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Oil and Gas Economics and Commercial Fundamentals

How oil and gas projects make or lose money, for engineers, geoscientists, finance, commercial, procurement and government staff. Covers the value chain, crude and gas pricing, costs and field cash flow models, net present value and other investment measures, fiscal regimes including production sharing agreements, joint ventures and sales contracts, and how risk, reserves and the energy transition affect investment decisions. All examples use hypothetical prices and worked calculations you can check.

Taught by iCompetent

Modules
6
Lessons
28
Duration
4h 19m
Level
Beginner
Quizzes
6 graded

Course content

6 modules · 28 lessons · 4h 19m

The basic money equation of an oil and gas project, the value chain from reservoir to customer, the main players, and the typical shape of a field’s cash flow over its life.

  • The Economics of Oil and Gas in One Picture
    Preview
    8 min
  • The Value Chain: Upstream, Midstream and Downstream9 min
  • The Players: Companies, Governments and Partners8 min
  • The Life of a Field and the Shape of Its Cash Flow9 min
  • Orientation — quiz6 questions · pass 70%

Topics covered

Petroleum Economics
Net Present Value
Fiscal Regimes
Production Sharing Agreements
Oil and Gas Pricing
Investment Decisions

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