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. Economic evaluation software built from the ground up as a single solution to fully manage prms as well as budgeting, capital management and multiple alternative scenarios and. Microeconomics course, where you will gain a really strong and broad understanding of fundamental economics principles and processes. Our programs are tailored to fit client specifications and match the geophysical experience of participants. Optimize every element of your prospecting operations worldwide using our advanced oil and gas exploration softwarea suite of comprehensive digital solutions for each stage of a petroleum systems approach to discovering hydrocarbons. With aucerna, companies can perform reliable and repeatable analysis based on your proprietary models or aucerna regimes, aucernas world class, global fiscal regime library. Our public courses are available in different locations around the world, providing maximum accessibility and convenience to our clients. Its the only software that can be used out of the box. Filter by popular features, pricing options, number of users and more. L337tech llc also offers paid training for quickdecline. Find and compare the top oil and gas software on capterra. First, the course gives an introduction on various definitions and tasks used in petroleum economics including the definition of a project, feasibility study, types of projects, how to perform a feasibility study. The economics of oil and gas projects are affected by a variety of factors, including the location of the oil or gas field, the type and number of wells, market conditions and the fiscal regime i. Online training, online courses, webbased learning management.
The complete twitch streaming course 4 courses in 1. Oil production economics trading pricing specifications logistics petroleum refining and petrochemicals 3. Phdwin economics and reserves software by trc consultants. Phdwin is by far the easiest software for my team to learn. Economics is the primary link between basics of petroleum. Any good free online resources for learning petroleum. List of petroleum engineering software currently, a number of softwareareavailable in reservoir simulation laboratory for academic purposes. Economics of petroleum exploration involves the application of economic analyses in the development of oil and gas exploration and production. How to start, what to consider, where to go to get the appropriate. Kaiser i liked every section of this course taught by mark kaiser. Petroleum economics training discipline specific training. Free online economics certification courses alison. Some of our courses lead to certifications, validating competencies needed in jobs, such as economist, financial analyst, jurist or auditor. Upstream is a term used in the oil industry which refers to the searching for, the recovery and production of crude oil and natural gas.
Introduction to petroleum business training course. Training course for learning the basics of petroleum economics project selection. Nash, phdaapg director of education and professional development, tulsa, ok bryan flynngeophysicisthgs continuing education committee, houston thom tucker, cpghgs continuing education committee, houston imagine a geologist, an engineer, and a landman sitting at their local. All learning activities are selfpaced and can be completed at any time. This web based course provides an overview on the functionality of the powertools application. Basic of petroleum economics industrys training resource march 1516, 2016 houston, tx october 45, 2016 denver, co instructed by mark j. Kent saugier is a handson scientific, technology and business professional with twentyfive years experience in upstream oil and gas, offshore technology, economics, economic modeling, international petroleum contracts, project management, software applications and technology including design, licensing and commercialization. Fundamentals programme overview of petroleum economics. Day 1 principles of petroleum economic analysis overview. Course trtope overview of petroleum economics ifp training.
Petroleum project economics and risk analysis training in london uk, dubai united arab emirates, kuala lumpur malaysia, istanbul turkey, france paris. Optimize every element of your prospecting operations worldwide using our advanced oil and gas exploration software a suite of comprehensive digital solutions for each stage of a petroleum systems approach to discovering hydrocarbons. Petroleum economics distance learning training course. Petroleum economics plays a vital role in the oil and gas industry and it lies at the heart of.
Economic evaluation of petroleum projects basic aspects dr. In just 15 hours of your study, this course will teach. Online training, online courses, webbased learning. The software itself is also quite expensive so schools rarely teach it. The global merak fiscal model library subscription service provides access to more than 200 standardized fiscal models for use with merak peep software. Val nav training planning, execution, and reserves. Oil and gas training, course, and workshop petrosync. Basic petroleum economics for profitability analysis. Event spe members in transition aries software training. The aries petroleum economics and reserves software provides comprehensive enterprisewide property and data management, production and reserve forecasting using decline curves or other methods, and proven economic evaluations for operations, engineering, and business teams. Each participant will receive economics of worldwide petroleum production, written specifically for petroskills courses. Our events are attended by delegates from over 24 countries like malaysia, indonesia, austria, qatar, australia, china, singapore, vietnam, india, philippines, brunei, saudi arabia. The subject matter is presented using reallife scenarios and fictional characters that represent various players involved in the decision process. Advanced studies and training centre creates highly structured customized learning programs that engage people, they help build success and inspire people to envision and achieve shared goals.
Petroleum project economics and risk analysis training. Apart from the petroleum economics, risk analysis and project management programs, you can also choose to attend a training course, workshop or seminar in other categories of the oil and gas industry, including. The discipline specific training is built from a large library of training course modules and worked examples. Basic petroleum technology principles this program will be delivered virtually through petroacademy providing participants with the knowledge they need at their convenience. Almost every decision is made on the basis of an economic evaluation. Estimate reserves for large numbers of wells quickly and. Evaluate reserve, income, net present value and undeveloped potential. Each function from addin can be selected from insert function dialog as well as from ribbon group. Production and maintenance of wells and facilities to recover and bring the crude oil andor raw natural gas to the surface plant and to process the produced hydrocarbons. Basic principles for economic analysis ingredients for an economic evaluation objectives and recurring themes.
Advanced studies and training centre provides trainings and development programs in. Directly link to other powerful ihs markit applications and content. The software enables oil and gas professionals to quickly run reserve and economic analysis. Training sessions attached to spe conferences and workshops follow the. Economic evaluation of petroleum projects basic aspects. This course is an excellent introduction to the fundamentals of petroleum economics. It discusses the science of petroleum economics, starting from squareone, the tools of the trade that petroleum economists use, day in and day out, and also its application. A twoday blendedtraining class that introduces a variety of fundamental petroleum economic principles, including revenue, expenditures, etc. Mosaic is the only single economics software platform that supports multiple. It is suitable for personnel from all technical and commercial disciplines. His leadership in negotiation was displayed by developing a consensus position with exxonmobil and conocophillips in.
This article presents basic aspects related to the economic evaluation process. Basic and advanced val nav training on the industrys leading software for integrated forecasting, economics, and reserves. Petroleum industry makes use of many different activities in all the sectors of the business cycle. Quickly browse through hundreds of options and narrow down your top choices with our free, interactive tool. If youre a nonexpert, new to the petroleum oil and gas industry, or a professional wishing to improve or refresh your skills and knowledge in your chosen field, smartkoncept technology is here to help you achieve your goals. Basic knowledge and techniques for performing investment analysis use the tools and concepts on petroleum investment projects a field development project an exploration project be able to understand the concepts used and do the economic calculations needed in the case study. Alisons free online economics courses will give you better understanding of the vital aspects of economics.
Quick decline ultimate is a professional oil and gas decline analysis and economic package meant to be affordable to anyone direct competitors like. The product will save significant man hours over traditional decline curve analysis software. Petroleum online is a timely series of elearning modules providing an indepth overview of each sector of the international oil and gas industry. The course is designed to be at an introductory level for those new to the subject of upstream petroleum economics. Petroleum engineering calculations in microsoft excel. Oil and services companys management apply hse policies to all levels of operations and in all sectors. Companies need accurate economic data to justify projects, plan budgets, report reserves and assess price or ownership changes. The primary aim of this course is to equip delegates with the necessary skills to. All functions are organized by categories for easy navigation and have a informative description.
Advanced studies and training centre provides trainings and development programs in a variety of fields. Integrated petroleum economics and risk analysis society of. Powertools is an intuitive, windows based software program providing reservoir and oil and gas economic analysis in minutes. Economics of petroleum exploration training course.
This training course teaches you the fundamental financial aspects of a petroleum company. Petroleum economics planning, execution, and reserves. Outperform legacy systems with mosaic the next generation software for corporate reserves, petroleum economics, budgeting, capital planning, and decline analysis. Free, lowcost, and open access data and software for.
This course provided by joe barth will offer participants a brief introduction to the basics of the petroleum refining industry. The aries petroleum economics and reserves software provides comprehensive enterprise wide property and data management, production and reserve forecasting using decline curves or other methods, and proven economic. This handson and practical course takes you through the fundamental financial aspects of a petroleum company. Financial modelling and petroleum project economics training. The models are exceptionally flexible, making them crucial in the valuation of reserves, exploration prospects, and new ventures. Training sessions attached to spe conferences and workshops follow the cancellation policies stated on the event information page. I can have someone that understands reserves an economics up and running on phdwin within an hour, unlike other products that takes months to establish a basic working efficiency.
Economics drives the entire oilgas producing industry. Dundas has developed petroleum economics training that is specifically tailored to discipline requirements. Click on one of the course categories below to start learning today. Expanded basic petroleum economics training course. Free, lowcost, and open access data and software for petroleum exploration and production susan s. Petroleum economics econ 404 course description the course will introduce basic economics concepts with their terminology, including the time value of money and discounted cash flows, and cover taxes and land resource ownership in alberta, partnership agreements, alberta government agencies and their roles, oil and gas production rate. Expanded basic petroleum economics training course petroskills.
Quick decline ultimate proffesional petroleum decline. Theres not much freeware for economics software packages but if youre an advanced excel user, you can model some of the same things in excel. Petroleum office is an addin that integrates a ribbon tab into the excel window, giving you easy access to the included functions and tools. Introduction to petroleum economics is about the process of gathering project data, calculating whether a project should proceed and delivering recommendations. Eclipse reservoir simulator schlumberger information solutions 3. This sevenunit course, titled petroleum economics interactive, provides a solid foundation of the basic economic factors and concepts pertaining to decisionmaking in the petroleum industry. This course will introduce a variety of fundamental petroleum economic principles including revenue, expenditures, fiscal systems, risk analysis, and investment analysis. The certificate in petroleum economics is the ideal course for both individuals and corporate groups to develop this crucial knowledge. Petroleum economics is one of the most influential players in the world economy, so having a comprehensive understanding of this vital area is key for anyone working within the oil and gas or energy industries. The 5 day training will reveal the fundamental aspects of upstream 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.
Petrolern training designs and delivers practical courses on a wide range of topics related to subsurface engineering, reservoir engineering and geosciences. Basic petroleum technology principles virtual, blended learning. Oil and gas reservoir and economic analysis software. Financial modelling and petroleum project economics training in london uk, dubai united arab emirates, kuala lumpur malaysia, istanbul turkey, france paris. Basic petroleum engineering practices petroskills training.
Petroleum economics aucerna petroleum economics is an enterprise level software and data solution for petroleum economic evaluation and fiscal modeling. Ipims is a comprehensive elearning resource devoted to upstream petroleum technology. Health, safety, environment are separate issues, each with its own technology, but they are often combined in. Quickdecline was written by petroleum engineers as a tool to make quick and easy decisions. Next, a schlumberger company, delivers software and technical training for all oil. Upstream petroleum economicsdeterministic models, fiscal. Economic evaluation is an essential step for assessing and studying and selecting new petroleum projects which involve different activities.
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