1. NExT
  2. Business Management
  3. Economics of Petroleum Exploration
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    • Average client rating (based on 61 attendee reviews)

Economics of Petroleum Exploration

Level: Skill | Type: Practical Training with Software | Discipline: Petroleum Economics

Participants will learn how to take hydrocarbon volumes and risks and apply a structured decision analysis process to them.  The portfolio optimization process will also be discussed in order to help participants understand how to select the “best” exploration projects.

The comparison of exploration projects under different fiscal regimes will be presented by incorporating discounted cash flow and net present value.  The basics of decision analysis for exploration will be reviewed using sensitivities, decision trees, expected monetary value, and the value of information. 

This course uses Excel.

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Anyone who needs an understanding of the economics of petroleum exploration.

A basic knowledge of Petroleum Geology and Petroleum Systems

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