The Business of Exploration
- Why companies explore
- The value chain in the E&P industry
- Justification for exploration
- How a company’s vision, mission, and strategy drive exploration
Participants will learn why companies explore and what metrics are used to measure the success of an exploration program. The justification of exploration projects will be discussed. How a company's vision, mission, and strategy drive exploration and other parts of the E&P business will also be presented and discussed.
Impact of Worldwide Fiscal Regimes on Exploration
- Overview of worldwide fiscal regimes
- Impact of fiscal regime on exploration
- Comparing projects under difference fiscal regimes
The main types and elements of fiscal regimes around the world will be presented. Participants will learn to build cash flows for concessionary systems and simple production sharing contracts. Different types of service agreements will be reviewed, then investments under different fiscal regimes will be compared.
- The role of project economics
- Calculating cash flow
- Economic indicators
- Net present value
The participants will receive an overview of petroleum economics, including an introduction to basic cash flow and net present value. A review of time value of money concepts and cash flow basics will also be presented. Common economic indicators and project selection fundamentals will be discussed.
- Sensitivity analysis
- Decision trees
- Expected monetary value
- Value of Information
Participants will gain an overview of important concepts and examples of decision analysis. The uncertainties, risk, and various ways of incorporating them in the oil and gas project evaluations will be discussed. The use of a proven decision analysis process including sensitivities, decision trees, and the value of information in both deterministic and probabilistic approaches to evaluating oil and gas projects will be the key concepts covered.
- Portfolio analysis
- Exploration strategies in portfolio management
- Bringing it all together, from play ranking to EMV
Participants will learn about portfolio level analysis and why it is especially important for companies involved in exploration. Also, portfolio management strategies involving exploration will be discussed. Finally, participants will work a comprehensive problem to determine play ranking in their portfolio.
Anyone who needs an understanding of the economics of petroleum exploration.
A basic knowledge of Petroleum Geology and Petroleum Systems
Bandung is the capital of West Java province in Indonesia. Located 768 m (2,520 ft) above sea level, Bandung has relatively year-around cooler temperature than most other Indonesian cities
Bandung is renowned for its large stock of Dutch colonial architecture; most notably the tropical Art Deco architectural style. The modern and native architectural blending was followed by several Dutch architects that have shaped the city landmarks. In the 1930s, Bandung was known also as the city of architecture laboratory because of many Dutch architects made some experiments with new architectural designs.
Bandung has served for popular weekend-break destination for people living in Jakarta for many reasons. The cooler climate of highland plantation area, the varieties of food, the cheaper fashion shops located in factory outlets and distros, golf courses, and the friendliness of local people have become the main attraction of the city.
Bandung Husein Sastranegara International Airport serves direct flights to Batam, Surabaya, Yogyakarta, Denpasar, Palembang and Padang and also international services from Kuala Lumpur and Singapore Changi Airport. The airport is located nearby the Dirgantara aerospace complex and Dirgantara Fairground.
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- Timezone : GMT+07:00, Bangkok (Bangkok)