- Forecasting oil production
- Defining: "reserves", operating expenses, capital expenditures, inflation, factors effecting oil and gas prices
- Cash flow techniques
- Economic criteria: interest, hurdle rate, time value of money, selection, ranking criteria
- Risk, uncertainty: types of risk, mathematical techniques, probabilistic models, uncertainty in economic analysis
- Tips on economic factors in computer spreadsheet analysis
- Ethics in economic analyses
MR. TIM NIEMAN has 30 years of experience as a risk and decision analyst, economist and petroleum scientist. His professional experience includes 20 years in leading and conducting projects of various sizes and scopes involving the application of decision and risk analysis methodologies in the energy and environmental sectors, and 10 years as a practicing petroleum geophysicist. His background includes work in decision analysis, risk analysis, business modeling, financial forecasting, strategic planning, R&D portfolio management, software development, geology, and geophysics. Mr. Nieman has also taught numerous training seminars in decision analysis, economics and quantitative modeling. He has a BS in geology and an MS in geophysics from Michigan State University, and an MBA from Rice University.
DR. KENT SAUGIER is a hands-on scientific, technology and business professional with twenty-five 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. He has domestic and international experience, excellent presentation skills and strong customer awareness. He received both a B.A. and a Ph.D. in Chemistry from the University of California.
DR. RICHARD D. SEBA is a petroleum engineering consultant in New Orleans, Louisiana. During 28 years of employment by Shell Oil Company in locations around the world, he held staff and management positions in research, reservoir engineering, and E&P and corporate economics. He has taught reservoir engineering and petroleum economics at Tulane University, Stanford University, University of New Orleans, for SPE and Shell. For the past 27 years, he has taught courses in petroleum economics, risk and uncertainty, and international E&P contracts for Shell and OGCI. He is an SPE Distinguished Author, has served SPE as chairman of the Distinguished Lecturers Committee, chairman of the Economics Award Committee, chairman of the Textbook Committee, and as a member of the Speakers Bureau. He is a member of the Society of Independent Professional Earth Scientists and is a registered professional engineer. He is the author of Economics of Worldwide Petroleum Production (3rd Edition, 2008). He received B.S. and M.P.E. degrees from Oklahoma University and a Ph.D. degree from the University of Texas, all in petroleum engineering.
MR. RONNIE TUCKER is a seasoned Irish business executive and financial and economic consultant with extensive practical experience. He has worked as a corporate business process reengineering Project Director in Helsinki, as a CFO/COO in New York, as a Director of Corporate Risk Management in Brussels and as a Financial Analyst in Silicon Valley. He has been a board member in Belgium, France, Ireland, Italy, Netherlands, UK and USA and has sat on a number of board audit, finance and governance sub-committees. Since 2012 he is a Divisional Director with Indecon Consultants. Since 1997 he has trained more than 4,000 non-financial managers in finance, economics and accounting for multinationals, governments and management institutes. He also taught management at the National University of Ireland and has spoken on governance for the Institute of Chartered Accountants in Ireland. Ronnie has a particular interest in the petroleum industry. In 2012 he taught MPs and civil servants from the Ministries of Finance and Natural Resources in Kurdistan, Iraq on production sharing contracts. He also recently trained government officials from Myanmar in energy project economics and finance. His long client list includes ExxonMobil and Schlumberger. He is a member of the petroleum business faculty at PetroSkills. He conducted cost-benefit appraisals of infrastructure projects for the Office of the Prime Minister of Malta. This also involved knowledge transfer to the Prime Minister's staff. Ronnie brings to bear his work in many industries including pharmaceuticals, logistics, retail, forest products, hospitality, and ports. He has worked extensively in the Middle East including in Algeria, Dubai, Egypt, Iraq, Morocco, Oman, Syria, and Tunisia. For petroleum industry clients he has also worked all over the world. Ronnie has a Bachelor's degree in business and economics from Trinity College, Dublin (1978) and an MBA from Stanford University (1985).
In-House Course Presentations
All courses are available for in-house presentation to individual organizations. In-house courses may be structured the same as the public versions or tailored to meet your requirements. Special courses on virtually any petroleum-related subject can be arranged specifically for in-house presentation. For further information, contact our In-House Training Coordinator at one of the
numbers listed below.
Telephone 1- 832 426 1234
Facsimile 1- 832 426 1244
Public Course Presentations
How to contact PetroSkills:
1-800-821-5933 toll-free in North America or
Address P.O. Box 35448, Tulsa, Oklahoma 74153-0448, U.S.A