Exploration Agreements
Typical Host Country Exploration Agreements: Summary of the History and Key Provisions of Host Country Exploration Agreements including Bonus Payments, Royalties, License Fees; Production Sharing Arrangements; Participation Arrangements.

Petroleum Exploration
The Exploration Process: Petroleum Geology, Exploration Geophysics, Well Logging, Developing Exploration Prospects, Preparing and Interpreting Geological Maps; Case Studies.

Drilling, Field Development & Reservoir Management
Drilling of Exploration and Development Wells; Formation Evaluation; Well Completions; Estimating Reserves; Field Development: Inflow Performance; Surface Facilities Design; Reservoir Management; Enhanced Recovery.

Gas Processing and Marketing of LPG’s
Properties of Gas and Gas Liquids; Processing of Associated Gas; Markets for LPG’s; Natural Gas Pipeline Standards; Natural Gas Plants Economics.

Crude Oil and Natural Gas Pipeline Systems
Introduction to Crude Oil Pipelines; Major Considerations in the Design, Construction and Operation of Pipeline Systems; Estimating Project Costs; Pipeline Load Factors; Typical Pipeline Tariff; Examples of Recent Pipeline Construction Costs; New Pipeline Developments.

Measuring Financial Performance
Capital vs. Operating Cost; Depreciation and Depletion; Income Statement; Balance Sheet; Cash Flow Analysis; Taxation and Tax Codes; Preparing Corporate Financials; The Audit; Reading Published Financial Statements; Evaluations and Company Corporate Performance.

Petroleum Industry Accounting & Taxation
Successful Efforts vs. Full-Cost Accounting; Corporate Taxation; Petroleum Taxation; Accounting for Host Government and Joint Venture Agreements; Review of Oil Industry Financial Reports and Performance Indicators Including Supplemental Reserve Estimates.

Energy Project Economics
Economic Yardsticks; Project Cash Flow Before and After Tax; Tax Expenses and Benefits; Net Cash Flow Stream and Payout; Time Value of Money; Opportunity Cost and Present Value of Net Cash Flow; Discounted Cash Flow Analysis and Internal Rate of Return; Risk Assessment and Sensitivity Analysis; Examples of the Economic Analysis of Energy Projects.