Basic Petroleum Economics
Description :
Petroleum business is
just like other business which is aimed to make profit. Profit, as an economic
indicator, is a function of production, price, costs and government take (tax
and non tax) and minimum return. To maintain production, any business needs to
maintain stock. Stock in petroleum business is proven reserves. Petroleum
business is a risky business.
To understand petroleum economics needs knowledge of petroleum proven reserves and production, price, costs, government take, contractor profit, minimum return and risks of petroleum business. Furthermore, the knowledge of calculating economic indicators, selection among alternatives and understanding contracts are required.
To understand petroleum economics needs knowledge of petroleum proven reserves and production, price, costs, government take, contractor profit, minimum return and risks of petroleum business. Furthermore, the knowledge of calculating economic indicators, selection among alternatives and understanding contracts are required.
Outline :
1. Dynamics of Petroleum Business
2. Economic Indicators
3. Selection Among Alternatives
4. Government Take, Contractor Profit and Recoverable Cost
5. Production Sharing Contract
2. Economic Indicators
3. Selection Among Alternatives
4. Government Take, Contractor Profit and Recoverable Cost
5. Production Sharing Contract
Who
should attend :
-
Financial Analyst
- Project Engineering and Economic Team
- Development Planning Team
- Geophysicist and Geologist
- Reservoir Engineers, Production Engineers
- Anybody who wish to know Petroleum Economics
- Project Engineering and Economic Team
- Development Planning Team
- Geophysicist and Geologist
- Reservoir Engineers, Production Engineers
- Anybody who wish to know Petroleum Economics
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