Course Overview
Master economic evaluation and risk-analysis techniques to support strategic investment decisions in petroleum projects.
Course Overview
Petroleum projects involve long timelines, high capital intensity, market volatility, and complex technical risks. This course provides a comprehensive understanding of petroleum economics and risk analysis, enabling participants to evaluate project feasibility, assess uncertainties, and support strategic decision-making across exploration, development, and production phases.
Participants learn how to build cashflow models, analyse fiscal regimes, calculate economic indicators, and apply probabilistic risk techniques. Real-world examples and case simulations illustrate how economic and risk-analysis tools guide investment screening, portfolio optimisation, and capital-allocation decisions in the petroleum sector.
What you’ll learn
By the end of this course, participants will be able to:
- Conduct economic evaluations of petroleum projects using industry-standard methods.
- Interpret fiscal systems, contracts, royalties, taxation, and government-take mechanisms.
- Use economic indicators—NPV, IRR, EMV, and sensitivity analysis—to support decisions.
- Apply risk-analysis tools including Monte Carlo simulation and probabilistic modelling.
- Assess uncertainties in reserves, costs, price forecasts, and operational performance.
Certification Details
Upon successful completion of this programme, participants will receive an Oxford Knowledge Certificate of Completion.
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Awarded by: Oxford Knowledge
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Format: Printed certificate with unique ID and optional digital verification
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Delivery: Issued at course completion or sent within 7 working days
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Recognition: Certificates validate participation in advanced, expert-led training aligned with global industry standards.
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Accreditation: Oxford Knowledge certifications represent advanced learning led by global experts. We are actively pursuing formal accreditations with top-tier institutions to further enhance your credentials.
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This certificate demonstrates your commitment to professional excellence and is a valuable addition to your leadership and development portfolio.
Requirements
- Designed for economists, petroleum engineers, planners, financial analysts, decision-makers, and asset managers
- Suitable for upstream operators, regulators, investors, national oil companies, and service providers
- Familiarity with petroleum operations, financial modelling, or project economics is recommended
- English proficiency required (course delivered in English)
Instructor
