Oil and Gas Petroleum Economics (JV and PSC)-OG 8002

15th February - 26th February 2021 (Dubai, UAE) 14th June - 25th June 2021 (London, UK) 22nd November - 3rd December 2021 (Houston, Texas, USA.)

Course Overview

Key question in every business centered on cost and returns. This course is designed to bring staff from different departments engaged in the management of a petroleum business to the same page as to the economic feasibility of the exploration and drilling projects. Expected participants are; Managers, Engineers, Explorationists, Accounting / Commercial Officers and other personnel who need to develop or improve their skill and understanding of basic economic analysis and profitability of petroleum exploration and production.

Learning Outcome

Participants will have better understanding of;

  • How to evaluate the economic viability of a project using the DCF method
  • Petroleum contract and fiscal systems
  • Models to weigh risk and uncertainty
  • Techniques to manage sensitivity and after tax factors
  • The effects of finance, inflation, tariffs and breakeven price on financial performance
  • The basic principles of gas economics
  • Project evaluation and screening criteria

Indicative Contents

  • Project Economics – The DCF Method
  • Economics – Allowing for inflation and exchange rates
  • Decommissioning
  • Tariffs and breakeven price
  • Petroleum contracts and fiscal systems
  • Decision and uncertainty analysis
  • Information management
  • Gas economics
  • Economic analysis and indicators
  • E & P Economics – The legal approach


More Detail
Duration This is a two-week programme spread over 10 working days. working days
Certification A certificate of completion is granted on successful completion of the programme.
Location Dubai-UAE, Houston-Texas-USA., London-UK
Travel and accommodation Travel and accommodation to be paid for at source by delegates
Fees £5,250 (Excl. VAT) per delegate for 2 weeks.
Zenith Professional Training