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Petroleum Economics & Risk Analysis

Curriculum

  • 5 Sections
  • 15 Lessons
  • 5 Days
Expand all sectionsCollapse all sections
  • Module 1: Foundations of Petroleum Economics
    3
    • 1.1
      Overview of economic evaluation in exploration, development, and production
    • 1.2
      Key project elements: reserves, recovery factors, costs, prices, and production profiles
    • 1.3
      Understanding capital structure, discounting, and time value of money
  • Module 2: Fiscal Regimes, Contracts & Government Take
    3
    • 2.1
      Production-sharing contracts, concessions, service contracts, and hybrid fiscal systems
    • 2.2
      Government take components: royalties, taxes, bonuses, cost recovery, profit oil/gas
    • 2.3
      Impact of fiscal terms on project viability and investor attractiveness
  • Module 3: Cashflow Modelling & Economic Indicators
    3
    • 3.1
      Building project cashflow models for upstream and integrated petroleum assets
    • 3.2
      Key metrics: NPV, IRR, PI, payback, breakeven price, and cost-of-capital considerations
    • 3.3
      Scenario development and sensitivity modelling for strategic decision support
  • Module 4: Risk & Uncertainty Analysis in Petroleum Projects
    3
    • 4.1
      Types of uncertainties: geological, technical, commercial, fiscal, and market-related
    • 4.2
      Probabilistic approaches: distributions, decision trees, and EMV calculations
    • 4.3
      Monte Carlo simulation and risk quantification for economic modelling
  • Module 5: Portfolio Strategy, Investment Decisions & Project Evaluation
    3
    • 5.1
      Portfolio optimisation, project ranking, and capital-allocation frameworks
    • 5.2
      Screening methods for exploration and development investments
    • 5.3
      Economic governance, reporting, and decision-making processes in petroleum organisations
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