Petroleum Economics and Fiscal Systems 2014 is a course that covers topics such as:
- What various economic indicators – like NPV, EMV and IRR - actually mean
- How key project assumptions – production, prices and costs – are modeled in the oil and gas industry
- The vast array of fiscal and contract terms employed by governments around the world for oil and gas projects and trends in the evolution of fiscal terms
- How assets at different stages of their life are valued in investment decisions, including the application of risk analysis to exploration opportunities
- Pros and cons of different fiscal terms from both investor and government perspectives
- Spreadsheet models to understand how different fiscal terms are included in the cash flow analysis and the impact of the terms on project economics
- How the various fiscal systems applied around the world impact upon these values and decisions
- Fiscal terms, based on the knowledge learned, and supported by the spreadsheet models developed, on the course
Petroleum Economics and Fiscal Systems 2014 brings together attendees involved in the oil and gas industries, including:
- Petroleum Economists
- Geoscientists and Engineers and other technical specialists
- Business Development
- Commercial Managers and Contract Managers
- New Venture Managers
- Asset Managers
- Analysts within the financial services sector
- In-house Legal and Private Practical Lawyers
- Auditors
- Finance Personnel
- Directors Functional Specialists
