Economic Fundamentals of the Petroleum Industry - PEICE

Venue: London

Location: London, United Kingdom

Event Date/Time: Nov 08, 2011 End Date/Time: Nov 11, 2011
Registration Date: Nov 08, 2011
Early Registration Date: Nov 08, 2011
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Description

Course Information:



Overview

This 4-day course offers an opportunity for petroleum industry employees and its related governmental, financial, legal and services industries to gain an understanding of the unique economic principles that drive the "oil business" to success in the 21st century. The course begins with presentation of basic economic theory and develops the application of these to financing, finding, development, transportation and marketing of energy resources. The impact of these applications on the success and failure of the firm is then considered. The sessions will always use examples with real and experience situations and will further, whenever possible, use the case method of instruction allowing all to participate in group discussion and learning. Participants are required to bring a laptop, loaded with Microsoft Excel, to the course.



A complete set of course materials and lunches are included.



Outline

Basic Economic Concepts in the Petroleum Industry

Cash Flow and Profit Analysis Techniques

Perform Basic Economic and Financial Calculations

Marginal and Total Cost Analysis

World Energy Economics

Competing Fuel Analysis

Theory of the Firm in the Petroleum Sector

Depreciation and Cost Resource Pools

Company Financing

Joint Ventures

Sunk Cost Analysis

Fixed and Variable Costs

Principles of Discounting

Cost of Capital

Portfolio Management in the Petroleum Industry



Instructor(s): Gerald Henderson

Gerald Henderson earned a B. S. and M. S. degree in Petroleum Engineering and has over 30 years experience as reservoir engineer, investor, producing property and facility owner, operator and CEO and founder of independent oil and gas companies. He worked extensively in development of producing property appraisal software and analysis methods, technology to apply statistical analysis of exploration and well log data and published extensively in reservoir simulation development. Gerald has also acted as energy advisor to private banking and insurance investment companies.

Venue

Additional Information

Delivery Method: Classroom Training
Fee: $ 3995 USD
Location London
CEU: 3.2 Continuing Education Units
PDH: 32 Professional Development Hours
Certificate: Course Attendance Certificate Issued Upon Completion

Sessions: Date Start Time - End Time
1. Tuesday, November 08, 2011 8:30 AM - 4:30 PM
2. Wednesday, November 09, 2011 8:30 AM - 4:30 PM
3. Thursday, November 10, 2011 8:30 AM - 4:30 PM
4. Friday, November 11, 2011 8:30 AM - 4:30 PM

Types