COURSE OVERVIEW
TM0055(KJ1) : Petroleum Economics & Risk Analysis

OVERVIEW
COURSE TITLE | : | TM0055(KJ1) : Petroleum Economics & Risk Analysis |
COURSE DATE | : | Sep 22 - Sep 26 2025 |
DURATION | : | 5 Days |
INSTRUCTOR | : | Mr. Eric Matthews |
VENUE | : | London, United Kingdom |
COURSE FEE | : | $ 8800 |
Register For Course Outline |
Course Description
This practical and highly-interactive course includes various practical sessions and exercises. Theory learnt will be applied using “MS-Excel” application.
This course is designed to provide participants with a detailed and up-to-date overview of petroleum economics and risk analysis. It covers the cash flow analysis, energy usage, basic principles of oil and gas economics and economics terms; the cash flow calculation, depreciation methods, loss carry forwards, inflation, nominal and real cash flow and abandonment and sunk costs; and the economic indicators including present value concept, discount factor and net present value and internal rate of return.
During this interactive course, participants will learn the payback period, profit/investment ratio, incremental projects and effect of project delay; the risk and uncertainties, expected value concept, decision tree analysis, farm-out decision, probability analysis, sensitivity analysis, probability distribution and monte carlo simulation; the spreadsheet calculation, simple cash flow using Excel, NPV calculations and application of economic indicators; and the oil field development model including integrated economic model of a typical oil field development and project sensitivity analysis for a selected model.
link to course overview PDF
TRAINING METHODOLOGY
This interactive training course includes the following training methodologies:
LecturesPractical Workshops & Work Presentations
Hands-on Practical Exercises & Case Studies
Simulators (Hardware & Software) & Videos
In an unlikely event, the course instructor may modify the above training methodology for technical reasons.
VIRTUAL TRAINING (IF APPLICABLE)
If this course is delivered online as a Virtual Training, the following limitations will be applicable:
Certificates | : | Only soft copy certificates will be issued |
Training Materials | : | Only soft copy materials will be issued |
Training Methodology | : | 80% theory, 20% practical |
Training Program | : | 4 hours per day, from 09:30 to 13:30 |
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