Basic Petroleum Economics
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
Python for PTA: Type curves creation
This webinar equips petroleum engineers with practical Python skills to generate Gringarten type curves for Pressure Transient Analysis (PTA), transforming theoretical reservoir concepts into actionable code. Participants will review the diffusivity equation, explore its analytical solutions, master dimensionless parameters, and implement Python scripts for log-log type curve plotting—essential for estimating permeability, skin factor, and reservoir boundaries from well test data.Ideal for reservoir and production engineers seeking data-driven PTA workflows, the session leverages NumPy, Matplotlib, and hydraulic modeling principles to analyze performance data efficiently. Attendees leave with reusable code templates and real-world applications from field operations.