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Petroleum Economics |
| In Strategic Partnership with Federation of GCC Chambers |
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| Where: |
| Sheraton Hotel, Abu Dhabi, UAE |
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| When: |
| 3-5 May |
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| Duration: |
| 3 Days |
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| Price: |
| US $ 1,900 |
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| Led By: |
| Frank Jahn |
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| Seminar Instructor: |
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Frank Jahn has worked in the oil and gas industry for 25 years, gaining experience with major oil companies, petroleum engineering consultancies, engineering and design houses and as an independent petroleum consultant.
During ten years in Shell International he worked as wellsite petroleum engineer and later as operations and production geologist in Brunei, Thailand, Holland, and the UK, gaining experience in subsurface evaluation, field development planning and the management of producing assets. |
| Frank Jahn |
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| Target Audience: |
| This module is highly relevant for any professional involved in the planning execution or auditing of upstream oil and gas projects. Thus it is recommended for all subsurface, surface and commercial disciplines, irrespective whether participants work in operating, service or investment companies. It is also recommended for government officials and regulatory professionals who wish to get a better understanding of the economic considerations and evaluation process used by oil and gas companies. |
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| Seminar Overview: |
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Learning Objectives
This module explains the specifics of petroleum economics and how they differ from ‘standard’ economic evaluations.
Participants will get a clear understanding of discounted cashflow, project screening and ranking and the profitability indicators used by industry. The relevance and elements of different fiscal environments on project viability will be demonstrated.
Lastly, the impact of technical uncertainties, in particular early reservoir uncertainties, on project profitability and robustness will be investigated and a number of mitigating strategies will be discussed
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| Seminar Outline |
Elements of Petroleum Economics
- Project Cashflow
- Finding, Lifting and Development Costs
Discounted Cashflow Techniques
Profitability and Capital Efficiency Indicators
Expected Monetary Value (EMV)
Value of Information
Decision Trees
Screening and Ranking
Petroleum Fiscal Environments
Technical and Economic Uncertainties
Sensitivity Analysis |
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