Petroleum Economics

Course Contents:

Day 1: Introduction to Petroleum Economics

• Definition of petroleum economics and its importance in the oil industry.
• Economic factors influencing the oil industry (supply, demand, prices).
• Principles of supply and demand and price determination in oil markets.
• The role of financial institutions in the oil industry.

Day 2: Price Analysis and Oil Markets

• Factors influencing global oil price determination.
• Price analysis techniques (futures contracts, oil options).
• Oil markets: spot market and futures market.
• Study of the impact of price fluctuations on the global economy.

Day 3: Evaluation of Oil Projects

• Economic feasibility analysis of oil projects.
• Financial return calculations (NPV, IRR).
• Evaluation of exploration and production projects and risk distribution.
• Using sensitivity analysis and evaluation techniques in decision-making.

Day 4: Natural Resource Management and Oil Financing

• Strategies for managing natural resources in the oil industry.
• Financing techniques for oil projects (debt financing, equity, partnerships).
• The role of major oil companies in setting economic policies.
• Evaluation of investment strategies in the oil and gas sectors.

Day 5: Future Challenges and Innovations in Petroleum Economics

• Future challenges facing the oil industry (economic shifts, technology, environmental policies).
• Innovations in economic techniques in the oil industry.
• The impact of global trends toward renewable energy on petroleum economics. Top of Form