COURSE DESCRIPTION: Energy companies spend money exploring, appraising, and developing oil and gas fields, as well as constructing the infrastructure to produce the fields. Economics are used throughout the life cycle of the asset to provide guidance to managers who are making decisions regarding acquiring leases, gathering data about the producing formations, drilling wells, and creating an asset development plan for the field. Decisions are made regarding secondary and tertiary recovery, infill drilling, divestiture or abandonment of fields using economic models. The work of the petroleum has a significant impact on the successful efforts of the company.
LEARNING OUTCOMES:
Participants in this course will learn the basic concepts of petroleum economics. Participates will review and construct simple economic models using spreadsheets. Participants of this course will receive the Introduction to Petroleum Economics textbook (2017) and a lab manual with exercises. All students will be required to have a laptop with Excel installed. Although this is not a programming course, a proficiency with Excel is recommended.
REGISTRATION POLICY
Registration should be made at least one month before the start of a course. It is recommended that participants register early due to limited seating. However, we will accept paid registrations up to the last business day before the class, provided there are seats available. Registrants will receive a confirmation email within 48 hours of registration and will receive complete venue information two weeks prior to the first day of class.
REMINDER: your seat in a course is NOT confirmed until payment is received.
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