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PETROLEUM ECONOMICS, RISK AND UNCERTAINTY ANALYSIS

COURSE OVERVIEW & LEARNING OUTCOMES

This course is designed for more experienced engineers, managers, corporate planners etc. It builds on the modules of the basic economics class and extends into in-depth understanding of fiscal systems, and risk and uncertainty analysis.

TARGET PARTICIPANTS

  • Managers

  • Engineers

  • Corporate Planners

  • Commercial Analysts

EXAMPLE MODULES

  • Overview of Basic Petroleum Economic Theories

  • Fiscal Systems

  • Economic Limits

  • Government Take

  • Comparison of Risk vs. Uncertainty

  • Uncertainty Analysis- Sensitivity & Scenario Analysis, Expected Value, Decision Trees

  • Portfolio Analysis Optimization- Project Consolidation, Ring Fencing, Incremental Economics

  • Principles of Monte Carlo Simulation

DURATION

5 Days

LOCATIONS:

Houston Dubai

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