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Rike Service, Inc. |
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Practical
Economics for Oil & Gas Production
(5 days) For: Engineers, geologists, attorneys, accountants and
managers Do uncertainties in price, success, politics, catastrophes, and technology cloud your economic analysis? This is the answer, taught to hundreds of energy industry professionals involved in the initiation, development, analysis, planning, approval and execution of energy business ventures. You get broad coverage of business and economic analysis, including methods for determination of minimum cost, maximum profit and optimum investment strategies under the risk and uncertainty prevailing in oil and gas exploration and production. You will progress from the elements of money and time, through concepts of probability and decision-making, and then into applications for determination and selection of oil and gas business strategies and tactics. You learn with lots of problem and workshop sessions interspersed throughout the course to insure that each participant has a working knowledge of the material. Students with little previous background, as well as those with job experience in the course topics, have found the course invaluable. A hand-held calculator is a must for this course. Major Topics Covered:
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