Basic Petroleum Economics
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Petroleum economics provides the framework for evaluating oil and gas investments, guiding critical decisions in exploration, development, and production. This session introduces the principles of economic analysis, covering project evaluation, cash flow modelling, and key financial indicators. Participants will learn how economic tools support investment planning and risk management in the petroleum sector.
Webinar Objectives
• Understand fundamental concepts of petroleum project evaluation.
• Review key metrics such as NPV, IRR, and payout period.
• Explore how price, cost, and risk impact economic outcomes.
• Apply basic economic tools to support sound investment decisions.
About the Presenter
The presenter is a seasoned professional with expertise in petroleum economics, project evaluation, and investment analysis. Their background spans both technical and commercial domains, enabling participants to link economic principles with real-world decision-making in oil and gas.
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Time : 9 PM Indian Time | Duration : 90 Minutes
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What Can PTA Tell You About Your Reservoir?
Pressure Transient Analysis (PTA) is a powerful tool for reservoir characterization — and it can tell you far more than permeability, reservoir contact, and skin factor. But to unlock its advanced capabilities, the analyst needs a solid grasp of the diagnostic features of pressure and derivative responses: how they relate to flow regimes, and how the static and dynamic features of a reservoir generate those regimes at different stages of depletion. Without that context, history matching pressure responses or fitting straight lines to portions of the data may return parameter estimates while missing the bigger picture entirely.This webinar makes the case for PTA as a reservoir characterization tool, shows its proper and improper use through worked examples, and highlights just how underused it remains in practice.Slides & Material — Copyright: All content in this session is copyrighted by Prof. Erdal Ozkan. Access to the recording and slides is provided exclusively through this platform. Any unauthorized use, reproduction, or distribution outside the portal is strictly prohibited and may result in legal action under applicable laws.Recordings and certificates will be issued within one business day of the event.