Economic Analysis for Upstream Projects (PBM940)

Tijdsduur

Economic Analysis for Upstream Projects (PBM940)

HOT Engineering - A Member of the HOT Energy Group
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Startdata en plaatsen

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Beschrijving

COURSE 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…

Lees de volledige beschrijving

Veelgestelde vragen

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COURSE 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

HOT is an award-winning provider of training solutions for the energy industry. We pride ourselves in delivering excellence with each and every course session: Quality is always at the core of what we do.

Our top-notch courses, developed and taught exclusively by true experts, have been valued by the industry for over 30 years. Our training sessions equip our clients with powerful skills to remain competitive in an increasingly complex petroleum industry. We accelerate careers and empower people, striving to achieve the best possible results.

Our training portfolio covers all stages of the E&P value chain, as well as renewable energy, soft skills, and finance courses.

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