Rike Service, Inc. 

 Practical Petroleum Training

 
 

 

 

 

  

Evaluation of Exploration & Production Projects

(5 days)

For: Exploration and production professionals responsible for economic success.

Do uncertainties in price, success, politics, catastrophes, and technology cloud your economic analysis of prospects. In this course, 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 learn how to determine and select oil and gas strategies and tactics. You work problems to insure that you have a working knowledge of the material. A hand-held calculator is a must for this course. The 3 broad categories of projects considered include:

Major Topics Covered:

  • Tools for Evaluating

  • Present Values

  • Internal Rate of Return

  • Value to Investment Ratios

  • Risks and Uncertainties

  • Risk and Uncertainty Estimation

  • Useful Tools

  • Future Oil and Gas Prices

  • Nominal and Real Present Values

  • Escalation

  • Checks and Pitfalls

  • Taxes

  • Financing Deals

  • Workshops with Real Projects