Petroleum Economics and Fiscal Contract Systems in Oil & Gas
There are many subtleties and assumptions that underlie the apparently straight-forward economic calculations that are often seen. Consequently, a fundamental understanding of the concepts behind economic evaluation and of techniques for performing them within a petroleum context, are essential skills. Topics to be included are: oil & gas business context, economic and business concepts, cash-flows and petroleum fiscal regimes, time-value of money, discounted cash flow, net present value and other economic metrics, case study and portfolio management. If time permits, there will be an introduction to real options analysis and its application to valuing flexibility and risk.
The focus of the course is on the factors that drive exploration economics: risk/reward, capital requirements, terminology etc. This provides an excellent basis for understanding the unique aspects of development and production economics.
Both industry and government points of view are addressed. A complete grasp of the subject requires an understanding of the dilemmas and concerns of both sides. However, there is also fertile ground in the philosophy of petroleum taxation. Legal and operational aspects of contract/fiscal terms are also examined to provide a foundation in the dynamics of international negotiations.
Registration and Contact Details
|Date:||July 29 - August 2, 2019|
|Registration fee:||N15,000 (non-refundable)|
|Tuition fee:||N270,000 (Two Hundred and Seventy Thousand Naira Only)|
|For Further Enquiries, Contact: firstname.lastname@example.org, 08090890909, 08085369898, 08085369976, 08086815957|
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