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BASIC PETROLEUM ECONOMICS

COURSE OVERVIEW & LEARNING OUTCOMES

Engineers are at the front end of the decision making value chain. Oftentimes, decision cycles are long because of unnecessary iterations, or the quality of decisions are sub optimal because project teams are peopled by professionals who have poor grasps of the principles of economics.

 

This one week course helps attendees develop or update their competencies in the fundamentals of oil and gas economics. It is targeted towards engineers with little or no exposure to petroleum economics and other personnel desiring to understand the basis of economics in decision making. It is a hands-on, calculation based training course.

TARGET PARTICIPANTS

  • Engineers

  • Managers

  • Planners

  • Commercial Analysts

EXAMPLE MODULES

  • Cash Flow and its derivation

  • Depreciation

  • Income Tax calculation

  • Concept of Time Value of Money

  • Net Present Value

  • Investment Ratios and Payout

  • Rate of Return

  • Real and Nominal Economics

  • Introduction to Fiscal Systems

  • Basic economic modeling

DURATION

5 Days

LOCATIONS:

Houston Dubai

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