Petroleum Project Economics and Risk Management
Course Code: PPERMDates: 18 Mar - 22 Mar | 10 Jun - 14 Jun | 12 Aug - 16 Aug | 18 Nov - 22 Nov
Price: £3250 Plus VAT
Duration: 1 Week /s
Course Objectives
The course will enable participants to apply a structured approach to project justification, investment appraisal and decision making in the upstream petroleum business
Who Should Attend?
Those with little or no previous project investment appraisal experience
Prerequisite Course
None
Course Overview
Identifying project cash flows and sources of information
Project payback. Net present value (NPV). Internal rate of return (IRR)
and the cost of Capital. Profitability index (PI). Strengths & limitations
of each method
How to optimise expenditure
Taking account of taxation
Understanding other financial criteria for decision making. Balancing short
term vs. long term business objectives
Decision points for oil fields and gas fields. Risk & probability
definitions and concepts. Risk identification, measurement & management.
Forecasting as risk management. Assumptions, sensitivities & risk
premia
Economic models and spreadsheet design
Development decisions
Work scope definition and options. Decommissioning economics & risks. Cost
estimating and Contingencies. Financing options. Construction contracts
Learning Goal
Upon completion of the course, participants should be able to:
Course Materials
Course notes