Course description
Oil and Gas Pricing
This skill module demystifies oil and gas pricing. Is that possible? The answer is yes, and this skill module clarifies the factors contributing to how oil and gas pricing is determined. The tools and methods in common use for managing oil and gas pricing are described and participants will practice developing and applying pricing models. These models will contribute to the basis for an economic analysis and understanding of projects as companies make decisions in the real world.
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.
Training content
Participants will learn how to:
- Calculate crude prices taking into account API gravity and sulfur content
- Apply quality bank methods to forecast relative prices
- Inflate prices over the life of a project
- Apply marker crude methodology to forecast oil prices
About PetroSkills
PetroSkills
PetroSkills is the world leader in training and knowledge transfer in the oil and gas industry. For over 60 years, we have provided the highest quality classroom, virtual, online, simulator training, and e-Learning; all of which is directed and vetted...
