Oil & Gas Training
and Competency Development
Competency Management system SLB NEXT

Merak Peep Fundamentals and Advanced - (Remote Instructor-Led Series)

An RILS  course which introduces you to the primary functionalities of Merak Peep as economic evaluation software for oil and gas projects.

In this course, you will explore Merak Peep flexibility when working with an economic evaluation project from entering the input parameters into Merak Peep case, adding scenarios and consolidating results, to batch processing multiple cases. Finally, the course uses Merak’s economic engine to generate cash flow.

You will evaluate these inputs in different ways by building many different What-if scenarios and then calculating and comparing results.

This course will teach the fundamental and leading onto advanced Merak functions.

Petroleum Economics Fundamentals

Economic Indicators Definition

Fiscal Regimes

Introduction to Peep: Workspace and Case Creation

Forecasting Production

Entering Prices and Working Interest

Specifying Operating Costs , Capital Expenditure and Taxes

Calculating and Reporting Results Import/ Export

Calculating and Reporting Results Import/ Export

Merak Peep Advance: Customizing Merak Peep User Attributes

Create Filters, Group and User Parameters

Use Scenarios and Scenario Manager to Perform Sensitivity Analysis

Consolidating Cases

Batch Processing Documents

Create Script to Perform Multiple Edits

Results Sets, Searches and Rollup Reports

Merak Peep Reports

Use Scheduler Tool

Supplementary Exercise

Anyone who needs to improve their use of the Merak Peep application beyond the fundamental level or evaluate multiple projects using Merak Peep software.

Merak Fundamentals 

1. Economics analysis workflow & Petroleum economics basic concepts

2. Review essential economic inputs: Production, Price, Ownership,

Provincial Royalties, State Taxes, international tax regimes, operating

costs, capital

3. Set Merak Peep software preferences to customize views and

calculation parameters

4. Create, edit, and copy economics case documents

5. Create filters and user parameters to sort large volumes of data easily

6. Use scenarios and Scenario Manager to perform rapid sensitivity


7. Create consolidations to value workovers and aggregate projects

8. Use batch processes to edit or report multiple cases at once and

calculate price sensitivity

Merak Advance

1. Learn about standard reports

2. Investigate batch rollup reporting

3. Use filters, groups, and hierarchies to sort and organize data

4. Use advance batch functionality to perform mass edits

5. Run scripts to perform multiple edits simultaneously

6. Perform results sets searches and rollup reporting to calculate specific

or aggregate results

7. Complete consolidations for complex royalty and other calculations

8. Use the Scheduler tool to link cases sequentially

9. Learn about Merak Plugins - Peep Data Analyzer, Data Excel Loader and Break Even tool

None, as this combined course will teach you the fundamental through to advance Merak user

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