Petroleum Economics & Investment Decision Making Techniques

Petroleum economics is a critical aspect that govern the success and sustainability of projects in the oil and gas industry. Proper understanding of economics components, rules and methods, decision tools, fiscal system principles and elementsare essential for companies to make informed decisions and optimize their operations..

Petroleum economics and investment decision-making techniques training is expected to provide a foundation and provision as a basis for workers to be able to evaluate and analyze the economics of upstream oil and gas projects independently, including preparing working papers in accordance with best practices.

After completion of this program, participants will be better able to:

• Understanding various economic terms used in the Oil and Gas Industry
• Understanding the concept of economic evaluation of upstream petroleum project
• Calculate the metrics/economic indicators used in decision making and make analysis based on the outcome of the evaluation
• Understand the fiscal system used in the Oil and Gas industry, especially in Indonesia
• Understand the risk and uncertainty evaluation process
• Evaluate and review economics based on a given fiscal model
• Contribute to the decision making process for any upstream project