Petroleum Economics Course
This course equips you to excel in upstream oil and gas economics. Develop production and price forecasts, model CAPEX, OPEX, and fiscal regimes accurately. Compute key metrics like NPV, IRR, and payback periods, perform thorough sensitivity analyses, and deliver polished, actionable project valuations ready for executive review.

from 4 to 360h flexible workload
valid certificate in your country
What will I learn?
Gain essential tools for confident petroleum project evaluation. Master transparent production profiles, CAPEX and OPEX estimation, fiscal modelling, and proper decommissioning. Apply NPV, IRR, payback, and sensitivity analysis using spreadsheets, crafting concise executive summaries and robust financial models for decisions.
Elevify advantages
Develop skills
- Create realistic oil price forecasts from public data sources.
- Model comprehensive upstream cash flows including CAPEX, OPEX, taxes, and royalties in Excel.
- Rapidly value projects using NPV, IRR, and payback calculations in practical spreadsheets.
- Conduct risk analysis with sensitivities, stress tests, and tornado diagrams to inform choices.
- Deliver succinct 4-page executive summaries featuring clear, transparent methodologies.
Suggested summary
Before starting, you can change the chapters and the workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students say
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