This introduction outlines the key terminologies and reviews the generic issues of micro-economic analysis applicable to all sectors of the oil and gas supply chain.
In order to value upstream oil and gas assets and make decisions on upstream investments it is necessary to integrate economic, technical and fiscal analysis. This module provides delegates with the information necessary to understand such integrated analysis.
Midstream (transportation and storage) and downstream petroleum project economics require different approaches to the upstream sector. Tariffs, margins, long-term contracts and market demand forecasts often determine the economic viability in these sectors.
Investments in the petroleum industry are subject to a wide range of uncertainties. This module explains how cash flow analysis can be adjusted for risk and uncertainty.
Techniques that recognize that many potential economic outcomes are possible for each asset depending upon technical, commercial and fiscal uncertainties are widely used in the petroleum industry. This module describes the most common techniques.
This module examines how oil and gas assets are valued bringing together the techniques described in previous modules.
Qualification: IBC Academy Professional Development Certificate
Start date: 9th March 2016
Delivery: Part-time Tutored Distance Learning
Duration: 12 weeks
Fees: £1599 / US$2240 - £1749 / US$2450 + VAT if applicable. Take a closer look at fees
CPD/CEUs: 21 hours / 2.1 CEUs
This is an excellent course for anyone that wishes to understand economics in the Petroleum Industry. The course is filled with examples that are easy to understand, references for further reading and the examples are current and relevant in whichever country you work"
Dr. David Wood has more than thirty years of international oil and gas experience spanning technical and commercial exploration and production operations, midstream and downstream projects, contract evaluation and senior corporate management.
His early experience includes Phillips Petroleum, Amoco (Africa, Europe and UK), Lundin Oil (South America, Africa, Middle and Far East) and several smaller international companies.
The programme is designed for a wide range of professional skill sets, including: economists, analysts, engineers, geoscientists, asset managers, accountants, negotiators, lawyers, financiers and decision-makers.
While some previous knowledge of the petroleum industry would be beneficial, it is by no means essential as the material is designed for a multi-disciplined audience, and each topic builds from a basic introduction assuming little or no prior knowledge.
We welcome companies placing individual students or groups on any of our publicly advertised distance learning courses, or for larger corporate groups we will deliver to your individual requirements, including instructor lead training, blended delivery solutions, customised assessments, flexible time-scales and dedicated support for learning and development managers.
The knowledge I have gained from this course will help to conduct a better analysis of the oil sector, as well as maximise the economic benefits from Oil"
Do not delay your application – you may qualify for an early enrolment discount, and some courses have a maximum number of participants. Our online application form securely accepts payment by credit card in either £, $ or €, or we will invoice you or your employer for payment by bank transfer.