Petroleum Project Economics and Risk Analysis

Course Info

Length: 1 Week

Type: Online

Available Dates

Fees

  • Nov-04-2024

    2,150

  • Dec-30-2024

    2,150

  • Jan-20-2025

    2,150

  • Feb-17-2025

    2,150

  • Mar-17-2025

    2,150

  • Apr-21-2025

    2,150

  • May-19-2025

    2,150

  • June-16-2025

    2,150

  • July-21-2025

    2,150

  • Aug-18-2025

    2,150

  • Sep-15-2025

    2,150

  • Oct-20-2025

    2,150

  • Nov-17-2025

    2,150

  • Dec-15-2025

    2,150

Course Details

Course Outline

5 days course

Cashflow Analysis

 

  • Familiarization with Economic terms
  • Setting up Cashflow Calculation
  • Depreciation Methods
  • Loss Carry Forwards
  • Inflation
  • Nominal & Real Cashflow
  • Sunk Costs
  • Project Financing
Economic Indicators
 
  • Economic Indicators Definitions
  • Present Value Concept
  • Discount Factor
  • Net Present Value
  • Internal Rate of Return
  • Effect of Project Delay
  • Payback Period
  • Profit / Investment Ratio
  • Incremental Projects
Risks and Uncertainties
 
  • Risk & Uncertainty
  • Expected Value Concept
  • Decision Tree Analysis
  • Farm-out Decision
  • Probability Analysis
  • Sensitivity Analysis
  • Probability Distribution
  • Monte Carlo Simulation
Setting up Spreadsheet Calculation
 
  • Introduction to Spreadsheet Calculation
  • Simple Cashflow using Excel
  • NPV Calculations
  • Application of Economic Indicators
  • Class Discussion
Setting up Oil Field Development Model
 
  • Setting up an Integrated Economic Model of a Typical Oil Field Development
  • Project Sensitivity Analysis for the Selected Model
  • Introduction to Russell Field Model
  • Final Remarks

Course Video