Petroleum Project Economics & Risk Analysis

The training course approach is based on principles of economic evaluation of petroleum related project with focusing on step by step developing economic models, determining economic indicators, evaluating and quantifying risks and uncertainties and making the right investment decision for the project. To facilitate that, the Microsoft Excel based economics modules will be built and all discussions will be provided using high quality power point slides.

The primary objectives of this training course are to:

• Understand various economic terms used in the Oil & Gas industry
• Understand how to develop economic models of various petroleum fiscal regimes
• Carry out cashflow 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

This Petroleum Project Economics & Risk Analysis training course is designed to provide technical and practical approaches to executing a petroleum related project in upstream sector.

This training course is suitable to a wide range of professionals but will greatly benefit:

• Oil & Gas Field Engineers
• Oil & Gas Managers
• Oil & Gas Auditors
• Oil & Gas Planners
• Financial Analysts
• Project Management Professionals

Organisational Impact

By sending delegates on this Gulf Rowad  Petroleum Project Economics and Risk Analysis training course, your organization will benefit by:

• Participants learn about the application of economic valuation and risk assessment processes and techniques within the global Oil & Gas industry
• Help the participants to identify and analyse the risk involved in a petroleum related project
• Help the participants to apply the decision-making procedures to justify the petroleum projects in term of profitability
• Help the participants to recognize the uses of options in the ranking criteria to select and execute the high profitable project
• Putting values to the Oil & Gas companies’ active project through interpretation of economic results of applied case studies
• Help participants to recognize and identify the influencing parameters for oil and gas field developments

Personal Impact

By attending this training course you will:

• Learn to construct a project cashflow model
• Gain the techniques in project ranking and screening
• Gain the operational decision-making techniques under risk
• Capable of identifying the uncertainties in petroleum related project and how to manage them
• Enhance the participant’s awareness about influential parameters in an oil and gas field development plan