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Applied E&P Economics – Commercial Decisions & Fiscal Systems

Applied E&P Economics – Commercial Decisions & Fiscal Systems

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Price:

£3,199 - £3,299

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  • Completion Certificate
  • 24/7 Technical Support

Highlights

  • Delivered In-Person

  • Intermediate level

Description

About this Training Course 

This 5-day course is essential for participants looking to accelerate or enhance their understanding of upstream oil and gas decision analysis, the elements of exploration economics, international E&P agreements and the impact of financial assumptions on the terms in these agreements.

Upstream oil and gas decision making is becoming more critical today, as there is a shift towards more capital-intensive projects and costly resources, with many new oil and gas discoveries in the border line of commerciality. Both the national and international oil & gas companies share a huge responsibility to ensure effective stewardship and market application of oil and gas resources. Clear commercial acumen is crucial as the industry moves toward more complex and sophisticated oil and gas projects in challenging environments (for example; deep-sea exploration, geographically remote fields, smaller discoveries and exploitation of unconventional resources).

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TRAINING OBJECTIVES

On completion of this course, the participants will be able to:

  • Understand the overall profitability indicators used in investment decision-making

  • Explore the different types of oil & gas exploitation agreements

  • Gain full insight into the latest advances in designing fiscal systemsWhat the deal involvesWho gets whatExpectations of the parties involvedThe bottom-line

  • Appreciate significance of various terms used in legal agreements

  • Uncover the legal clauses or pitfalls helpful for negotiations

  • Overcome the challenges involved in designing efficient fiscal systems

  • Gain benefits that are direct, immediate and measurable

TARGET AUDIENCE

This course is designed for middle and senior management from the following functions: finance and fiscal analysis, economics, strategic planning, risk management, regulation, legal and compliance, joint ventures, business development and other oil and gas professionals (new ventures, exploration, field development, facilities planning, internal audit, upstream accounting and reservoir planning).

COURSE LEVEL

  • Intermediate

TRAINER

Your Expert Course Instructor is a globally recognised subject matter expert in petroleum/project economics and international gas market analysis. He is a recipient of the 2021 Society of Petroleum Engineers (SPE) International Management Award, an award that recognises individuals who make significant technical and professional contributions to the petroleum engineering profession and to the worldwide oil and gas industry. He has 40 years of diversified experience in petroleum engineering, reservoir engineering, project economics and decision analysis. He had been involved in evaluating multi-billion-dollar oil and gas field development, NGL, LNG, GTL, Aluminum smelter, refinery, petrochemical, power and production sharing projects. He has worked with major oil companies such as Saudi Aramco, ZADCO, Qatar Petroleum and companies in USA. He is a registered professional Engineer in the state of Colorado, USA.

Your Expert Course Instructor is the author of the following books:

  1. Petroleum Engineering Handbook for the Practicing Engineer, Vol. I and Vol. II, published by PennWell Books, Tulsa, Oklahoma, USA.

  1. Project Economics and Decision Analysis, Vol. I and Vol. II, published by PennWell Books, Tulsa, Oklahoma, USA. These books are used as textbooks in universities worldwide to teach petroleum economics to undergraduates and graduate students.

  1. Tip & Tricks in Excel based Financial Modeling, Vol. 1 & 2, published by Business Expert Press, New York, USA.

He has also authored several papers in the Oil & Gas Journal, The Log Analyst, World Oil, SPE Journals, and Oil & Gas Financial Journal. He has delivered lectures in more than 25 countries around the globe. He has always received excellent feedback, as an expert presenter, from the participants of his courses.

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POST TRAINING COACHING SUPPORT (OPTIONAL)

To further optimise your learning experience from our courses, we also offer individualized “One to One” coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster.
Request for further information about post training coaching support and fees applicable for this.

About The Provider

We are proud to announce that Petroedge and PowerEdge, two leading training companies in the energy industry, is now called EnergyEdg...

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