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ONLINE: Economic Analysis for Upstream Projects (PBM940)

  • 31 May-2 Jun 20213 daysVirtual instructor-led course, OnlineCourse Fee: 1200 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

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


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HOT Engineering GmbH   Tel: +43 3842 43 0 53-0   Fax +43 3842 43 0 53-1   hot@hoteng.com