Course ID 0261: Petroleum Economics Dec 1 -5 * Houston

Cost is always a major driver in the choice of projects based on process, technology and investments.  With the current changes in the industry, coupled with price volatility amid stiff competition, companies will continue to seek ways to ensure production at reduced cost, while maintaining quality and efficiency.

 The essence of this course is to give all possible options in handling projects when it comes to technology to be used, equipment, processes and considering other factors within the parameters of cost through economic evaluation, and affording companies the basis of making informed decision.

 

Course Outline:

  • Overview of E & P in oil and gas industry

  • Role of Oil and gas in the global economy

  • Factors affecting the price of oil in the global market

  • Key economic concepts of supply, demand, sunk-in cost, opportunity cost, scarcity, choice, decision making

  • Investments in the oil and gas industry ( upstream, midstream & downstream)

  • International finance

  • Evaluation of investments in the petroleum sectors

  • Processes, Equipment & Vessels used in  oil and gas production

  • Time value of money

  • Undiscounted measures of value, Discounted Measures of value (NPV, IRR, etc.)

  • Interpretation of measures

  • Investment Analysis

  • Time Value of Money

  • Future Values, Present Values, Annuities

  • CAPEX, OPEX, RAMEX, RISEX

  • Economic Modeling of projects based on process, equipment vessels

  • Conventional and Unconventional  (Alternative Methods)

  • Raising Capital for Investments- Debt, Equity, etc.

  • Capital Structures for Oil and Gas Companies

  • Cost of Capital

  • The Weighted Average Cost of Capital  (WACC)

  • Cost of Debt, Short Term-Debt, Cost of Preferred Stock, Cost of Common Stock

  • The CAPM Approach

  • Determining Cost of Capital for Projects

  • Adjusting the Cost of Capital for Risk

  • Risk

  • Project Risk , facilities Risk, Financial Risk, Operational Risk, Legal Risk, geopolitical Risk

  • Government and Economic Divers of Risk

  • Risk Identification, evaluation

  • Risk Transfer, Mitigation

  • Enterprise Risk Management

  • Decision Making

  • Asset Management based on Economic Considerations

  • Case Studies & Reviews

  •  

Who Should Attend

Commercial Managers, Project Managers. Contract Managers, Project Engineers, Finance Managers, Technical and Non Technical Supervisors, Employees that will benefit from this course in carrying out their responsibilities.

 

Course Duration: 5 Days

 

Course Fee: $4,000                                                                       

REGISTER BY  JANUARY 15, 2014 AND GET  10% DISCOUNT!

School of Energy & Corporate Leadership (SECOL) is a global organization  that uses award winning experts in  providing training in the areas of energy, oil, gas, petrochemicals, regulations, law, leadership, organizational development , management, finance and economics. We believe strongly in the philosophy that humans are the greatest assets of any country or organization, and therefore should be nurtured with continuous quality training to enhance productivity, efficiency, effectiveness, reliability and competitiveness. SECOL will continue to create dynamic environment for capacity building, ensuring high performance, strategic agility, and leadership that would help organizations attain their goals and enable nations optimize socio- economic growth.