Oil and Gas Production Economics

Overview

This Economics of Oil and Gas Production training course highlights economic and uncertainty analysis applied to oil and gas projects to facilitate informed decision-making and foster long-term business resilience for complex systems and projects. Applications for screening and evaluation are studied in detail. Economic analysis is at the heart of decision-making in the oil and gas industry, where investments are capital-intensive and highly sensitive to market volatility. This training provides participants with the principles, tools, and methodologies needed to evaluate oil and gas projects, assess risks, and make informed economic decisions.

Objectives

• Facilitate high-quality decisions under uncertainty

• Recognize the sources of uncertainty in the hydrocarbon business

• Apply effective modeling frameworks for quantitative analysis

• Develop data to knowledge to action resiliency

• Compare alternatives from operational performance and economical perspectives