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Economics is the primary link between decision making and profitable operations and it is one of the four pillars of the oil and gas industry (the other three being geology, engineering, and probability/statistics).
The purpose of this seminar is to introduce you to the economic concepts, strategies, and basic tools utilized in the oil and gas industry. Knowing these will assist you in making better decisions and understand the tradeoffs and risks associated with making these decisions.
The scope of this program covers the entire life cycle from exploration through decommissioning.
Economics will be used as a conceptual tool to facilitate your understanding. The instructor’s approach is applied, practical and broad, providing you with the background necessary to tackle and understand a variety of problems.