Integrated Petroleum Economics and Risk Analysis

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Disciplines: Management

Course Description

Petroleum economics plays a vital role in the oil and gas Industry and it lies at the heart of all decision-making. Performing prudent investment evaluation becomes even more critical in the lower crude oil price environment and/or development of marginal field/projects.

Various techniques have evolved over time in determining and calculating economic inputs, evaluating investments, quantifying risk and generating feasible portfolios. This one-day seminar will bridge the gap between theory and practice and show the methodologies used in performing economic evaluations and making decisions on the economic viability of investments.

Petroleum economics brings together information and expertise across the E&P spectrum and a clear understanding of the following is required:

• Cash-flow analysis and the right assumptions to use
• Bridging the gap between theory and practice
• Cost drivers and risk management
• Profitability indicators and their application in decision-making
• Accounting for uncertainty in economic evaluation of investments
• Macro and micro-economic effects on investment analysis

Learning Level

Beginner to Advanced

Course Length

1 Day

Why Attend

By attending this seminar, the participants will be able to assist in making investment decisions, such as deciding:

• Whether or not to drill an exploration well
• Whether or not to develop an entire oil and/or gas field
• On the commerciality of a new discovery
• On adequate facility and infrastructure requirements, upgrades/replacements
• On debottlenecking of existing facilities
• On abandonment of existing field/facilities

Who Attends

Engineers, geoscientists, economists, financial analysists, financial modelers

CEUs

0.8 CEUs (Continuing Education Units) are awarded for this 1-day course.

Additional Resources

This course has a supplemental book located in our SPE Bookstore entitled Introduction to Petroleum Economics. Please check out this valuable resource!

Cancellation Policy

All cancellations must be received no later than 14 days prior to the course start date. Cancellations made after the 14-day window will not be refunded. Refunds will not be given due to no show situations.

Training sessions attached to SPE conferences and workshops follow the cancellation policies stated on the event information page. Please check that page for specific cancellation information.

SPE reserves the right to cancel or re-schedule courses at will. Notification of changes will be made as quickly as possible; please keep this in mind when arranging travel, as SPE is not responsible for any fees charged for cancelling or changing travel arrangements.

We reserve the right to substitute course instructors as necessary.

Instructor