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ECO 703

Economic Evaluation of Oil & Gas Development Projects

COURSE SCHEDULE

Code Date Location price (€)*
ECO 703 19 - 20 Nov 2025 Online 850
ECO 703 3 - 4 Dec 2025 London 1990
ECO 703 9 - 10 Jul 2025 Online 850
ECO 703 16 - 17 Jun 2025 Kuala Lumpur 1990

* Prices are subject to VAT and local terms. Ph.D. students, groups (≥ 3 persons) and early bird registrants (8 weeks in advance) are entitled to a DISCOUNT!

COURSE OVERVIEW

COURSE OUTLINE

2 days
Day 1

o   Introduction

o   Why do we carry out economic evaluation?

o   Different types of projects throughout the life of an oil/gas field

o   Various phases of Exploration-Production

o   Main economic evaluation gates for projects

o   Economic concepts (CAPEX, OPEX, cash flow, NPV, IRR …)

o   Evaluation process

o   Profitability indicators

o   Risks and uncertainty in oil and gas investment

Day 2

o   Introduction to Spreadsheet Calculation

o   Simple Cash Flow using Excel

o   Hands on Exercise on Economic Evaluation

o   Sensitivity Analysis (Spider Plot)

INSTRUCTOR

Dr. Babak Moradi

FAQ

DESIGNED FOR

This course is useful for analysts, engineers, and managers involved in the process of exploration decision making, as well as those interested in oil and gas exploration business.

COURSE LEVEL
  • Intermediate

LEARNING OBJECTIVES

o   Understand various economic terms used in the Oil & Gas industry like time value of money, cash-flow models, CAPEX, OPEX, IRR, NPV

o   Understand how to develop economic models of oil and gas projects

o   Perform cash flow analysis, different economic evaluation for oil and gas development projects and determine economic indicators

o   Analyze the economic results and carry out sensitivity analysis,

REGISTER

Registration is now OPEN!

* Prices are subject to VAT and local terms. Ph.D. students, groups (≥ 3 persons) and early bird registrants (8 weeks in advance) are entitled to a DISCOUNT!

For more details and registration please send email to: register@petro-teach.com

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