petroleum economics blended learning
Course Description
A two-day blended-learning class that introduces a variety of fundamental petroleum economic principles, including revenue, expenditures, fiscal systems, risk analysis, and investment analysis. It is an excellent introduction to the fundamentals of petroleum economics.
The course content is drawn from the NExT CBT title PEI (Petroleum economics interactive). The blended-learning experience includes questions and answers from PEI, exercises, class discussions, team presentations, and an interactive challenge. The class is delivered according to our open class schedule or on site at your location.
Audience
Anyone requiring an introduction to Petroleum Economics. Appropriate for non-financial professionals of all levels from technicla and non-technicla backgrounds.
Prerequisites
None
Course Schedule
| 1 | BPE1 Cash Flow Basics: Introduction; Prologue; Cash Flow Basics; Revenue; Expenditure; Before Tax Cash Flow; After Tax Cash Flow; Summary BPE2 Revenue: Introduction; Prologue; Estimating Production Volumes; Estimating Production Schedule and Decline; Price, Net Profitability, and Economic Limits; Summary BPE3 Expenditures: Introduction; Prologue; Cost Responsibility; Start-up costs; Operating Costs; Taxes; Summary |
| 2 | BPE4 Fiscal Systems: Introduction; Prologue; Fiscal Systems; Ownership Interests; Types of Contracts; Regressive vs Progressive Fiscal Systems; Summary BPE5 Risk Analysis: Introduction; Prologue; Chance & Petroleum Development; Incorporating Risk & Uncertainty into Economic Evaluations; Summary BPE6 Investment Analysis: Introduction; Prologue; Time Value of Money; Economic Indicators; Opportunity Costs; Summary BPE7 Petroleum Economics Challenge: Course Review; Board Meeting; Test Questions |
Instructors
Dr. Michael Wiggins, Mr. Peadar McKevitt, Dr. Susan Peterson, Dr. James Murtha, Mr. Walter Theokritoff, Mr. Robert Harrison
Instructors may vary based on location and schedule.
Classes
Select date to register or contact us for assistance.
Sep 14 - Sep 15 2010 - 2 Days
Houston, TX, United States - USD 1,500
Instructor(s): Susan Peterson
Course Provider:
NExT