Rike Service, Inc.  

 Practical Petroleum Training

 
 

 

 

 

 

Maximizing Petroleum Economics

(10 days)

For: Managers, engineers, geologists, attorneys and financial personnel

Can you afford a half-right economic decision? Is cost the only difference between land and offshore projects? Can the uncertainties of today's petroleum industry really be quantified? They can, and you must, if your company is to survive. Learn the elements of risk and uncertainty in both land and offshore operations, and how to properly analyze both. Most importantly, you discover how to reduce the bad economic impact in either venture. You can't eliminate the risk, but you can confidently put it into your decision equation! A hand-held calculator is a must for this course. This course can be taken as two separate one-week modules entitled Practical Economics for Oil & Gas Production and Offshore Development & Economics.

Major Topics Covered:

  • Money and Time

  • Decision Yardsticks & Analysis

  • Risk and Uncertainty

  • Probability Applications

  • Pre-Drilling Phase When Offshore

  • Offshore Drilling and Production

  • Equipment and Facilities