Objectives

• Understand various economic terms used in the oil & gas industry.
• Understand how to develop economic models of various petroleum fiscal regimes.
• Carry out cash flow analysis, different economic analyses for petroleum related project and determine economic indicators.
• Evaluate and quantify risks and uncertainties.
• Make the right investment decision in the presence of risk.
• Carry out a comprehensive economic evaluation study for any petroleum related project including risk analysis and sensitivity study using spreadsheet.
• Contribute to the petroleum project investment within a solid economic system and do a detailed economic evaluation.
• Contribute to the decision-making process for any petroleum related project.

Programme Outline

• Cash Flow Analysis
• Economic Indicators
• Risks and Uncertainties
• Setting up Spreadsheet Calculation
• Setting up Oil Field Development Model