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This course is a practical petroleum economics course, which introduces participants to methods and practices utilized in the international oil industry to examine the economic viability of upstream oil & gas projects. The development and the application of spreadsheet models will enable participants to evaluate the economics of a field development project.
The Primary Objectives of the Course are to:
Engineers, geologists, economists, accountants, technicians who need to learn how to conduct economic evaluation and to understand the role of petroleum economics in investment decision making. This workshop is also recommended for supervisors & managers in the Planning, Exploration, Production, Projects, Financing and Technical Departments in Oil & Gas Companies
The workshop 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 workshop 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.
Participants will gain the knowledge and skills of evaluating upstream petroleum assets, including the determination of economic indicators and analyzing risk and uncertainty.
DAY 1 – Cash Flow Analysis
DAY 2 – Economic Indicators
DAY 3 - Risks and Uncertainties
DAY 4 – Setting up Spreadsheet Calculation
DAY 5 - Setting up Oil Field Development Model
Setting up an Integrated Economic Model of a Typical Oil Field Development Project including Sensitivity Analysis.
CDGA attendance certificate will be issued to all attendees completing minimum of 75% of the total course duration.
Code | Date | Venue | Fees | Register |
---|---|---|---|---|
PM165-07 | 06-10-2024 | Cairo | USD 5450 | |
PM165-08 | 01-12-2024 | Dubai | USD 5450 |
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