Economic Assessment Techniques used in Oil & Gas Industry 2010

Projects in the oil and gas industry are massive undertakings involving huge capital expenditures and the management of large amounts of resources. Given high contract values, complicated commercial terms, uncertain risk exposure and fast-changing market conditions, ensuring sound investment decisions and asset management has never been more critical.

This four day course will discuss the fundamental risks, uncertainties and issues associated with new investment and management of existing assets within the upstream oil and gas industry. From the commercial fundamentals and market pricing through to economics, probabilistic techniques and portfolio management, this course covers the essential skills required to be truly effective in the upstream oil and gas industry.

Jointly Led by Two Expert Practitioners & Trainers from The Energy Contract Co
- Prof. Yvonne Barton MBE, Senior Associate
- Sharon Sievert, Principal Economist

The course is structured in 15 Modules:
Module 1 Overview and Updates of the Oil and Gas Industry
Module 2 Agreements Governing Oil and Gas Investments
Module 3 Case Study – Production Sharing Contract
Module 4 Global and Corporate Settings
Module 5 Introduction to Economic Analysis and Valuation
Module 6 Data Collection and Assessment
Module 7 Economic Analysis Techniques
Module 8 Application of Economic Investment Principles to Oil and Gas Projects
Module 9 Case Study – Assessment of an Oil and Gas Project
Module 10 Understanding Risk and the Discount Rate
Module 11 Understanding, Assessing and Managing Risk in Projects
Module 12 Case Study – A Working Demonstration of Monte Carlo Modeling
Module 13 Financing Options for Oil and Gas Investments
Module 14 Portfolio Management
Module 15 Case Study – Competitive Bid for an Oil and Gas Opportunity

Throughout the whole course numerous examples of real life projects, case histories and situati