Petroleum Economics With Software Training Course

Introduction

Master the financial analysis of oil and gas projects with our Petroleum Economics with Software Training Course. This program is designed to equip you with the essential skills to perform detailed economic evaluations, using industry-standard software to optimize investment decisions. In today's volatile energy markets, mastering petroleum economics is crucial for organizations seeking to maximize profitability and minimize financial risks. Our petroleum economics training course provides hands-on experience and expert guidance, empowering you to apply advanced economic modeling techniques for real-world applications.

This petroleum economics with software training delves into the core concepts of project valuation, cash flow analysis, and risk assessment, covering topics such as discounted cash flow (DCF), economic indicators, and sensitivity analysis. You'll gain expertise in using industry-leading software to petroleum economics with software, meeting the demands of modern energy environments. Whether you're a petroleum engineer, financial analyst, or project manager, this Petroleum Economics with Software course will empower you to drive strategic financial decisions and optimize project returns.

Target Audience:

• Petroleum Engineers
• Financial Analysts
• Project Managers
• Economists
• Investment Analysts
• Reservoir Engineers
• Business Development Managers

Course Objectives:

• Understand the fundamentals of petroleum economics with software.
• Master discounted cash flow (DCF) analysis for oil and gas projects.
• Utilize industry-standard software for economic modeling.
• Implement sensitivity analysis and risk assessment techniques.
• Design and build robust economic evaluation models.
• Optimize project valuation and investment decision-making.
• Troubleshoot and address common challenges in petroleum economic analysis.
• Implement economic indicators and performance metrics.
• Integrate economic analysis into project lifecycle and development.
• Understand how to manage large-scale petroleum economic evaluations.
• Explore advanced software applications (e.g., AI for forecasting, data visualization tools).
• Apply real world use cases for petroleum economics in various project scenarios.
• Leverage petroleum economics software tools for efficient analysis.

Duration

10 Days

Course content

Module 1: Introduction to Petroleum Economics

• Fundamentals of petroleum economics with software.
• Overview of economic evaluation principles and methodologies.
• Setting up an economic analysis framework using software.
• Introduction to petroleum economics software tools and interfaces.
• Best practices for petroleum economic analysis.

Module 2: Discounted Cash Flow (DCF) Analysis

• Mastering discounted cash flow (DCF) analysis for oil and gas projects.
• Utilizing net present value (NPV) and internal rate of return (IRR).
• Implementing cash flow modeling and forecasting.
• Designing and building DCF models using software.
• Best practices for DCF analysis.

Module 3: Software Applications for Economic Modeling

• Utilizing industry-standard software for economic modeling.
• Implementing software for data input and analysis.
• Utilizing software for scenario planning and reporting.
• Designing and building economic models using software functionalities.
• Best practices for software applications.

Module 4: Sensitivity Analysis and Risk Assessment

• Implementing sensitivity analysis and risk assessment techniques.
• Utilizing Monte Carlo simulation and probabilistic analysis.
• Implementing tornado diagrams and sensitivity charts.
• Designing and building risk assessment models using software.
• Best practices for sensitivity analysis.

Module 5: Economic Evaluation Models

• Designing and build robust economic evaluation models.
• Utilizing software for project valuation and economic indicators.
• Implementing financial modeling and scenario analysis.
• Designing and building economic dashboards and reports.
• Best practices for economic evaluation models.

Module 6: Project Valuation and Investment Decisions

• Optimizing project valuation and investment decision-making.
• Utilizing software for economic optimization and sensitivity analysis.
• Implementing decision tree analysis and risk assessment.
• Designing and building investment decision frameworks.
• Best practices for project valuation.

Module 7: Troubleshooting Economic Analysis

• Troubleshooting and addressing common challenges in petroleum economic analysis.
• Analyzing economic models and valuation results.
• Utilizing software for error checking and validation.
• Resolving common economic modeling errors.
• Best practices for troubleshooting.

Module 8: Economic Indicators and Performance Metrics

• Implementing economic indicators and performance metrics.
• Utilizing profitability indicators and rate of return calculations.
• Implementing cost-benefit analysis and efficiency metrics.
• Designing and building performance dashboards using software.
• Best practices for economic indicators.

Module 9: Integration into Project Lifecycle

• Integrating economic analysis into project lifecycle and development.
• Utilizing economic modeling in project planning and execution.
• Implementing economic controls and reporting.
• Designing and building integrated economic plans.
• Best practices for integration.

Module 10: Large-Scale Economic Evaluations

• Understanding how to manage large-scale petroleum economic evaluations.
• Utilizing software for portfolio management and analysis.
• Implementing economic analysis for multiple projects.
• Designing scalable economic modeling solutions.
• Best practices for evaluation management.

Module 11: Advanced Software Applications

• Exploring advanced software applications (AI for forecasting, data visualization tools).
• Utilizing AI and machine learning for economic forecasting.
• Implementing data visualization tools for economic analysis.
• Designing and building advanced economic systems.
• Optimizing advanced applications for specific use cases.
• Best practices for advanced applications.

Module 12: Real-World Economic Use Cases

• Applying real world use cases for petroleum economics in various project scenarios.
• Utilizing economic analysis for upstream exploration and production.
• Implementing economic analysis for midstream pipeline projects.
• Utilizing economic analysis for downstream refining and petrochemicals.
• Implementing economic analysis for LNG projects.
• Best practices for real-world applications.

Module 13: Petroleum Economics Software Tools Implementation

• Leveraging petroleum economics software tools for efficient analysis.
• Utilizing industry-specific economic modeling software.
• Implementing data management and integration tools.
• Designing and building automated economic workflows.
• Best practices for tool implementation.

Module 14: Monitoring and Metrics

• Implementing economic monitoring and metrics.
• Utilizing financial performance indicators and KPIs.
• Designing and building monitoring systems for economic projects.
• Optimizing monitoring for real-time insights.
• Best practices for monitoring.

Module 15: Future Trends in Petroleum Economics

• Emerging trends in petroleum economics technologies and applications.
• Utilizing advanced analytics and predictive modeling.
• Implementing digital economic platforms and fintech solutions.
• Best practices for future economic management.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 14 working days before commencement of the training.