PETROLEUM PROJECT ECONOMICS AND RISK MANAGEMENT – Available Online

JADWAL TRAINING ONLINE

10 – 11 November 2020 | Rp 2.500.000,- Online Training
08 – 09 Desember 2020 | Rp 2.500.000,- Online Training

JADWAL TRAINING KELAS

10 – 13 November 2020 | Rp 9.000.000 per peserta di Yogyakarta
08 – 11 Desember 2020 | Rp 9.000.000 per peserta di Yogyakarta

PETROLEUM PROJECT ECONOMICS TRAINING DESCRIPTION

This practical training course will enable delegates from all technical and commercial disciplines to understand the theories and methods used to value oil and gas projects. The four-days will reveal the fundamental aspects of upstream petroleum economics and risk analysis. Through computer-based exercises, participants will construct economic models, incorporating relevant cash flow data for case study projects and scenarios.

This highly interactive and scenario-based training programme will enable you to apply a structured approach to project justification, investment appraisal and decision-making in the upstream petroleum business.

YOU WILL LEARN

• how to apply economic and risk management evaluation tools for oil and gas project proposals
• how to identify and quantify key uncertainties during field development and full life-cycle economics
• how to calculate the economic and financial viability of expenditure proposals projects under risk conditions
• how to develop a structured approach to measuring, managing and combating commercial risk
• how to assess the ranking of alternative projects
• how to prepare convincing project proposals in a way that will win management, partner and government approval
• how to improve project and business outcomes

PETROLEUM PROJECT ECONOMICS TRAINING CONTENTS

1. Petroleum Macro Economics

• Supply and demand
• Energy economics
• Impact of economic growth on energy
• Affects of fiscal and monetary policy
• International and national impacts

2. Petroleum Micro Economics

• Theory of the firm in the petroleum sector
• Revenue concepts – cash flow and revenue
• Cash flow versus profits
• Fixed costs versus variable costs
• Marginal costs
• How costs, revenues and profits vary with output

3. Project Economics

• Revenues
• Capital and operating costs
• Taxes and royalties
• Depreciation
• Inflation

4. Capital Markets And Finance

• Company financing
• Investment alternatives
• Cost of capital
• Market assessment of oil and gas stocks
• Times earnings

5. Capital Budgeting In The Petroleum Industry

• Building blocks: reserves, resources and production forecasts
• Estimating project revenues over time
• Estimating costs and cash outlays over time
• Looking at net cash flows

6. External Factors Affecting Project Analysis

• Economic growth of economies
• Oil prices
• Inflation rates
• Interest rates
• Interest rate yield curves
• Government takes

7. Decision Criteria And Cash Flow Analysis

• Introduction to Net Present Value (NPV)
• Internal Rate of Return (IRR)
• Payback
• Profitability
• Discount rates
• Break-even analysis

8. Risk And Uncertainty In Decision Making: Identifying project risks in -Revenues-Production flows-Oil prices-Costs-Interest rates
9. Probability Concepts

• Expected outcomes
• Probability curves
• Best and worst case scenarios
• Decision trees
• Psychology of decision making in uncertainty

10. Risk Management

• Examining alternatives and their costs
• Abandonment
• Flexibility
• Hedging

11. Sensitivity Analysis

• Identifying likely outcomes
• Weighted average cost of capital
• Examining rates of return under various scenarios

12. Corporate Analysis Of Risk And Return

• Portfolio theory and diversification techniques
• Opportunity cost of capital
• Investment alternatives

13. Beyond The Numbers

• Corporate views of risk
• Marketing, negotiations and concessions
• Presentation of project analysis results

14. Implementation in Indonesia

• Laws and Contractual Aspects
• BPMIGAS and Government Institution
• POD and AFE
• Supply Chain and Local Content

WHO SHOULD ATTEND:

This PETROLEUM PROJECT ECONOMICS training is aimed at delegates with little or no previous project investment appraisal experience.  Recent attendees have included:

• Explorationists and petroleum/reservoir engineers
• Asset managers, project managers and facilities engineers
• Information systems managers and project leaders
• Management accountants, finance and contracts specialists
• Government and advisory executives
• Service/supplier company personnel

PETROLEUM PROJECT ECONOMICS TRAINING METHODS

• Presentasi
• Diskusi Interaktif
• Sharing
• Studi Kasus
• Evaluasi

PETROLEUM PROJECT ECONOMICS TRAINING INSTRUCTOR

• Iswahyudi
• Dr. Ir. Harwin Saptoadi M.SE.

JADWAL TRAINING ONLINE 2020

JADWAL TRAINING ONLINE

• Batch 1 : 10 – 11 November 2020
• Batch 2 : 08 – 09 Desember 2020

PENYELENGGARAAN DIBAGI 2 SESI PER HARI

• SESI 1: Pukul 09.00 – 11.30 WIB
• SESI 2: Pukul 13.00 – 15.30 WIB

VIA APLIKASI ZOOM

* Peserta diwajibkan menginstall aplikasi zoom di laptop
* Peserta akan mendapatkan softfile modul format pdf

BIAYA DAN FASILITAS TRAINING ONLINE

* Publish Rate    : Rp 2.500.000,- / participant
* Special Rate    : Rp 2.350.000,- / participant (untuk registrasi minimal 5 peserta dari 1 perusahaan)

INCLUDE:

• Qualified Instructor
• Softfile modul/materi format pdf
• Sertifikat (dikirimkan via jasa pengiriman)

EXCLUDE:

• Pajak (VAT/PPN)

JADWAL TRAINING KELAS 2020

JADWAL TRAINING 2020

Yogyakarta: Cavinton Hotel Yogyakarta; Neo + Awana Hotel Yogyakarta; Pesonna Malioboro Hotel Yogyakarta
Surabaya: Hotel Neo Gubeng Surabaya; Hotel Santika Pandegiling Surabaya
Malang: Ibis Styles Malang Hotel
Jakarta: Yello Hotel Manggarai Jakarta; Dreamtel Jakarta Hotel
Bandung: Serela Cihampelas Hotel Bandung; Grand Setiabudi Hotel Bandung; Grand Tebu Hotel Bandung
Bali: Ibis Bali Kuta Hotel; Hotel Neo + Kuta Legian Bali

In House Training : Depend on request

TUITION FEE TRAINING

Yogyakarta:

• Publish Rate       : Rp 9.000.000,- / participant
• Special Rate        : Rp 8.600.000,- / participant (min 4 participants from the same company)

Bandung/ Jakarta/ Surabaya/ Malang:

• Publish Rate       : Rp 9.500.000,- / participant

Bali:

• Publish Rate       : Rp 10.000.000,- / participant

FASILITAS TRAINING

INCLUDE:

• Meeting Room at hotel, Coffe Break, Lunch
• Module (hard & soft copy/flashdish)
• Training Kit, Souvenir, Sertifikat
• Airport pick up services
• Transportation during training

EXCLUDE:

• Penginapan peserta training
• Pajak (Ppn 10 %)

PETROLEUM PROJECT ECONOMICS AND RISK MANAGEMENT

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