ONLINE: Economic Analysis for Upstream Projects (PBM940)
19-21 June 2023 3 days Virtual instructor-led course, OnlineCourse Fee: 1450 EUR + VAT
Description
This course is aimed at providing fundamental knowledge of economics, contracts/taxation and finance/control for upstream oil and gas projects in the light of risk and uncertainty.
Economic analysis is a vital input to decision making, whether for maximising value of investment opportunities or insuring capital is allocated wisely.
Course Structure: 3 modules of 3 hours each, delivered over 3 days
Each day will consist of 1 module which will be no more than 3 hours in length with multiple breaks.
Course Level: Skill
Instructor: Pete Smith
Economic analysis is a vital input to decision making, whether for maximising value of investment opportunities or insuring capital is allocated wisely.
Course Structure: 3 modules of 3 hours each, delivered over 3 days
Each day will consist of 1 module which will be no more than 3 hours in length with multiple breaks.
Course Level: Skill
Instructor: Pete Smith
Designed for you, if you are...
- A petroleum / reservoir /drilling engineer or geoscientist working in a multidiscipline team
How we build your confidence
This is a three-session online course with lectures supported and illustrated by worked examples, case studies and follow-up exercises, group exercises and quizzes to give assurance that key learnings are accomplished.The benefits from attending
By the end of the course you will feel confident in:- Investigating investment profitability using decision analysis
- Validating data using statistical distributions and combining them
- Evaluating forecasts and presenting them effectively including the correlation between variables
- Understanding the economic & contractual framework
- Assessing portfolio management; asset aggregation, methodology and processes
Topics
Session 1- Introduction
- Risk analysis
- Utility curves
- Risk attitudes
- Cognitive biases - Probability definitions - decision trees and Bayes theorem
Session 2
- Concept of value, NPV and IRR
- Investment profitability & economic modelling
- Fiscal regimes - finance & control
Session 3
- Portfolio management
- Asset aggregation
- Portfolio optimisation - Contribution of risk analysis for portfolio management
HOT Engineering GmbH Tel: +43 3842 43 0 53-0 Fax +43 3842 43 0 53-1 hot@hoteng.com