Economics of the Oil and Gas Industry
This course provides and introduction to the economics that drive the oil and gas industry. Participants in this course will learn about the oil and gas value chains and will consider the costs, revenues and risk associated with various stages in the chains. Basic economic principles such as NPV, IRR will be covered.
Who is this for?
This course provides an introduction to the economics of the oil and gas value chains suitable for students who are new to the oil and gas industry. It is also useful for those from a technical background who are looking to learn about commercial and economic aspects of the industry.
What will you learn...
Overview of Oil and Gas Value Chains
- Introduction to the Oil & Gas Value Chains
- Capital and Operating Costs of Major Projects
- Commodity Financing/Project Financing
Project Economics – NPV’s, IRRs and others
- Introduction to NPV, IRR, DCF etc
- Introduction to cash flows
The Midstream Oil and Gas Sector
- Typical Project Costs
- Risks and Rewards
- Typical Contracts and Fiscal Terms – Concessions, PSA’s, SLAs and more.
- Reserves and Reserves Certification
Pricing of Oil and Natural Gas
- Influences on world oil price
- Marker crude oils
- Crude oil characteristics and quality differentials
- Crude oil trading (overview)
Refinery Economics
- Introduction to Refining
- Refining margins and GPW
- Typical Project Costs – review of CAPEX and OPEX for refineries
- Risks and Rewards
The Economics of Gas Monetisation
- Introduction to Gas Monetisation – Pipelines, LNG, Petrochemicals and GTL
- Typical Project Costs – review of CAPEX and OPEX for gas monetisation projects
- Risks and Rewards
Valuation of Oil and Gas Assets
- Valuation methods for oil and gas assets
- Mergers and Acquisitions in the oil and gas industry.
Book You Course Now
Course ID: OG02
Duration: 5 days
Course fee: £3,900.00
Meet your Tutor
Patrick opio
MSc MSc DIC MAPM
Project Managment Proffessional and trainer with nearly 20 years UK and overseas experience in planning and project controls.