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Upstream Petroleum Economics: Reserves, Risks, Fiscal Regimes & Decision Criteria | 2012 Olympics Petroleum School

Monday, 16 July 2012 at 09:00 - Friday, 20 July 2012 at 17:00 (BST)

Upstream Petroleum Economics: Reserves, Risks, Fiscal...

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Event Details

Oil & Gas Academy 2012 Olympics Petroleum School

The Oil & Gas Academy 2012 Olympics Petroleum School offers delegates a once-in-a-lifetime opportunity to visit the United Kingdom when London will become the first city to officially host the modern Olympic Games three times, having previously done so in 1908 and in 1948.

The Oil & Gas Academy Olympics Petroleum School takes place in the bustling city of Manchester, less than 3 hours away from London by train, offering delegates an opportunity to participate in the nationwide celebrations around the London 2012 Olympics and Paralympics, “the most exciting time in British history”.

Travel connections between London and Manchester offer unrivalled access to a host of Olympic sporting events as the UK welcomes 700,000 Olympic visitors. The Oil & Gas Academy 2012 Olympics Petroleum School programme is conveniently scheduled to provide delegates ample sight-seeing opportunities during this exciting time. We look forward to welcoming you in Manchester.

View other courses taking place in Manchester

Project Management | Artificial Lift Technology & Production Operations | Well Production Optimization | Production Logging Interpretation & Analysis | Upstream Petroleum Economics: Reserves, Risks, Fiscal Regimes & Decision Criteria | Applied Petrophysics | Corporate Leadership and Management Skills | HSE Management in Oil and Gas Operations | Surface Production - Facility Engineering | 4D (Time Lapse) Seismic In Reservoir Management | Seismic Stratigraphy | Production Technology |

 

Upstream Petroleum Economics: Reserves, Risks, Fiscal Regimes & Decision Criteria

Business Context

An economic view of the upstream petroleum business facilitates good understanding of the nature of the oil and gas business within the context of petroleum investments determinants, pricing strategies and the challenges/opportunities in the global E&P industry. This course will expose the participants to the most widely used techniques in economic and profitability analysis for studying the changing economic structure of the global industry, roles of current key players (OPEC, OECD, national governments, multinationals, etc) and how to predict international petroleum supply and price by different institutions.

Who Should Attend

Petroleum professionals

What You Will Learn

Course Content

  • Fundamental economic principles underlying upstream business decisions
  • Elements and determinants of oil and gas investment decisions
  • Worldwide oil and gas fiscal instruments and contract terms
  • Upstream business decision making criteria under risk and uncertainty
  • Petroleum Valuation Theory, Finance & Methods
  • Risk and Uncertainty Management Methods and Simulation Analysis

What You Will Know After Attending

Learning Methods

Course presentation will be in the form of interactive seminar utilizing lectures, commercial software, videos, case studies and syndicate group exercises. At the end of the course the participants will be able to understand

  1. why some economic decision variables e.g. oil and gas prices, reserves, production profiles, taxation and fiscal policies and the environment are important in petroleum E&P decisions,
  2. learn and apply principles of petroleum economics and the commonly used economic decision methods to facilitate the ability of E&P business to generate profit and grow,
  3. understand approaches to quantify uncertainty and risk in petroleum decisions. 

Course Venue

The course takes place at Peter House, the landmark building in the centre of Manchester’s established and vibrant business district, with views overlooking Barbirolli Square and St. Peter’s Square.

The course is delivered in a small, intimate classroom environment ensuring you have one-to-one contact with the course leader.

About the Presenter

Omowumi O. Iledare (Ph.D., B.Sc. Petroleum Eng.; M.S., Energy Resources) is professor of petroleum economics and policy research and the director of the Energy Information and Data Division of the Center for Energy Studies, Louisiana State University and also an adjunct professor of petroleum economics at the University of Ibadan, Institute of Petroleum Studies (IPS) in the University of Port Harcourt, and the African University of Science and Technology (AUST), Abuja, Nigeria.

He is a specialist in global oil and gas industry structure, conduct and performance analysis; oil and gas exploration and production economics and policy research; the environmental effects of oil and gas exploration and production; taxation and regulation of the oil and gas industry; and refinery and petrochemical economics and policy.

About Oil & Gas Academy

Our vision is to make world-class continuing education available to all petroleum professionals at an affordable price.

Our Petroleum Schools held in different parts of the world cover a wide variety of technical and management courses in E&P taught by a truly international faculty consisting of highly qualified and experienced Learning Consultants.

Do you have questions about Upstream Petroleum Economics: Reserves, Risks, Fiscal Regimes & Decision Criteria | 2012 Olympics Petroleum School? Contact the organiser

When & Where


Piccadilly House
49 Piccadilly
M1 2AP Manchester
United Kingdom

Monday, 16 July 2012 at 09:00 - Friday, 20 July 2012 at 17:00 (BST)


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