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An Introduction to Upstream Petroleum Economics

Euromoney Learning
Course summary
Professional Training
4 days
4,195 GBP excl. VAT
London, Online courses
Course Dates
Online courses
Please inquire for more information

Course description

An Introduction to Upstream Petroleum Economics

To truly understand how projects are valued and investment decisions are made, professionals working in the upstream industry must have detailed and up-to-date knowledge of petroleum economics and risk analysis.

This practical introductory training course is designed to help you understand the theories and methods used to value oil and gas projects and make decisions where conditions are far from certain.

A particularly useful learning experience for those in technical and commercial disciplines, the course will present the fundamental aspects of discounted Cashflow analysis and risk analysis, as well as examining fiscal regimes, cost estimating, production profiles and commodity pricing.

By the end of the course you will have a solid understanding of the issues involved, the ability to build your own economic models, and confidence in interpreting the results of your analysis.

Suitability - Who should attend?

This Introduction to Upstream Petroleum Economics & Risk Analysis course is suitable for professionals looking to develop their understanding of upstream petroleum economics theory and practice, regardless of whether they have a technical or commercial background.


Participants do not need prior knowledge of petroleum economics or the upstream industry to take this course. Some knowledge of Microsoft Excel™ is required. Attendees should bring a laptop loaded with Microsoft Office™ to the course.

Training Course Content

The content of this programme is structured as follows:

  • Introduction
  • Discounted cashflow
  • Capital budgeting techniques
  • Oil & gas asset net cashflow - project components
  • Oil & gas asset net cashflow - economic components
  • Oil & gas asset net cashflow - taxation & government take components
  • Oil & gas asset net cashflow determination
  • Upstream economics workshop: the taxation case study
  • Upstream economics workshop: the PSC case study
  • Advanced petroleum economic techniques
  • Discrete economic solutions
  • Probabilistic economic solutions
  • Continuous economic solutions
  • Exploration prospect valuation workshop

Why choose Euromoney Learning

4.75/5 rating on course check for service

25,000 professionals trained across public courses

99 countries where training is delivered


The cost of this course may vary by location. See above or request information for prices.


Euromoney Financial also delivers in-house training for finance teams and departments, giving companies the opportunity to save up to 50% on training costs.

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About provider

Euromoney Learning

We develop bespoke learning experiences with the perfect blend of technologies and techniques to help you succeed. An organisation’s ability to continuously learn and evolve rapidly is the ultimate competitive advantage. To achieve your strategic goals, it is essential to...

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Contact info

Euromoney Learning

8 Bouverie Street,
EC4Y 8AX, London

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