Field Development Economics

Disciplines: Management

Course Description

In this course, participants will learn to construct an economic evaluation of a field development opportunity using common industry indicators. Supported by many practical examples, the course covers both greenfield and brownfield situations. The course is supported by full text, copy of slide presentation, glossary of terms, and bibliography.


  • Data gathering and capturing uncertainty
  • Cash flow analysis
  • Tax and royalty systems
  • Production sharing contracts
  • Development technologies
  • Discounting and assessing the cost of capital
  • Economic indicatiors and project ranking
  • Incorporating uncertainty into economic models and assessing risk
  • Incremental project econmoics

Learning Level


Course Length

1 Day

Why Attend

The information shared in this course will assure your decisions in the field are backed by sound economics.

Who Attends

This course is for engineers, geoscientists and managers who want to use economic methods for making field development decisions. Service company staff will learn to evaluate the economic benefits their products can offer, and investors will be better able to rank their oil or gas opportunities.


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

Additional Resources

This course has a supplemental book located in our SPE Bookstore entitled Introduction to Petroleum Economics. Please check out this valuable resource!

Cancellation Policy

All cancellations must be received no later than 14 days prior to the course start date. Cancellations made after the 14-day window will not be refunded. Refunds will not be given due to no show situations.

Training sessions attached to SPE conferences and workshops follow the cancellation policies stated on the event information page. Please check that page for specific cancellation information.

SPE reserves the right to cancel or re-schedule courses at will. Notification of changes will be made as quickly as possible; please keep this in mind when arranging travel, as SPE is not responsible for any fees charged for cancelling or changing travel arrangements.

We reserve the right to substitute course instructors as necessary.



Mark Cook has worked in the oil and gas industry since 1992, the first eleven years working for Shell International as a reservoir engineer. He then co-founded TRACS International in 1992, setting out to provide training and consultancy to the upstream industry, built that business over time as Director, and now works part-time for the company as Principal Reservoir Engineer, and as an independent consultant with Delta-T Energy Consultancy in Ireland.


Cook’s specialties are reservoir engineering, petroleum economics and risk analysis subjects in which he has developed and delivered training courses to advanced level. He has taught the SPE training course on petroleum economics for more than ten years, and has served as SPE Distinguished Lecturer.  Cook has a BSc degree in chemical engineering from the University of Nottingham and an MBA from Henley Management College. He is author of “Petroleum Economics and Risk Analysis” (Elsevier, Feb 2021).