Overview

Worldwide Petroleum Production Economics (EWP)

About the Course

 Are you familiar with how to make the ideal investments in the corporate and international petroleum production sector? Can you effectively assess investing opportunities? Do you understand what investing criteria actually entail and which criteria to apply for the greatest outcomes? Your capacity to make lucrative decisions will be substantially enhanced by the answers to these questions. With the aid of methods for forecasting cash flow, operational costs, profit, and output, an analyst can assess several options for making decisions and choose the best course of action. Economic analysis is more valuable and of higher quality when it takes into account factors such as cost of capital, financial structure, risk, and uncertainty. research the impact of projects on business earnings. Examine the economic variables that foreign concessions, agreements, joint ventures, and production-sharing arrangements contain. Practice analyzing the financial flow of various contractual agreements. Real-world examples are more valuable when they are discussed with people from a variety of nations. Everyone who registers receives a copy of Economics of Worldwide Petroleum Production, written especially for the PetroSkills courses. Due to the course's similarities in substance to Expanded Basic Petroleum Economics, PetroSkills suggests that participants take it if they have some prior knowledge of the subject.

Target Audience

 Managers, supervisors, and operational staff with some prior expertise in this field and who are concerned with costs, profitability, budgets, the company's bottom line, and other areas of economic analysis of petroleum production on a project, corporate, and global level. PetroSkills advises participants to take this course if they have some prior expertise in this industry because the course content is more advanced than Expanded Basic Petroleum Economics due to the similarities in topic. Take one course or the other, but not both.

Course Objective

Participants will gain knowledge of:

• In economic analyses, use cash flow approaches.
• Identify, assess, and choose investment opportunities.
• Assess risk and uncertainty using models.
• Utilize predictive approaches to assess the decision-making options.
• Analyze how projects will affect the company.

Course Outlines

• Pricing: transportation, natural gas, benchmark crudes, OPEC, spot and futures markets Models are produced at a rapid rate.
• Cash flow: revenue, operating expenses, and spreadsheet exercises
• Economic analysis: decision trees, incremental economics, royalty, sources of capital, sensitivity and risk analysis, sunk costs, and inflation
• Budgeting: Case Studies, Exercises, and Long-Term Planning
• Decision between cash and write-offs: depreciation, depletion, and amortization
• How to interpret an annual report: financial ratios, statements, what is and is not included, and reading between the lines
• Global business operations: concessions, licenses, agreements for production sharing, joint ventures, cost of capital, funding sources, debt, and equity
• Buy/sell evaluations for performance appraisal Computer software for economics
• Guidelines for formatting and adding economic aspects to computer spreadsheet analyses Economic analysis of ethics