Audience

Engineers, geologists, economists, accountants, technicians who need to learn how to conduct
economic evaluation and to understand the role of petroleum economics in investment decision
making. This workshop is also recommended for supervisors & managers in the Planning,
Exploration, Production, Projects, Financing and Technical Departments in Oil & Gas Companies

Purpose

This workshop provides practical guidance in the application of the techniques of the economic
analysis currently used in the oil & gas. Techniques for predicting profit, production, costs, and
cash flow enable the analyst to evaluate decision alternatives for optimum results. Understanding
economic indicators, risk and uncertainty, different economic structures such as royalty/tax
regimes and production sharing contracts, enhances the quality and the value of economic
analysis.

Learning Objectives

• Upon completion of the course, you will learn how to:
   Understand various economic terms used in the oil & gas industry
   Understand how to develop economic models of various petroleum fiscal regimes
   Carry out cash flow analysis and determine economic indicators
   Carry out different economic analyses for petroleum related projects
   Evaluate and quantify risks and uncertainties
   Make the right investment decision in the presence of risk
   Carry out a comprehensive economic evaluation study for any petroleum related project
  including risk analysis and sensitivity study using spreadsheet