Petroleum Economics Seminar
Course Level: Intermediate
An intermediate level is most beneficial to an individual with knowledge and experience in the subject. This level would include more in-depth topics and possibly less common situations.
Course Description:
An engineer explains the creation and use of cash flows in the oil business. The course explains both the concepts and the methods for the inputs:
• Engineering the volume forecast
• Predicting future prices
• Calculating netback prices
• Estimating operating and capital costs
And it addresses the use of the cash flows for various strategies and situations
• Determining alue, making an investment decision
• Assessing risk
• Building a strategy and a portfolio
At the end of the day, participants should have a functional understanding of each of the dynamics that affect cash flow and an appreciation for their quantification.