Reservoir Economics Using Excel
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Reservoir Economics Using Excel
This self-paced course provides hands-on training in reservoir economics, covering essential topics such as cash flow modeling, decline curve analysis, and sensitivity testing. It focuses on building practical Excel tools to evaluate the financial viability of oil and gas projects and make informed development decisions.
Description
Economic evaluation is the cornerstone of all upstream investment decisions. This e-learning program bridges the gap between technical reservoir performance and financial viability, guiding professionals through the creation of robust economic models in MS Excel. Participants will explore critical methodologies including Net Present Value (NPV), Internal Rate of Return (IRR), and production forecasting. The curriculum emphasizes the construction of dynamic spreadsheets to perform decline curve analysis, forecast revenue, and assess project risk, enabling engineers to make data-driven investment choices without relying on "black box" commercial tools. Excel spreadsheets and templates will be provided to facilitate the learning process.
In a volatile market, the ability to accurately assess the economic potential of an asset is as critical as understanding its technical parameters. This course introduces the integrated workflows necessary to build transparent and flexible economic models. By mastering these financial calculations in Excel, learners will gain the skills to evaluate development scenarios, optimize capital allocation, and communicate project value effectively to stakeholders.
Participants will learn to build comprehensive economic models using MS Excel, covering the entire project lifecycle. The course enables learners to perform Decline Curve Analysis (DCA) to forecast production, calculate key economic indicators such as NPV, IRR, and Payback Period, and conduct rigorous sensitivity analysis to quantify risk. Additionally, engineers will acquire the skills to structure cash flow statements, manage economic data, and generate professional visualizations to support investment decisions.
This is a self-paced e-learning program designed to provide a deep understanding of reservoir economics through calculation-based case studies. The methodology focuses on the manual construction of Excel spreadsheets to solve financial problems, providing downloadable templates and exercises that allow professionals to build their own toolkit of economic analysis solutions.
Organizations will benefit from engineering teams that possess a dual competency in technical and economic evaluation. By equipping staff with the ability to build and analyze their own economic models in Excel, companies can ensure more transparent investment reviews, standardize valuation workflows, and foster better collaboration between subsurface and finance departments.
You will gain advanced technical competence in petroleum economics, mastering the ability to translate technical production forecasts into financial metrics. This training enhances your analytical skills in key areas such as cash flow modeling, risk assessment, and decision analysis, empowering you to evaluate assets confidently and contribute directly to your organization's bottom line.
Petroleum Engineers
Reservoir Engineers
Geologists
Geophysicists
Chemical Engineers
Petroleum Engineering Students and Graduates
Module 1: Fundamentals of Reservoir Economics
Module 2: Decline Curve Analysis (DCA)
Module 3: Cash Flow Modeling
Module 4: Economic Indicators & Metrics
Module 5: Risk & Sensitivity Analysis
Module 6: Visualization & Reporting
On successful completion of this training course, PEA Certificate will be awarded to the delegates.
This course has been meticulously developed by a seasoned PEA expert renowned in the oil and gas industry. With extensive hands-on experience and a proven track record in delivering innovative solutions, our trainer brings a wealth of technical expertise, deep industry insight, and a commitment to excellence. Learners can trust that they are gaining knowledge from a leading authority whose dedication to professional development ensures you receive only the highest-quality training to elevate your skills and career prospects.
Frequently Asked Questions
All course bookings made through PEA are strictly non-refundable. By registering for a course, you acknowledge and accept that all fees are payable in full and are not subject to refund under any circumstances, including changes in personal or professional commitments or partial attendance.
PEA reserves the right to make reasonable adjustments to course content, trainers, or schedules where necessary, without entitling delegates to a refund. Comprehensive details of each course — including objectives, target audience, and content — are clearly outlined before enrolment, and it is the responsibility of the delegate to ensure the course's suitability prior to booking.
For any inquiries related to cancellations or bookings, please contact our support team, who will be happy to assist you.
