This course teaches the fundamentals of assessing the economic viability of upstream oil & gas projects in terms of the data / information required, the calculation techniques used, the assumptions made and how to interpret the resulting metrics such as NPV, ROI, ROR, IRR, P/I, etc.
More and more technologists are being directly involved in economic valuations - either through being asked to perform these evaluations or by participating in related issues such as calculating the value of information, data, technical work or research. Any technologist who wants to be aware of the value of their contribution, or who aspires to management or decision-making positions, will find great value in understanding project economics and its underlying assumptions.
A surface or sub-surface technologist (engineer of any discipline, geologist, geophysicist and petrophysicist) who directly or indirectly contributes information or data to economic evaluations
How we build your confidence
The course combines lectures, group work, and individual exercises. A number of examples and practical decision problems will be addressed - both in the lectures as well as in the practice sessions. Microsoft Excel with decision tree and Monte Carlo Simulation add-ons will be used for many of the examples and exercises.
In addition to the course manual participants will receive a copy of the textbook 'Making Good Decisions'. This book provides essential reading for both technical professionals and managers.
"Very clear, accessible and engaging. Pitched at a good level for geoscientists." - Geoscientist at Ophir Energy "The instructor is very knowledgeable, exercises are helpful and well designed." – Reservoir Engineer at Qatar Petroleum "Very good and easy to follow presenter and presentations, very interactive." – Engineer at RWE Dea