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Petroleum Business
Basic Petroleum Economics
A foundation course that equips participants to judge what a project will cost, what it is worth and whether it will pay. It works through production and price forecasting, budgeting, financing, accounting and contract terms, all of which shape project economics. Participants practise building cash flow models and apply them to typical evaluation scenarios.
- Discipline
- Petroleum Business
- Level
- Foundation
- Duration
- 5 days
- Formats
- Classroom, In-house, Blended
Every course can be delivered in-house and tailored to your organisation.
Who should attend
Managers, engineers, explorationists, accounting supervisors and others who need a practical grounding in the economics and profitability of exploration and production.
What participants will be able to do
- Forecast oil and gas production using decline methods
- Estimate crude prices from quality and marker benchmarks
- Determine the economic limit of a project
- Construct revenue and full cash flow models
- Evaluate project profitability under common scenarios
Topics covered
- Production decline forecasting
- Crude oil pricing
- Economic limit
- Cash flow modelling
- Budgeting and financing
- Contractual arrangements