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Fundamentals of Petroleum Economics

Curriculum

  • 5 Sections
  • 15 Lessons
  • 5 Days
Expand all sectionsCollapse all sections
  • Module 1: Introduction to Petroleum Economics & Industry Value Drivers
    3
    • 1.1
      Fundamentals of economic evaluation in the upstream petroleum sector
    • 1.2
      Key value drivers: reserves, production profiles, costs, prices, and risks
    • 1.3
      Relationship between technical uncertainty and economic outcomes
  • Module 2: Cost Structures, Pricing & Fiscal Systems
    3
    • 2.1
      Exploration, development, operating, and abandonment cost categories
    • 2.2
      Crude oil and gas pricing fundamentals and price forecasting considerations
    • 2.3
      Fiscal regimes: royalties, taxes, profit sharing, and government take
  • Module 3: Cash Flow Analysis & Economic Indicators
    3
    • 3.1
      Building project cash flows: revenues, costs, investments, and netbacks
    • 3.2
      Key indicators: NPV, IRR, payback period, and profitability index
    • 3.3
      Comparing project alternatives and screening investment opportunities
  • Module 4: Risk, Uncertainty & Sensitivity Analysis
    3
    • 4.1
      Sources of uncertainty in petroleum projects and how they impact economics
    • 4.2
      Sensitivity analysis to evaluate price, cost, and production variations
    • 4.3
      Scenario development for decision support and portfolio assessment
  • Module 5: Economic Evaluation of Petroleum Projects
    3
    • 5.1
      Assessing exploration prospects, field developments, and production opportunities
    • 5.2
      Economic thresholds, break-even analysis, and marginal project evaluation
    • 5.3
      Presenting economic results to decision-makers and supporting investment approvals
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