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Basic Petroleum Economics - BEC3 |
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Expanded Basic Petroleum Economics - BEC |
Discipline: Petroleum Business Level: Basic Duration: 5 days Instructor(s): Tim Nieman, Kent Saugier, Ronnie Tucker |
Could you answer the following three questions for your next project? What will it cost? What is it worth? Will it earn sufficient profit? Before undertaking any project, these questions should be answered. This course will provide the fundamentals necessary to enable you to do so. Budgeting and financing, accounting, and contractual arrangements, which also significantly impact the economic viability of a project, are covered. Participants practice cash flow techniques for economic evaluations and investigate frequently encountered situations. Participants are invited to submit their own economic problems (in advance), if appropriate. Each participant will receive Economics of Worldwide Petroleum Production, written specifically for PetroSkills courses. "I enjoyed learning about the different metrics of economics and how they can be used to evaluate projects. Instructor's real life experiences were powerful when explaining different topics during the class." - Deputy Regional Supervisor, United States "The course was well-rounded and highly relevant to the actual running of a business. The course material was up-to-date, and we benefited greatly from the instructor's rich experience." - Participant, United Kingdom |
Designed For: Managers, engineers, explorationists, field accounting supervisors and other personnel who need to develop or improve their skill and understanding of basic economic analysis and profitability of petroleum exploration and production. Due to similarity in content, PetroSkills recommends that participants take this course if they have no previous experience in this subject. For participants with more exposure to the subject, please review the Economics of Worldwide Petroleum Production description as its course content is more advanced than either Basic Petroleum Economics or Expanded Basic Petroleum Economics. Take one or the other, but not both courses. |
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Instructors: 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. 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 E-Mail inhouse@petroskills.com Public Course Presentations How to contact PetroSkills: 1-800-821-5933 toll-free in North America or Telephone 1-918-828-2500 Facsimile 1-918-828-2580 E-Mail registrations@petroskills.com Internet www.petroskills.com Address P.O. Box 35448, Tulsa, Oklahoma 74153-0448, U.S.A |