The "Economics of Oil and Gas Exploration and Production" course at equips trainees with a thorough understanding of the economic viability associated with oil and gas exploration and production. Participants will acquire essential knowledge regarding financial contracts, evaluation systems for oil projects, and key metrics for measuring project performance. The course also addresses the impact of inflation, tariffs, and various financial factors affecting oil and gas extraction and production.
Course Objectives
By the end of the course, participants will be able to:
This course offers this course to the following categories:
Directors,engineers, commercial and accounting employees and ambitious employees for improving their skills, understand basic economic analyzing and earning of oil exploration and production.
After completing the program, participants will be able to master the following topics:
Know the oil and financial system contracts.
The method of evaluation of economic viability for a project by DCF method.
Measures of evaluating and flirting projects
Identify balancing uncertainties and risks
Master techniques of sensitive management and results of taxes.
Recognize the effect of supply, inflation,tariffs and break even financial performance
Learn basic principles for gas economics.
Course Outline
Economics- DCF method
Economics - inflation and exchange rates
Decommissioning
Neutral costs( breakeven )and tariffs
Oil contracts and financial systems.
Analyzing decisions and complaints
Management information
Gas economics.
Economic analysis and indexes.
Economics of exploration and production -legal curriculum.