Oil and Gas Economics 2014

Topics

• The language of project commercial decision making
• The role of project economics in the petroleum industry
• Discounted cash-flow economic evaluations
• Cash flow and profit analysis techniques
• Screening and ranking techniques
• Profitability and capital efficiency indicators including: (– Finding, lifting and development costs, – Net Present Value (NPV) and Internal Rate of Return (IRR) analysis, – Profitability Index, payback time and maximum exposure
• Risk and sensitivity analysis
• Probability, expected monetary value and value of information
• Petroleum fiscal environments
• Additional vs accelerated reserves

Who should Attend

• Project decision making contributors, including: petroleum and chemical engineers, geologists, geophysicists, legal and government
• Any professional involved in the planning, execution or auditing of upstream oil and gas projects
• Finance/accounting staff and commercial personnel desiring a refresher or an opportunity to apply economic and finance tools in project decisions