACS. Richard is a global advisor, business planning & economic analysis.
Energy transition and renewables
Early development
E&P overview
Reservoir
Wells
Business
Open air
Uncertainty and Risk
e-Products
