Expanded Basic Petroleum Economics - BEC

PetroSkills
Training overview
Professional Course
5 days

Course description

Expanded Basic Petroleum Economics - BEC

Could you answer the following three questions for your next project? What will it cost? What is it worth? Will it earn sufficient profit? Before undertaking any project, these questions should be answered. This course will provide the fundamentals necessary to enable you to do so.

Budgeting and financing, accounting, and contractual arrangements, which also significantly impact the economic viability of a project, are covered. Participants practice cash flow techniques for economic evaluations and investigate frequently encountered situations. Participants are invited to submit their own economic problems (in advance), if appropriate. Each participant will receive Economics of Worldwide Petroleum Production, written specifically for PetroSkills courses.

Who should attend?

Managers, engineers, explorationists, field accounting supervisors and other personnel who need to develop or improve their skill and understanding of basic economic analysis and profitability of petroleum exploration and production. Due to similarity in content, PetroSkills recommends that participants take this course if they have no previous experience in this subject. For participants with more exposure to the subject, please review the Economics of Worldwide Petroleum Production description as its course content is more advanced than either Basic Petroleum Economics or Expanded Basic Petroleum Economics. Take one or the other, but not both courses.

About PetroSkills

PetroSkills

PetroSkills - World's No. 1 Training Provider for the Oil & Gas Industry

PetroSkills is the leading professional education provider for the Petroleum Industry, with the largest classroom training portfolio for technical and management operations in this sector. In North America, PetroSkills' programs are delivered at important business hubs for the industry, around...


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Contact info

PetroSkills


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www.petroskills.com


Reviews

Average rating 4

Based on 29 reviews

Measurement Supervisor
(4)
I very much enjoyed the interpretation of results provided. A late example was the selection criteria of IRR might benefit a smaller company with its quicker cash flow while DROI might be used by majors for greater overall value.
Oil and Gas Professional
(4)
The theory and how it was applied to certain exercises plus the full discussion of the solutions. New ideas can be taken back to the office.
Oil and Gas Professional
(4)
The course was well-rounded and highly relevant to the actual running of a business. The course material was up to date and we benefitted greatly from [Instructor's] rich experience.
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