TRAINING INTEGRATED PETROLEUM ECONOMIC & RISK ANALYSIS

COURSE DESCRIPTION

The course participants will have a thorough background understanding of the general concepts, procedure and terminology of petroleum economics and profitability analysis of Oil and Gas Projects. In particular it emphasizes the peculiarity and fiscal arrangements of the petroleum industry. It also provides decision maker, manager, engineer and analysts with a quantitative consideration of risk and uncertainty, and how these factors can be used in formulating investment strategies in the petroleum industry. It introduces comprehensive ways to evaluate and compare risks associated with different investment choices. It also reviews the various contractual and fiscal terms prevalent in the petroleum industry, and how the various arrangements affect investment profitability.

OUTLINE COURSE

• OVERVIEW
  • Indonesia Upstream Oil And Gas Business Process
  • Upstream Oil And Gas Activity Phase
• PRINCIPLE OF PETROLEUM  ECONOMIC CALCULATION
  • Oil and Gas Production Profile Which Will Be Produced
    • HC Inplace
    • Reserve and Recovery Factor
    • Production Forecasting/Lifting
  • Costs That Have Or Will Be Issued
    • Exploration Cost
    • Exploitation Cost
    • General Administration Cost
  • Oil and Gas Prices Per Unit Volume
    • Indonesia Crude Price (ICP)
    • Gas Price
    • Revenue Sharing Mechanisms
      • PSC Cost Recovery
      • PSC Gross Split

• PETROLEUM  ECONOMIC ANALYSIS

  • Cash Flow Analysis
  • NPV Analysis
  • IRR Analysis
  • MARR
  • POT
  • Incremental Analysis
  • Comparing Economic Indicator

• RISK ANALYSIS

  • Oil and Gas Upstream Business Risk
  • Risk & Uncertainty
  • Expected Value Concept
  • Decision Tree Analysis
  • Farm-out Decision
  • Probability Analysis
  • Sensitivity Analysis
  • Spider and Tornado Diagrams

• Petroleum Economists & Risk Analysts
• Asset Managers & Business Development Manager
• Reservoir & Exploration Engineers
• Corporate Planners & Commercial Analysts
• Finance Managers & Investment Bankers