Petroleum Economics

Understand economic principles, project evaluation, and investment decision-making in the oil and gas industry for profitable field development.

2 Months

NGN 600000.00

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About this course

This course introduces the economic tools and methods used to evaluate oil and gas projects. It covers key financial concepts such as cash flow analysis, risk assessment, economic indicators, fiscal regimes, and investment decision-making under uncertainty. Students will learn how to assess project viability, allocate resources, and optimize returns. Practical exercises and real-world scenarios prepare participants for strategic roles in petroleum asset evaluation and portfolio management.

What you will learn

Understand the fundamentals of petroleum economics
Analyze oil and gas cash flows and cost structures
Evaluate economic indicators like NPV, IRR, and payback
Assess risk and uncertainty in project evaluation
Interpret petroleum fiscal regimes and contracts
Perform sensitivity and scenario analysis
Make informed investment and development decisions
Apply economic models to field development planning
Understand pricing, market trends, and economic drivers
Develop strategic thinking for petroleum asset management

Course outlines

Introduction to Petroleum Economics
Time Value of Money and Economic Indicators
Cash Flow Analysis and Forecasting
Cost Estimation and Capital Budgeting
Risk and Uncertainty in Project Evaluation
Fiscal Regimes and Contract Types
Sensitivity and Scenario Analysis
Oil and Gas Pricing and Market Dynamics
Economic Evaluation of Field Development Plans
Decision Analysis and Investment Strategies
Portfolio and Asset Management in E&P
Case Studies in Petroleum Project Economics

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