Graduate Certificate in Oil and Gas Economics

Course Introduction

Can you predict the oil price today, tomorrow or next year? Uncertainty and riskiness are inherent characteristics in the hydrocarbon industry, thus evaluating and quantifying uncertainties and risks associated with a course of action is critical to succeed in the petroleum business. This is especially vital as oil and gas production is capital-intensive with high operating costs, and the decisions made today last for decades with long-lived assets.

This Graduate Certificate in Economics of Oil and Gas training highlights economic and uncertainty analysis as applied to oil and gas projects to facilitate informed decision-making and foster long-term business resilience for complex systems and projects. Field applications for screening and evaluation of hydrocarbon resources are studied in detail with practical techniques.

This is a high-level training with engineering and project economics principles interwoven in. The training provides an overview of economic concepts and petroleum resources management to leverage complex, sequential decision-making. Training delegates will learn and apply techniques and workflows to solve economic exercises using software-based and manual methods. In addition, delegates will utilize innovative methods to systematically qualify the relative economic merits of investment opportunities, and review a number of analytical, empirical and numerical methods for estimating volumetric performances of petroleum reservoirs.

This graduate certificate training will highlight:

• Decision & Risk Analysis for Oil & Gas
• Economic Concepts in the Petroleum Industry
• Modeling Uncertainty for Hydrocarbon Projects
• Bayesian Thinking and Decision Tree Framework
• Economic Evaluation of Unconventional Resources

Objectives

At the end of this graduate certificate training, you will learn to:

• Facilitate high-quality decisions under uncertainty
• Recognize the sources of uncertainty in the hydrocarbon business
• Apply effective modeling frameworks for quantitive analysis
• Develop data to knowledge to action resiliency
• Compare alternatives from operational performance and economical perspectives

Daily Topics

For registration & more information please contact

NAYEL Training Centre 

T: +971 4 379 7245 | M: +971 50 249 6876 WhatsApp +971 50 249 6876

Email [email protected]