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Course Code: OGC 136
367 Course Visits
Risk Analysis, Prospect Evaluation, and Exploration Economics
Course Sector:
Oil, Gas and Chemical
Course Dates and Locations
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Date
Days
Location
Fees
Enrollment
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Introduction
Training course introducion / brief
Introduction to
the oil and Gas Industry ,History of
Energy usage
Course Objectives
At the end of the training course, participants will be able to
- Economic Indicators Definitions
- Present Value Concept
- Discount Factor & Net Present Value
Course Audience
Who is this course for, and can benefit the most
- Process design
- Unit Operator
- Environmental
- Process safety engineer
- Gasoline blender engineer
- Lab supervisor
- Supply chain engineer
- Distillates analyst
- Models engineer
- Chemical Operator
- Chemical Plant Operator
- Chemical Process Technician
- Control Room Supervisor
- Gas Plant Process Operator
- Gas Production Operator
- Gas Terminal Operations and Storage
- Gathering Pipeline engineer
- Oil Terminal / Storage engineer
- Pipeline Maintenance / Equipment / Compliance / Repair
- Pipeline Testing / Technician / Supervisor / Safety
- Plant Equipment Operator
- Plant Operations Technician
- Plant Shutdown
- Plant Supervisor
- Power Distribution
- Power Plant Manager
- Process Supervisor
- Refinery Operations Technician / Manager
- Terminal Operator / Manager
- Utilities Operator
Course Outline
The course aims and learning outcomes
Cash Flow Analysis
- Introduction to the oil and Gas Industry
- History of Energy usage
- Basic Principles of Oil and Gas Economics
- Familiarization with Economic terms
- Setting up Cash Flow Calculation
- Depreciation Methods & Loss Carry Forwards
- Inflation
- Nominal & Real Cash Flow
- Abandonment & Sunk Costs
- Project Financing
Economic Indicators
- Economic Indicators Definitions
- Present Value Concept
- Discount Factor & Net Present Value
- Internal Rate of Return
- Payback Period
- Profit/Investment Ratio
- Incremental Projects
- Effect of Project Delay
Risks and Uncertainties
- Risk & Uncertainty
- Expected Value Concept
- Decision Tree Analysis
- Farm-out Decision
- Probability Analysis
- Sensitivity Analysis
- Probability Distribution
- Monte Carlo Simulation
Setting up Spreadsheet Calculation
- Introduction to Spreadsheet Calculation
- Simple Cash Flow Using Excel
- NPV calculations
- Application of economic indicators
Setting up Oil Field Development Model
- Setting up an Integrated Economic Model of a Typical Oil Field Development
- Case Study – Chevron Texaco Frade Project
- Project Sensitivity Analysis for the selected model
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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