Upstream Petroleum Economics, Risk & Fiscal Analysis

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Course Objectives

Gain a thorough understanding of oil & gas economic evaluations

• Identify the main components and construct cash flow projections for your upstream projects

• Determine key elements and determinants involved in making oil and gas investment decisions

• Understand and apply economic indicators to assess oil & gas industry projects

• Quantify and manage uncertainty and risk faced in upstream business decisions

• Apply Monte Carlo simulation and other statistical methods in risk analysis to exploration and production investments effectively

• Understand, evaluate and model both fiscal and production sharing contract terms Worldwide


·Net Cash Flow

• Economic Life and Reserves

• Distinction between Cash Flow and Profit

• Cash Flow and Tax

• Cash Flow and Production Sharing Contracts

• Sunk Costs

• Incorporating Inflation into Cash Flow Projections

• Real and Nominal Cash Flows


• Net Present Value (NPV)

• Real and Nominal NPVs

• Internal Rate of Return (IRR)

• Problems with IRR

• Payback

• Capital Productivity Index (CPI

•Sensitivity Analysis

• Probability Analysis

• Using Probability in the oil and gas industry

• Monte Carlo Simulation

• Exploration decisions

• Production Sharing Contracts, Fiscal Systems and Terms in the Asia Pacific Region

• Worldwide Fiscal Terms

Who should attend?

Upstream E&P professionals with a need for detailed understanding of the upstream petroleum economics including geoscientists, reservoir engineers, production engineers, petroleum engineers, planning and development analysts, commercial analysts, executive, managers, business planners, analysts, executives, managers, production sharing executives, managers, project executives, manager, petroleum economists, general managers, finance and account.

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