| Cash Flow Analysis • Introduction to the oil and Gas Industry • History of Energy usage • Basic Principles of Oil and Gas Economics • Familiarization with Economic terms • Setting up Cash Flow Calculation • Depreciation Methods & Loss Carry Forwards • Inflation • Nominal & Real Cash Flow • Abandonment & Sunk Costs • Project Financing Economic Indicators • Economic Indicators Definitions • Present Value Concept • Discount Factor & Net Present Value • Internal Rate of Return • Payback Period • Profit/Investment Ratio • Incremental Projects • Effect of Project Delay Risks and Uncertainties • Risk & Uncertainty • Expected Value Concept • Decision Tree Analysis • Farm-out Decision • Probability Analysis • Sensitivity Analysis • Probability Distribution • Monte Carlo Simulation Setting up Spreadsheet Calculation • Introduction to Spreadsheet Calculation • Simple Cash Flow Using Excel • NPV calculations • Application of economic indicators Setting up Oil Field Development Model • Setting up an Integrated Economic Model of a Typical Oil Field Development • Case Study – Chevron Texaco Frade Project • Project Sensitivity Analysis for the selected model |