Arabic
English
The Upstream Petroleum Economics and Management Training Course, offered by the Geneva Institute of Business Management under the Finance and Accounting Training Courses category, provides practical knowledge of Upstream Economics, petroleum economics, and the financial principles that guide upstream oil and gas investment decisions. The course examines exploration, development, production, project economics, risk analysis, and financial evaluation across the upstream petroleum value chain.
Participants develop practical skills in exploration economics, production economics, economic modelling, cash flow analysis, investment appraisal, and oil and gas project evaluation. The training also addresses uncertainty, commodity price assumptions, capital expenditure, operating costs, reserves, fiscal terms, and economic decision-making to support effective upstream project management and investment planning.
Objectives
Understand the core principles of Upstream Economics and petroleum economics.
Analyse the economic characteristics of upstream oil and gas projects.
Evaluate exploration, appraisal, development, and production investments.
Apply production economics to assess project performance and profitability.
Develop cash flow models for upstream petroleum projects.
Assess capital expenditure, operating costs, revenues, and project returns.
Apply economic indicators such as NPV, IRR, payback period, and profitability index.
Evaluate project risks, uncertainties, and sensitivity to key assumptions.
Analyse oil and gas fiscal regimes and their impact on project economics.
Improve investment decision-making and upstream project management capabilities.
Target Audience
Petroleum economists and financial analysts
Oil and gas finance professionals
Exploration and production managers
Petroleum engineers and production engineers
Investment and portfolio managers
Energy sector accountants and financial controllers
Commercial and business development professionals
Project managers in the upstream oil and gas sector
Government and regulatory professionals
Professionals involved in oil and gas project evaluation and investment decisions
Modules
Module 1: Fundamentals of Upstream Economics
Introduction to Upstream Economics
Structure of the upstream oil and gas industry
Petroleum value chain and project lifecycle
Key economic drivers of upstream projects
Relationship between technical and economic decisions
Module 2: Petroleum Economics and Investment Frameworks
Principles of petroleum economics
Economic life of oil and gas assets
Revenue, costs, margins, and profitability
Capital expenditure and operating expenditure
Economic decision-making frameworks
Module 3: Exploration Economics
Exploration project lifecycle
Geological and commercial risk
Exploration expenditure and expected returns
Reserves and resource considerations
Economic evaluation of exploration opportunities
Module 4: Development and Production Economics
Field development concepts
Production profiles and decline analysis
Production economics and operating costs
Development capital requirements
Economic optimisation of production strategies
Module 5: Oil and Gas Project Evaluation
Cash flow modelling
Net Present Value (NPV)
Internal Rate of Return (IRR)
Payback period and profitability analysis
Economic ranking of alternative projects
Module 6: Fiscal Terms and Petroleum Contracts
Overview of upstream fiscal systems
Royalties, taxes, and production-sharing contracts
Government take and contractor economics
Fiscal sensitivity analysis
Impact of contractual terms on project value
Module 7: Risk and Uncertainty in Upstream Projects
Sources of uncertainty in upstream investments
Oil and gas price assumptions
Sensitivity and scenario analysis
Risk-adjusted economic evaluation
Decision-making under uncertainty
Module 8: Upstream Economic Modelling and Management
Building integrated economic models
Forecasting revenues and costs
Investment screening and portfolio analysis
Economic monitoring and performance management
Strategic management of upstream petroleum assets
