PETROLEUM ECONOMIC EVALUATION AND PROJECT INVESTMENT DECISION MAKING UNDER UNCERTAINTIES

Course Description: 

This course delves into the intricate art of prudent project decision-making, necessitating a holistic dissection of project elements encompassing costs, benefits, risks, and sundry variables that intertwine with potential outcomes. Disrupting conventional norms, this course reimagines the conventional "levelized cost" paradigm, sculpting an enriched valuation approach that aptly accommodates the intricate tapestry of risks and uncertainties woven into diverse petroleum project investments. Enveloped in a probabilistic valuation model, this course unveils a versatile toolbox catering to petroleum investment assessments. It unfolds an array of objective, systematic, and pragmatic techniques to navigate the labyrinth of decisions shrouded in ambiguity. Real-world scenarios amplify theoretical insights, lending practical resonance to learning. 

Who Should Attend? 

This course is designed for project engineers, geoscientists, reservoir engineers, production engineers, petroleum engineers, planning and development analysts, business planner, senior/ executive managers 

What You Will Gain: 

• Proficiency in wielding advanced evaluation tools and processes to decipher projects and guide investment prioritization endeavors.

• Acquire the prowess to facilitate economic impact assessments for project developers, thus catalyzing their financing procurement journeys.

• Empower diverse investment groups to demystify the economics of nascent assets and unearth the latent value within existing assets.

• Forge a fortified analytical scaffold for investors, fostering a nuanced and probabilistic vantage point to unravel the intricate landscape of upstream petroleum investments.

• Discern the fine art of delineating potential problem or opportunity alternatives.

• Navigating the undercurrents of key decision drivers, orchestrating a symphony of competing alternatives, harmonizing their essence to amplify value within choices.

• Explore methodologies that unravel the confluence of multiple uncertainties, as they weave their influence upon the worth of diverse technological trajectories, operating flexibility, and multifaceted portfolios, each replete with distinct risk-return profiles.

Course Outline: 

• Lay of the Land: Navigating Accounting Fundamentals, Cost Analysis, and Profitability Metrics.

• Scripting the Economic Narrative of Upstream Petroleum Ventures: A Dance with Risk and Fiscal Analysis.

• Envisioning Net Cash Flow: An Intricate Palette of Economic Life and Reserves.

• Deciphering the Dichotomy: Unraveling Cash Flow vs. Profit, Tax Implications, and Fiscal Regimes.

• Echoes of Inflation: Engaging Cash Flow Projections in Real and Nominal Realms, Marrying with Depreciation.

• Crafting a Tapestry of Economic Indicators and Rigorous Evaluations through Deterministic and Probabilistic Lenses.

• The Genesis of Decision Making: Probing Decision Analysis, Investment Dynamics, and Ethos of Investment Proposal Ranking.

• Capital Management Chronicles: A Tale of Policies and Investment Process Praxis.

• A Dance in the Dark: Navigating Decision Making Amidst Uncertainty, Decoding Risks, and Ambiguity.

• Weaving Realism: Bridging Risks and Uncertainties in Economic Evaluation Through Immersive Field Case Studies.