Petroleum Economics Modelling

This program is suitable and highly recommended for Petroleum Economist, Reservoir engineers, supervisors and other key employees from Finance, Commercial, Exploration & Production, New Venture Development & Planning, Business Development, Legal etc. who would wish to enhance their knowledge base in advance financial/economics modelling of upstream assets 

 This course is organized over two weeks in the month of August in London, UK. Venue will be communicated to each participant upon confirmation of participation. Please call us or write to us for more details 

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Participants will become familiar with the advance concepts and modelling techniques in petroleum economics/finance, risk, and decision analysis related to upstream Oil and Gas projects for key investment decision and risk analysis. They will learn the key concepts of Petroleum Economics by Modelling, fiscal regimes, scenarios, sensitivities, uncertainty and risking, farm-in/out cases, etc. in Excel. ase revenue and drive growth. From lead generation to sales training, we offer a range of services to help you achieve your sales goals.

• Fundamentals – Time Value of Money & DCF revision
• Mutually Exclusive & Non-Mutually Exclusive Project 
• Escalated & Constant Money
• Uncertainty & Risk Analysis
• DD&A Calculations
• Tax & Working Capital
• Post-Tax Investment Decision Methods
• Post-Tax Service Analysis
• Evaluations Involving Borrowed Money
• Currency Considerations
• Hedging.

• Reserves Categories 
• Oil and Gas Production Profiles and Decline forecasts
• Calculation of the prospect minimum economic reserve
• Construction of the Risk Tree of all outcomes 
• Calculation of Prospect EMV, Drill or No-drill decision

• Estimation of Reserves & Drive Mechanism
• Geotechnical Estimates Under Uncertainty
• Risk Analysis of Exploration Prospects
• Economic Analysis of Exploration Venture
• Exploration Plays – Risk Analysis & Economic Assessment
• Management of Exploration Projects as Business Venture

• R/T Modelling
• PSC Modelling
• Service Contract Case Study
• Abandonment Provisioning Modelling
• Gas Sales Contract – Intro
• ·Tax loss carry back/forward.

• Consolidation Types 
• Ring-fencing
• Incremental Analysis
• Spider & Tornado
• Water Fall Chart
• Using Pivot Chart 

• Discreet vs. Continuous probability
• Poisson, Exponential, and Random Variables
• Using Monte Carlo Simulation 
• EMV & Decision Tree

 The two week course cost £ 8,000 inclusive of all taxes. For every additional participant each delegates gets 25% discount. The above does not include travel, lodging and food.