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David Wood on why you should study this fantastic programme
Leading petroleum economics training course

Learn the techniques used to assess viability of investments and value oil and gas assets.

The course for you! Study petroleum economics online

Need a detailed knowledge, a through introduction or refresher - the perfect solution to your training needs!

Distance Learning with IBC Academy

The flexible, accessible, cost and time effective global classroom.

Just some of the reasons why it is the best education solution for you.

Petro Economics: In-company training for your business

Distance learning, instructor led workshops, webinars, elearning and blended delivery for corporate groups.

Professional development in petroleum economics by part-time distance learning from IBC Academy - study while you continue to work

Petroleum Economics Course Overview

The A to Z of upstream, midstream and downstream cash flow components, indicators, risk management, decision analysis and valuation in the oil and gas industry

Petroleum economics is one of the most influential players in the world economy, so having a comprehensive understanding of this vital area is key for anyone working within the oil and gas or energy industries. The Fundamentals of Petroleum Economics is the ideal course for both individuals and corporate groups to develop this crucial knowledge.

Download the Fundamentals of Petroleum Economics distance learning course prospectus, including the course syllabus and fees.

Also available for dedicated in-company delivery by distance learning or instructor led workshops

The course modules are packed with examples and the course director is available via our online tutorial forum to discuss the latest events impacting on the subject and answer questions from participants.

Studying this economics training course by distance learning gives you the opportunity to apply knowledge as you gain it, without disruption or time away from your work. You can check your understanding as you go with online assessments at the end of each module.

Continuing Professional Development

During this popular 12 week part-time distance education course you will:

  • Gain a thorough, practical introduction to the techniques used within the petroleum industry to value projects, assets and companies
  • Practice your own valuations or critically review those produced by others
  • Develop your knowledge of general discounted cash flow principles
  • Analyse the more sophisticated simulation and real options approaches
  • Address the issues specific to the oil and gas industry such as fiscal systems, risk analysis and competitive bidding
  • Understand how to answer questions such as “How will it work?”, “What is the cost?” and “What is the return/profit?"

This distance learning programme is ideal for industry professionals, including:

  • Economists
  • Analysts
  • Engineers
  • Geoscientists
  • Asset managers
  • Accountants
  • Negotiators
  • Lawyers
  • Financiers
  • Decision-makers

For more information about who should study this course, click here.


"Excellent, I really benefited from the course. I will certainly introduce to my other colleagues"
Student 2013

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Past students represent some of these companies

  • AET Inc. Limited
  • Agricultural Development Bank
  • AMMCO Consulting
  • Apache Corporation
  • BG Group
  • Centurion LLP
  • Cole Ash and Stone
  • Hides Gas Development Company LTd
  • Jogmec
  • Kontinent LLC
  • Ministry of Finance, Planning and Economic Development
  • Mitra Energy Limited
  • National Petroleum Authority
  • Norwegian University of Science and Technology (NTNU)
  • Premier Oil Indonesia
  • Premier Oil Vietnam Offshore B.V.
  • Schlumberger Venezuela SA
  • Spring Energy Norway AS
  • Uganda National Bureau of Standards
  • Ukudoma Group
  • University of Juba
  • Wood Mackenzie
  • YPF S.A.

The Oil & Gas MBA


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