starts: 07/11 10:30 AM
This course will introduce a variety of fundamental petroleum economic principles including revenue, expenditures, fiscal systems, risk analysis, and investment analysis. Participants will learn multiple approaches to modeling decisions for oil and gas projects. This course will also highlight a proven process and technology for decision analysis, which is used by companies worldwide.
• Cash flow basics
• Revenue
• Expenditures
• Fiscal Systems
• Risk analyses
• Investment analyses
• Petroleum economic challenge
• Concepts of decision and risk analyses including decision criteria
• Decisions in oil and gas industry
• Essentials of uncertainty, risk, probability and statistics
• A proven process for decision analyses
• Modeling upstream oil and gas decisions
• Identify and incorporate key uncertainties
• Simple decision models
• Complex decision models with probabilistic analyses
• Case studies and practice problems
• Group problem challenge