Oil and Gas Pricing
About the Skill Module
This skill module demystifies oil and gas pricing. Is that possible? The answer is yes, and this skill module clarifies the factors contributing to how oil and gas pricing is determined. The tools and methods in common use for managing oil and gas pricing are described and participants will practice developing and applying pricing models. These models will contribute to the basis for an economic analysis and understanding of projects as companies make decisions in the real world.
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.
You Will Learn
Participants will learn how to:
- Calculate crude prices taking into account API gravity and sulfur content
- Apply quality bank methods to forecast relative prices
- Inflate prices over the life of a project
- Apply marker crude methodology to forecast oil prices