Upstream Petroleum Economics, Risk and Fiscal Analysis

In today’s volatile oil price environment, the analysis of risk in an economic evaluation of an upstream oil and gas investment is absolutely crucial. Corporate/asset acquisitions and disposals, acreage bidding, exploration drilling evaluations, field development decisions, equipment purchases, lease / buy decisions, fiscal negotiations and so on all require comprehensive economic analyses.

The complete economics analysis will be based first of all on detailed after tax cash flow analyses incorporating full fiscal effects, the assessment of economic indicators and detailed probability analysis. Such analyses are now standard in the evaluation of investments in today’s international upstream oil and gas industry.

This course will give a complete understanding of the use of the techniques of economic analysis and risk analysis as currently practiced in the oil and gas industry. Course participants will receive a thorough understanding of the context of economic analysis as well as practical instruction and an appreciation of the analytical techniques used. The course will rely heavily on the participants carrying out worked examples and examining cases to aid their understanding of the concepts introduced.

Top Learning Objectives

  • Understand and construct petroleum industry cash flow projections
  • Calculate, understand and know how to apply economic indicators
  • Understand and apply risk analysis to exploration & production investments
  • Evaluate and model fiscal/PSC terms of countries worldwide
  • Accurately value oil and gas properties
  • Discover the latest techniques in sensitivity and probability risk analysis
  • Learn to utilize economic indicators like NPV, IRR and CPI
  • Improve exploration decisions by improving EV versus probability of success lines
  • Study the economic effect of fiscal terms across the world

Who Should Attend?

  • Geologists
  • Explorationists
  • Geophysicists
  • Engineers
  • Accountants
  • Planners
  • Economists
  • Managers
  • Oil & Gas Staffs
  • Finance executives
  • Consultants

“This is an excellent short course for anyone interested in understanding the basics of petroleum economics. The presenter is highly knowledgeable of the subject and excellent in delivering the content.”

Event Details

5th – 9th July 2021
1 PM – 4 PM SGT
Online Workshop