Petroleum Economics and Risk Analysis (An Application in PSC Gross Split vs Cost Recovery)

Petroleum Economics and Risk Analysis An Application in PSC Gross Split vs Cost Recovery 25 – 27 August 2020 - Online Course outline Current low oil price has made many oil projects were delayed while waiting for the situation strengthen. An analysis on operating and investment costs is therefore very crucial task. Any mistake in Project Development and operation together with weak control in costs will lead a profit reduction or even more a loss for the company. Many people in the petroleum industry are concerned that their organizations may be destroying value by making systematic errors in investment evaluation and decision. Some common problems include: undervaluing long-lived assets and overbuilding production facilities In a challenging petroleum industry, it is very important to identify the uncertain variables and explore ways to minimize the downside risk and to maximize the upside potential. The Advance analysis using probabilistic model and Real Options method is essenti