Fundamentals of Upstream Petroleum Economics and Risk Analysis
This is a practical 4 day course that will cover the fundamental aspects of upstream petroleum economics and risk analysis through a variety of lectures and workshop exercises. The practical application of theory via computer-based workshops allow participants to construct economic models, incorporate relevant cash-flow data and draw conclusions to aid decision-making.
By attending this training course, you will gain the following
Develop knowledge of upstream petroleum economic discounted cash flow evaluation methodologies
Familiarize with key economic metrics used in investment decision making
Understand the geological and engineering inputs to cash flow model
Know how oil & gas pricing and forecasting works
Understand fiscal systems globally
Understand the financial structure and mechanisms of production sharing contracts including the calculation of cost recovery and profit oil splits
Know how to interpret economic results and quantify risks so as to put value to prospects, fields and companies
Learn how to construct production sharing contract and tax and royalty concession spreadsheets
Best practice tips of the evaluation of investment opportunities
Key Topics Covered
Introduction of Upstream Petroleum Economics and Cash flow Analysis
Discounted Cash Flow – in-depth analysis
Capital Budgeting Techniques
Oil & Gas Asset Net Cash Flow – Project Revenue & Cost Components
Oil & Gas Asset Net Cash Flow – Taxation and Government Take Components
Oil & Gas Asset Net Cast Flow Determination
Application of risk in the evaluation of exploration prospects
Advanced Petroleum Economic Techniques
Petroleum Economic Models
Discrete Economic Solutions
Probabilistic Economic Solutions
Continuous Economic Solutions
Exploration Prospect Valuation
Upstream Economics Case Studies
Who Should Attend
The 4-day course is designed for all employees who are involved in the upstream and midstream businesses, petroleum business development, operational managers who deal with petroleum economic aspects in their daily lives as well as government and parastatal officials involved in policy, monitoring and regulation of petroleum enterprises
If you like more information about the training course agenda and the expert trainer details, please email firstname.lastname@example.org
Please indicate subject title as “Fundamentals of Upstream Petroleum Economics and Risk Analysis”
If you work for a company incorporated in Singapore, save 60% of your course registration fees through the PIC scheme! Click here to find out how.
Register by 10 January 2014, Friday and receive up to USD 400 off!
Terms & Conditions Apply
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PIC – 40% cash back when you register for an Equip Global Conference or Training Course
The objectives of the PIC Scheme are the same as those of Equip Global. Both support investment in innovation, productivity and continuous training.
If you are a registered business in Singapore, you can enjoy huge huge tax savings in the form of cash payouts and/or tax deductions when you invest in training of employees. Your attendance at any Equip Global conference or training course is eligible for PIC credits, either as a 40% cash refund or 400% tax deduction. We will provide you with full supporting documentation after the event and assist you in getting the claim completed.
Continuous training and upgrading of your employees is key to the success of your organization. What’s more, boost your tax savings and claim 40% of your registration fee by attending an Equip Global conference or training course today. To do so, follow this simple 5 minute process:
- Select, register and pay for your conference/training course of your choice
- Complete the PIC form which you can download here:
- Attend the event, learn and network with industry peers
- File your receipt (which we will email you), record of attendance (which we will provide you at the event) and the completed PIC form with your accounts department which they will submit to IRAS to process the claim. If you do not have an accounts department or need help with the PIC claim, our staff will be very happy to assist.
Take advantage of the PIC scheme to upgrade your skills, gain the latest information in your field of work, and get access to the knowledge that can help drive your organizations’ performance and productivity.
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