Petroleum Project Economics and Risk Analysis
Course Syllabus: Petroleum Project Economics and Risk Analysis Course Overview This course is designed to provide participants with a solid foundation in economic evaluation, cash flow analysis, and risk-based decision-making for oil and gas projects. Participants will learn to develop …
- London
- Dates upon request
- 5 Days
- From 5,770.00 + VAT
Course Syllabus: Petroleum Project Economics and Risk Analysis
| From | wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | Location | Duration | Fee |
|---|---|---|---|---|---|---|---|---|
| 01 March 2026 | 688 | Oxford Executive Institute | 13/02/2026 08:47 AM | Oxford Executive Institute | 13/02/2026 08:47 AM | London | 5-Days | £5,770.00 |
| 08 March 2026 | 689 | Oxford Executive Institute | 13/02/2026 08:47 AM | Oxford Executive Institute | 13/02/2026 08:47 AM | London | 5-Days | £5,770.00 |
| 15 March 2026 | 690 | Oxford Executive Institute | 13/02/2026 08:47 AM | Oxford Executive Institute | 13/02/2026 08:47 AM | London | 5-Days | £5,770.00 |
| 22 March 2026 | 691 | Oxford Executive Institute | 13/02/2026 08:47 AM | Oxford Executive Institute | 13/02/2026 08:47 AM | London | 5-Days | £5,770.00 |
| 29 March 2026 | 692 | Oxford Executive Institute | 13/02/2026 08:47 AM | Oxford Executive Institute | 13/02/2026 08:47 AM | London | 5-Days | £5,770.00 |
Course Overview
This course is designed to provide participants with a solid foundation in economic evaluation, cash flow analysis, and risk-based decision-making for oil and gas projects. Participants will learn to develop and interpret economic models of petroleum fiscal regimes, assess the profitability of upstream investments, and apply risk and sensitivity analysis to support informed decision-making.
Through hands-on exercises and real-world case scenarios, this program equips professionals with the tools to evaluate project viability, optimize investment returns, and navigate the uncertainty inherent in oil and gas development.
Learning Objectives
By the end of the course, participants will be able to:
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Understand and apply key economic concepts and terminology specific to the oil and gas sector
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Build and interpret economic models under various petroleum fiscal regimes
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Perform detailed cash flow analysis and calculate key economic indicators (NPV, IRR, Payback Period, etc.)
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Quantify and evaluate project risks and uncertainties using proven analytical methods
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Apply sensitivity analysis and Monte Carlo simulation to assess project robustness
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Utilize Excel spreadsheets to model petroleum projects and conduct scenario-based evaluations
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Support strategic investment decisions with a structured economic and risk assessment framework
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Contribute to comprehensive economic evaluations of oil field development projects
Program Outline
1. Cash Flow Analysis
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Introduction to key economic terms in oil & gas
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Setting up detailed project cash flows
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Depreciation methods and tax treatments
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Inflation adjustments: real vs. nominal cash flow
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Sunk costs and their treatment
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Project financing principles and impacts
2. Economic Indicators and Investment Evaluation
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Present Value and Discounting Fundamentals
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Net Present Value (NPV) and Internal Rate of Return (IRR)
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Payback Period and Profit/Investment Ratio
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Evaluating delayed projects and incremental project analysis
3. Risk and Uncertainty Assessment
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Distinguishing risk vs. uncertainty
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Expected value and probability analysis
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Decision tree and farm-out decision modeling
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Sensitivity analysis techniques
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Probability distributions in economic forecasting
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Monte Carlo simulation for risk quantification
4. Spreadsheet-Based Economic Modeling
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Introduction to spreadsheet modeling for economic evaluations
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Building simple cash flow models in Excel
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Automating NPV, IRR, and payback calculations
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Integrating risk and sensitivity analysis into Excel models
5. Field Development Economic Modeling (Group Exercise)
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Team-based setup of an integrated economic model for a typical oil field
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Sensitivity analysis of model parameters (oil price, CAPEX, OPEX, production profiles, etc.)
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Introduction and hands-on use of the Russell Field Model
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Final model review, results interpretation, and discussion
Who Should Attend
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Petroleum economists and financial analysts
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Reservoir and project engineers
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Business development and planning professionals
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Government and regulatory personnel involved in upstream project approvals
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Anyone involved in project evaluation, investment planning, or economic risk analysis in oil & gas
Course Format
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Instructor-led lectures and interactive discussions
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Excel-based exercises and simulations
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Group modeling projects and case studies
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Practical templates for post-course application
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Certificate awarded upon successful completion
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George Alonso
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