|Expanded Basic Petroleum Economics - BEC|
|Petroleum Finance and Accounting Principles - PFA|
|Introduction to Petroleum Business - IPB|
|Economics of Worldwide Petroleum Production - EWP|
Discipline: Petroleum Business
Duration: 5 days
Instructor(s): Thijs Koeling, Kent Saugier, Richard Seba
|In the area of corporate and international petroleum production, do you know how to choose the best investments? Can you properly evaluate investment opportunities? Do you know what investment criteria really mean and which criteria to use for best results? Answers to these questions will greatly improve your ability to make profitable decisions. Techniques for predicting profit, production, operating costs, and cash flow enable the analyst to evaluate decision alternatives for optimum results. Understanding cost of capital, financial structure, risk and uncertainty, present worth, rate of return, and other economic yardsticks enhances the quality and the value of economic analysis. Discover the effects of projects on corporate profits. Probe economic factors inherent in international concessions, contracts, joint ventures, and production sharing agreements. Practice making cash flow analysis of these contractual arrangements. Discussion of real-life examples with participants from many different countries enhances their value. Each participant receives Economics of Worldwide Petroleum Production written specifically for PetroSkills courses. Due to similarity in content, PetroSkills recommends that participants take this course if they have some previous experience in this field, as the course content is more advanced than either Basic Petroleum Economics or Expanded Basic Petroleum Economics.|
Managers, supervisors, and operating personnel concerned with costs, profitability, budgets, the company bottom line and other aspects of economic analysis of petroleum production on a project, corporate, and worldwide basis, who have had some previous experience in this area. Due to similarity in content, PetroSkills recommends that participants take this course if they have some previous experience in this field as the course content is more advanced than Expanded Basic Petroleum Economics. Take one or the other, but not both courses.
You Will Learn:
DR. THIJS KOELING was Managing Director of Exploration and Production (EP) with many years of international experience gained on postings to several countries during a 25-year career with Shell. He has a broad knowledge of and experience with E&P and gas activities (research, project evaluation, economics, appraisal drilling, planning, natural-gas policy, contract negotiations, team leadership and general management). He has vast experience with leading people from different cultural backgrounds. He received a Master's degree for Theoretical Physics and Mathematics and a Doctorate degree in Theoretical Nuclear Physics from the University of Groningen.
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.
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