This course is designed for technical personnel who are involved in performing feasibility analysis, investment management, and petroleum project studies.

This course is designed to provide individuals with a thorough understanding of economic evaluation and risk management of petroleum projects. Participants will acquire a practical hands-on approach to modern techniques in petroleum economics and evaluation of projects.

Participants are required to bring their laptop computer with Microsoft Excel to class.

• Time value of money
• Before-tax cash-flow
• After-tax cash flow
• International petroleum economics
• Investment evaluation methods and applications
• Statistics and probability
• Expected value
• Decision trees
• Utility theory
• Monte Carlo simulation