Oil and Gas Petroleum Economics and Risk Analysis—OGF 8002

11 Mar 24-22 Mar 24 (Dubai, UAE), 01 Jul 24-12 Jul 24 (London, UK), 11 Nov 24-22 Nov 24 (Houston, Texas, USA.),

Course Overview

    Key question in every business centered on cost and returns. This course is designed to bring staff from different departments engaged in the management of a petroleum business to the same page as to the economic feasibility of the exploration and drilling projects, as well as a structured approach to defining and analysing petroleum risks in the upstream business. Expected participants are managers, engineers, explorationists, accounting / commercial officers and other personnel who need to develop or improve their skill and understanding of basic economic analysis and profitability of petroleum exploration and production.


Learning Outcome

    Participants will have better understanding of;

    • How to evaluate the economic viability of a project using the DCF method
    • Petroleum contract and fiscal systems
    • Models to weigh risk and uncertainty
    • Techniques to manage sensitivity and after-tax factors
    • The effects of finance, inflation, tariffs and breakeven price on financial performance
    • The basic principles of gas economics
    • Project evaluation and screening criteria


Indicative Contents

    • Project Economics – The DCF Method
    • Economics – Allowing for inflation and exchange rates
    • Decommissioning
    • Tariffs and breakeven price
    • Petroleum contracts and fiscal systems
    • Decision and uncertainty analysis-technical and commercial uncertainties and management
    • Information management
    • Tools for quantifying risks
    • Gas economics
    • Portfolio Management
    • Economic analysis and indicators
    • E & P economics – The legal approach


More Detail
Duration This is a two-week programme spread over 10 working days.
Certification A certificate of completion is granted on successful completion of the programme.
Location (Dubai, UAE), (London, UK), (Houston, Texas, USA.)
Travel and accommodation Travel and accommodation to be paid for at source by delegates.

London: £6,250.00 (Excl. VAT) per delegate for 2 weeks. Dubai: $8,000.00 (Excl. VAT) per delegate for 2 weeks. Houston: $8,000.00 (Excl. VAT) per delegate for 2 weeks