Main MenuMain Menu
Course Code: OGC 3757
3 Course Visits
Basic Petroleum Economics
Course Sector:
Oil, Gas and Chemical
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
5 Days
Riyadh, KSA $4,250
02
5 Days
Abu Dhabi, UAE $4,250
Introduction
Training course introducion / brief
Understanding basic petroleum economics is essential for making informed investment and operational decisions in the oil and gas industry. It helps professionals evaluate project feasibility, forecast financial outcomes, and manage risks. Sound economic analysis ensures better resource allocation, cost control, and profitability. Knowledge of petroleum economics is critical for navigating market fluctuations and supporting strategic planning.
This training program covers fundamental concepts of petroleum economics, including project evaluation, cost analysis, financial forecasting, and risk management. Each day focuses on key aspects, using practical examples and case studies. Participants will learn how to analyze project viability, calculate economic indicators, and assess market conditions. The program also explores best practices for economic decision-making in the oil and gas sector.
Training Course Methodology
This course is designed to be interactive and participatory, and includes various learning tools to enable the participants to function effectively and efficiently. The course will use sessions, exercises, and case applications, and presentation about proven-by-practice methods, new insights and ideas about the topic and its effects in a corporate world.
Course Objectives
At the end of the training course, participants will be able to
- Understand the basics of petroleum economics and its importance in decision-making.
- Learn techniques for economic evaluation of oil and gas projects.
- Gain skills in cost analysis, forecasting, and profitability assessment.
- Identify and manage economic risks in petroleum projects.
- Apply best practices for economic reporting and communication.
Course Audience
Who is this course for, and can benefit the most
coming soon
Course Outline
The course aims and learning outcomes
Introduction to Petroleum Economics
- Understanding the role of economics in the oil and gas industry.
- Basic concepts of supply, demand, and pricing.
- Overview of petroleum market dynamics.
- Importance of economic evaluation in project planning.
- Key economic terms and definitions.
- Introduction to financial indicators in petroleum projects.
- Common challenges in petroleum economic analysis.
Project Evaluation and Economic Indicators
- Understanding capital and operating costs.
- Calculating Net Present Value (NPV) and Internal Rate of Return (IRR).
- Determining payback periods and profitability indexes.
- Evaluating project cash flows and break-even points.
- Sensitivity analysis for project evaluation.
- Using software tools for economic calculations.
Cost Analysis and Forecasting
- Identifying fixed and variable costs in petroleum operations.
- Estimating exploration, development, and production costs.
- Forecasting production volumes and revenues.
- Analyzing cost structures for better decision-making.
- Applying discount rates in financial forecasting.
- Managing cost uncertainties and assumptions.
Risk Analysis in Petroleum Economics
- Identifying economic risks in oil and gas projects.
- Methods for assessing and quantifying risks.
- Conducting scenario and sensitivity analysis.
- Using probabilistic models for risk evaluation.
- Strategies for managing economic risks.
- Analyzing the impact of market fluctuations.
Economic Reporting and Decision-Making
- Preparing economic reports and presentations.
- Communicating economic analysis results to stakeholders.
- Using economic data to support strategic decisions.
- Best practices for presenting complex economic information.
- Addressing challenges in economic reporting.
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.
Since 2001, we have been pioneering the training field in the middle east, we managed to unlock potential and help individuals, teams and organisations to be the best that they can be with our full and integrated solutions.
Quick Links
Our sister companies in Egypt and United Arab Emirates
MOST TRENDING
And Recommended Training Courses
trending
The Risk Management Professional (PMI-RMP Exam Preparation)
Date: Jun 30, 2025
Location:Istanbul, Turkey
trending
Professional in Business Analysis (PMI-PBA Exam Preparation)
Date: May 18, 2025
Location:Jeddah, KSA
trending
The Scheduling Professional (PMI-SP Exam Preparation)
Date: Feb 10, 2025
Location:Dubai, UAE
We believe in progress for everyone.
We helped more than 10.000 clients over 20 countries on 4 continents in boosting their knowledge, skills and careers.
Boost Training And Consulting © All Copyrights Reserved 2025