Integrated Petroleum Economics and Risk Analysis


Management and Information

Description

Petroleum economics plays a vital role in the oil and gas Industry and it lies at the heart of all decision-making. Performing prudent investment evaluation becomes even more critical in the lower crude oil price environment and/or development of marginal field/projects.

Various techniques have evolved over time in determining and calculating economic inputs, evaluating investments, quantifying risk and generating feasible portfolios. This one-day seminar will bridge the gap between theory and practice and show the methodologies used in performing economic evaluations and making decisions on the economic viability of investments.

Petroleum economics brings together information and expertise across the E&P spectrum and a clear understanding of the following is required:

  • Cash-flow analysis and the right assumptions to use
  • Bridging the gap between theory and practice
  • Cost drivers and risk management
  • Profitability indicators and their application in decision-making
  • Accounting for uncertainty in economic evaluation of investments
  • Macro and micro-economic effects on investment analysis

Learning Level

Beginner to Advanced

Seminar Length

1 Day

Why Attend?

By attending this seminar, the participants will be able to assist in making investment decisions, such as deciding:

  • Whether or not to drill an exploration well
  • Whether or not to develop an entire oil and/or gas field
  • On the commerciality of a new discovery
  • On adequate facility and infrastructure requirements, upgrades/replacements
  • On debottlenecking of existing facilities
  • On abandonment of existing field/facilities

Who Should Attend

To ensure a consistent level of understanding and to further enrich the class dialogue across all levels of expertise, this course is recommended for:

  • Engineers, geoscientists, economists, financial analysists, financial modelers, etc.

CEUs

0.8 CEUs (Continuing Education Units) will be awarded for this 1-day course.

Instructor

Anwar M. Beaiji has 15 years of multidisciplinary experience in hydrocarbon resources and reserves evaluation and energy economics and finance. He currently works at the exploration resources assessment department in Saudi Aramco, responsible for assessing, managing, reporting and updating hydrocarbon resources of all Saudi Aramco’s oil and gas fields. He is proficient in economic modelling and performed detailed economic evaluations for various multi-billion USD projects such as monetisation of gas discoveries of upstream joint ventures projects; oil and gas production sharing contracts; rigs economics buy vs. lease, unconventional resources exploration, development, and economics. Anwar also worked with the Kingdom’s strategic projects such as Saudi Aramco IPO, the Kingdom’s gas strategy, and the Accelerated Transformation Program (ATP) team which was an unconventional gas initiative.

Anwar has a broad knowledge and experience in global energy markets and took a summer fellowship position with the Organisation of Petroleum Exporting Countries (OPEC) in Vienna where his research was focused on global crude oil supply and demand. Anwar is currently the president-elect of the American Association of Petroleum Geologists (AAPG) in the Middle East Region.