Petroleum Project Economics & Risk Analysis 2012

Financial considerations for projects and investments are an ever increasing concern. This is especially true as petroleum projects become more complex and costly. The competitive environment is also keen, putting additional pressure on sound financial decision making.

This course will be interactive, and participants from various disciplines will be encouraged to participate openly to share views, ideas and experience in developing decision making. Case study method will be included to stimulate discussions and illustrate concepts of the course.

Course Highlights
• Petroleum Economics and Cash Flow Analysis
• Economic Models & Spreadsheet Design
• Managing Risk, Uncertainty & Decision Analysis
• Financial Modelling and Project Evaluation

Key Learning Outcomes
• Understand various economic terms used in energy sector
• Carry out cash flow analysis and determine economic indicators
• Conduct different economic analyses for petroleum related projects including risk analysis and sensitivity study using spreadsheet
• Develop economic models of various petroleum fiscal regimes
• Understand inflation and risk
• Apply a set of risk assessment tools including sensitivity, scenario, decision tree and Monte Carlo simulation analysis
• Discover typical profitability indicators
• Make the right investment decision
• Prepare convincing project proposals in a way that will win management, partner and government approval
• Develop advanced computer models for the study of oil and gas development projects