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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
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Managers
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Engineers
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Corporate Planners
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Commercial Analysts
EXAMPLE MODULES
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Overview of Basic Petroleum Economic Theories
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Fiscal Systems
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Economic Limits
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Government Take
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Comparison of Risk vs. Uncertainty
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Uncertainty Analysis- Sensitivity & Scenario Analysis, Expected Value, Decision Trees
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Portfolio Analysis Optimization- Project Consolidation, Ring Fencing, Incremental Economics
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Principles of Monte Carlo Simulation
DURATION
5 Days
LOCATIONS:
Houston Dubai
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