This introduction to petroleum economics is an engaging and highly motivating course that allows participants to grasp the fundamentals of how an upstream organisation works in financial terms and what is needed to become a successful enterprise.
Course Level: Basic Instructor: Bernhard Schmidt or Siegfried Gugu
Designed for you, if you are...
A professional working in the oil & gas industry with an interest in business and economic affairs but with limited experience of financial matters
An engineer involved in project evaluations
Working in the finance department with limited exposure to petroleum economics
How we build your confidence
You will be guided through the basics of financial statements, the 'story behind the numbers', key performance measures and their linkage to corporate strategy, financial valuation techniques (free cash flow analysis, NPV) and eventually financial success. Concepts such as discounting cash flows, NPV, cost of capital and decision trees will be discussed in a very practical and refreshing way that allows the participants to take away some 'lessons for life' in terms of understanding the fundamental economic principles.
"Tutor has extensive industry experience, real life examples" - Petrophysicist at E.ON E&P Norge "The course is very comprehensive in regard to financial information and project managing." - S&L Manager at NIS Petrol