Petroleum Economics

The course is suitable for

Oil Company Personnel, Analysts, Management Accountants, Engineers, Marketers and operators

Learning Outcome

Upon completion of the course, delegates should be able to:

• Formulate timely and effective responses to these industry challenges
• Address the question of what it means to operate an oil company
• Prepare yourself for advancement to a broader, more senior role in your company
• Search for understanding and common ground between government, oil firm and operating companies.

Day 1

• Session 1: Introduction to petroleum Economics
• Session 2: Accounting for petroleum contracts and Agreements
• Session 3: Benchmarking
• Session 4: Primary supply Mechanisms & Logistics, pipeline, ship, rail or road

Day 2

• Session 1: Upstream Fiscal Terms-Contractual and project finance
• Session 2: Timing, Cost and Efficiency
• Session 3: Refinery economics and Operations

Day 3

• Session 1: Retail and Supply chain
• Session 2: Risk management - Price exposure and Trading Instruments
• Session 3: Investment profitability studies in the petroleum industry
• Session 4: Financial performance management in the oil industry

Day 4

• Session 1: Renewable and alternative energy
• Session 2: Accounting and reporting requirements for Oil and Gas industry