Petroleum Economics & Project Evaluation

Petroleum investments require significant capital commitments and are exposed to technical uncertainty, price volatility, cost escalation, fiscal complexity, and long development periods. Effective project evaluation enables organizations to determine whether proposed investments can create sufficient economic value under realistic conditions. This course provides a comprehensive approach to petroleum economics and project appraisal across upstream, midstream, and downstream activities. Participants study cash flows, production forecasts, expenditure profiles, fiscal terms, discounting, profitability indicators, and economic risk. The program explains how financial assumptions and technical variables are integrated into practical project evaluation models. It also highlights the importance of comparing investment alternatives using consistent and transparent decision criteria. Participants explore uncertainty through sensitivity analysis, scenarios, expected values, and risk-adjusted methods. Practical exercises develop the ability to interpret economic results and communicate investment implications to decision-makers. The course ultimately supports disciplined capital allocation, stronger commercial judgment, and improved petroleum investment performance.

Participants will achieve the following objectives by this course:

This program targets a professional audience seeking to improve knowledge and skills:

This professional training program is delivered over five intensive training days and combines economic instruction, financial modeling exercises, petroleum case studies, cash flow analysis, fiscal system comparisons, sensitivity testing, scenario evaluation, portfolio exercises, and investment decision activities to ensure participants can apply the acquired knowledge directly within petroleum project evaluation and capital planning environments.