Petroleum Project Economics and Risk Analysis

Duration:5 DAYS

Petroleum Project Economics and Risk Analysis - MapThis program teaches participants how to analyze, in a practical and realistic manner, the financial performance of oil and gas investments from both project and corporate perspectives. Attendees are asked to build financial models for typical oil and gas projects, calculate the standard measures of project performance (PV, IRR), and incorporate all project risks into the analysis using such processes as tornado diagrams, decision trees, scenario analysis, portfolio analysis, and Monte Carlo simulation. A major part of the learning is achieved through team participation in a challenging business game, in The Republic of Oceana, where each team analyzes a major upstream project and presents their pre-development recommendations and post-development results to the Board.