Module 1 discusses cash flow basics, including revenue and expenditures. Before tax and after tax cash flow are then calculated.
Module 2 presents revenue, including production volume, scheduling and decline. Product prices, net profitability and economic limits are presented.
Module 3 discusses expenditures, including capital and operating expenses. The usual taxes that must be paid by oil and gas producers are described.
Module 4 presents an overview of fiscal systems, including the different types of contracts.
Module 5 discusses incorporating risk and uncertainty into economic evaluations.
Module 6 presents investment analysis, including the time value of money, economic indicators and opportunity costs.
Module 7 is the economics challenge, including the simulated board meeting and project selection.
Engineering technician, production and drilling personnel, new hires and supervisors with no prior economics experience.
There are no prerequisites for this module