| Code | Duration | Currency | Fee Per Person |
|---|---|---|---|
| EL-PFE-PEA |
12 Hours
|
USD
|
450
|
This is a self-paced, on-demand e-learning course. Upon enrollment, all course videos and materials will be delivered to your email within 12 hours. A certificate will be issued upon successful completion of the required quizzes and assignments.
Boost your team's skills and your budget! Enjoy group discounts for collaborative learning. Send an inquiry to info@peassociations.com.
Petroleum Economics & Agreements
This self-paced course equips professionals with the knowledge to evaluate petroleum projects, model economic scenarios, and assess agreements critical to exploration and production.
Description
The Petroleum Economics & Agreements course provides a comprehensive foundation in the principles of petroleum economics, from forecasting production and estimating reserves to calculating key financial indicators such as Net Present Value (NPV). Participants will explore how to analyze uncertain parameters like commodity prices, operating costs, and taxation while learning to structure and evaluate exploration and production agreements. Through real-world modules and case studies, the course emphasizes both technical and commercial decision-making skills. On completion, learners will be equipped to perform rigorous project evaluations and contribute effectively to their organizations’ economic strategies.
The oil and gas industry operates in a dynamic environment where technical achievements must align with sound financial decision-making. Petroleum economics is at the heart of investment planning, contract structuring, and risk management. This course bridges the technical and commercial aspects of petroleum projects, giving participants the tools to forecast outcomes, test sensitivities, and evaluate agreements. With a strong emphasis on building economic models, it empowers professionals to translate data into strategic insights—enhancing both career growth and organizational value.
• Understand the role of economics throughout the field lifecycle.
• Develop petroleum project economic models using industry-standard methods.
• Apply evaluation techniques for reserves, production forecasts, and costs.
• Conduct sensitivity analysis to test project robustness under uncertainty.
• Interpret key economic indicators including NPV, IRR, and payback period.
• Assess different types of exploration and production agreements.
• Incorporate fiscal regimes, taxation, and contractual terms into economic models.
• Recognize and manage risk factors within petroleum project evaluations.
• Build in-house expertise to evaluate projects with greater financial accuracy.
• Improve investment strategies with stronger economic analysis.
• Enhance decision-making across exploration, production, and commercial teams.
• Ensure compliance with fiscal and contractual frameworks.
• Support long-term corporate growth through sound project evaluation.
• Gain the ability to independently construct and analyze petroleum economic models.
• Strengthen decision-making skills for investment and project ranking.
• Acquire a solid grasp of sensitivity analysis for risk assessment.
• Enhance career prospects in petroleum economics, planning, and asset management.
• Develop confidence in interpreting financial indicators for project evaluation.
• Reservoir Engineers
• Petroleum Engineers
• Accountants and Financial Analysts in oil & gas
• Business Developers and Project Managers
• Researchers in petroleum economics
• Petroleum industry overview
• Global statistics in e&p sector
• Importance of petroleum economics
• Common evaluation methods
• Analysis components
• Production volumes
• Pricing
• Analysis components (continued):
• Interest
• Opex
• Capex
• Taxes.
• Economic limit
• Inflation& escalation
• Time value
• Economic indicators
• Exercises
• Sensitivity analysis
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.
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