Economic Evaluation and Investment Decision Methods in Oil & Gas Exploration & Production
Synthesis
This course focuses on the application of decision theory to the quantitative analysis of strategic decision problems. Examples will include Exploration block evaluation, producing asset evaluation and major capital investment decisions.This course introduces students to the concepts of time value of money, rate of return, net present value, ratios, discount rates, sensitivity analysis, breakeven concepts, real options and decision trees for a robust evaluation of any E&P project economics.
Language
English
Audience type
Last year for Undergraduates, Graduates and MBA level students
Planned duration
5 days – 2 hours lecture per day – 1h problem sets
Support material
Slides and notes
Prerequisite
Last year for Undergraduates, Graduates and MBA level students
Objectives
Knowledge about economics and business is very important for the engineers and future managers. Most of them will be managing and making decisions about projects and budgets. It is important to know about markets, decision-making, business principles and optimization – all topics that we cover in Economic Evaluation and Investment Decision Method.
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