About this Training Course

This 5 full-day training course looks at the setup of economic analysis cases, including the estimation of recoverable reserves, production profiles, commodity prices, and project costs – CAPEX, OPEX, taxes, royalties, transportation, depreciation, before-tax (BTAX) cash-flow, after-tax (ATAX) cash-flow and international fiscal regimes (production sharing agreement and concessionary system). The course begins from the basic required parameters of inflation, interest and time value of money. These concepts are then transformed into profitability indicators. Last but not the least, the profitability indicators are then used to make investment decisions.

The emphasis of this course is to bridge the gap between theoretical concepts and their practical limitations. The participants will be able to appreciate the amount of information that they never thought of. Another emphasis of this course is also on the use of Excel’s financial functions. This understanding is very critical when it comes to building economic cash-flow models. Over the years, we have seen that participants really struggle with using the Excel functions correctly and this leads to mistakes that can be easily avoided.

In each session, multiple choice problems are provided to participants to reinforce their understanding of the concepts covered in the course. Many quick or tips not widely known, are also shared with the participants. The concepts covered in this course are not restricted to downstream, upstream or petrochemical projects. These concepts can be used to evaluate any type of investment under consideration. Participants will require access to computers/laptops with Excel to solve problems during the course.

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    Learn what past participants have said about EnergyEdge training courses

    This learning programme titled Project Economics, Risk and Decision Analysis for Oil and Gas is a great programme that enabled myself to understand better the dynamics and how to build the financial modelling of an oil and gas project. In addition, this programme is effective in enhancing my knowledge in how to make decisions for any oil and gas project considering both technical and commercial considerations which in the end will surely generate the maximum revenue for any company

    Managing Director, Timor Gap, E.P.

    The Instructor is knowledgeable on the subject and the course content is very informative and beneficial for those working in the oil and gas industry

    Junior Economist, Brunei LNG Sdn Bhd

    Although most of the examples are based on the upstream business, the same can be applied to any other business. The trainer had designed the material to be easily understood even by those with non-financial / economics background. Very pleased with how he was able to cover so many topics so succinctly

    Senior Economics and Planning Analyst, Petroleum Sarawak Berhad

    The trainer is a good instructor; he explained everything clearly and in a way that was easy to understand

    Analyst Budget Management, PT Pertamina

    A majority of the participants mentioned that they will be able to use the knowledge right away in their work

    Managing Director, Foundation for Overseas Resources Development (FORED), Seoul, South Korea

    The course was very well received by a majority of participants and all participants were impressed by the knowledge, experience, time management and course delivery of the trainer

    Managing Director, Emtedad Engineering Company, Iran

    He is an engaging and engaged trainer who brings to life his immense industry experience with examples that participants can relate to

    Director, CWC School for Energy

    The trainer, the Magician! Thank you for an engaging and well taught course

    Reservoir Engineer, Petroleum Authority of Brunei Darussalam

    This a great module for those coming from a non-economic background, because the trainer really helps you to understand on the right ways of how to perform the economic runs step by step & what is the management expectation from that output

    Reservoir Engineer, Petroleum Authority of Brunei Darussalam

    Helpful tool and good presentation material

    SEA HIBISCUS Sdn Bhd

    One of the best course I have attended

    Senior Production Geologist Sarawak Shell Berhad

    This is indeed one of the best training I have attended. The topic covered helps me a lot to understand my work better. The trainer was superb! He's passionate to make us learn and understand. He's also very open to questions and discussions. The material he prepared his wide experience and knowledge in the industry is definitely the highlight of this training!

    Engineer, DIALOG ENERGY

    I have zero background on economics, so some topics were more difficult to grasp and understand especially coming from a geology background where the mindset is not commercially trained. Also, there are alot of formulas which can be hard too. However, the course was overall excellent. The instructor was knowledgable in the topic and was easy to follow and understand. The module exercises were very useful and helped to understand the modules topics better. The course met my expectations where I now am able to better understand the commercial aspects of the business and put the whole picture together coming from an exploration and development side

    Geologist, Petroleum Authority of Brunei Darussalam

    Very experienced trainer and well organized presentation material

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