OGT14 · One Week
Petroleum Project Economics and Risk Analysis
Learn petroleum project economics and risk analysis. Join this course to acquire skills in evaluating project feasibility and assessing associated risks. LBTA Training offers Petroleum Project Economics and Risk Analysis Course in Oil and Gas Training Courses.
- Course Schedule
- Courses Syllabus
- Available Cities
| Venue ⇅ | Start Date ⇅ | End Date ⇅ | Net Fees ⇅ | Details & Registration |
|---|---|---|---|---|
| London, United Kingdom | 02 - Nov - 2026 | 06 - Nov - 2026 | 5,950 GBP | PDF Register |
| Madrid, Spain | 02 - Nov - 2026 | 06 - Nov - 2026 | 7,500 GBP | PDF Register |
| Munich, Germany | 02 - Nov - 2026 | 06 - Nov - 2026 | 8,900 GBP | PDF Register |
| Berlin, Germany | 02 - Nov - 2026 | 06 - Nov - 2026 | 8,300 GBP | PDF Register |
| New York, United States | 02 - Nov - 2026 | 06 - Nov - 2026 | 12,750 GBP | PDF Register |
| Amsterdam, Netherlands | 02 - Nov - 2026 | 06 - Nov - 2026 | 9,100 GBP | PDF Register |
| Milan, Italy | 02 - Nov - 2026 | 06 - Nov - 2026 | 7,500 GBP | PDF Register |
| Dubai, United Arab Emirates | 02 - Nov - 2026 | 06 - Nov - 2026 | 5,723 GBP | PDF Register |
| Paris, France | 02 - Nov - 2026 | 06 - Nov - 2026 | 7,900 GBP | PDF Register |
| Hong Kong | 02 - Nov - 2026 | 06 - Nov - 2026 | 9,100 GBP | PDF Register |
| Tokyo, Japan | 02 - Nov - 2026 | 06 - Nov - 2026 | 11,500 GBP | PDF Register |
| Kuala Lumpur, Malaysia | 02 - Nov - 2026 | 06 - Nov - 2026 | 5,300 GBP | PDF Register |
| Rome, Italy | 02 - Nov - 2026 | 06 - Nov - 2026 | 7,900 GBP | PDF Register |
| Barcelona, Spain | 02 - Nov - 2026 | 06 - Nov - 2026 | 8,300 GBP | PDF Register |
| Zurich, Switzerland | 02 - Nov - 2026 | 06 - Nov - 2026 | 8,700 GBP | PDF Register |
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Courses Syllabus
Objectives
- 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, different economic analyses for petroleum related project and determine economic indicators.
- 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.
- Contribute to the petroleum project investment within a solid economic system and do a detailed economic evaluation.
- Contribute to the decision making process for any petroleum related project.
Programme Outline
Cash Flow Analysis
- Familiarization with Economic terms
- Setting up Cash Flow Calculation
- Depreciation Methods
- Loss Carry Forwards
- Inflation
- Nominal & Real Cash Flow
- Sunk Costs
- Project Financing
Economic Indicators
- Economic Indicators Definitions
- Present Value Concept
- Discount Factor
- Net Present Value
- Internal Rate of Return
- Effect of Project Delay
- Payback Period
- Profit/Investment Ratio
- Incremental Projects
Risks and Uncertainties
- Risk & Uncertainty
- Expected Value Concept
- Decision Tree Analysis
- Farm-out Decision
- Probability Analysis
- Sensitivity Analysis
- Probability Distribution
- Monte Carlo Simulation
Setting up Spreadsheet Calculation
- Introduction to Spreadsheet Calculation
- Simple Cash Flow Using Excel
- NPV calculations
- Application of economic indicators
Setting up Oil Field Development Model
- Group activities
- Setting up an Integrated Economic Model of a Typical Oil Field Development
- Project Sensitivity Analysis for the selected model
- Introduction to Russell field model
- Final remarks
