Petroleum Economics Course
Gain expertise in petroleum economics for upstream oil and gas sectors. Construct production and pricing forecasts, model capital and operating costs alongside fiscal terms, compute key metrics like NPV, IRR, and payback, perform sensitivity analyses, and deliver concise, actionable project valuations ready for decision-making.

4 to 360 hours of flexible workload
certificate valid in your country
What Will I Learn?
Acquire practical skills to assess petroleum projects effectively. Develop transparent production forecasts, estimate capital and operating expenditures, incorporate fiscal regimes accurately, and handle decommissioning provisions. Apply NPV, IRR, payback periods, and sensitivity analyses using spreadsheets, culminating in succinct executive summaries and robust financial models for informed decisions.
Elevify Advantages
Develop Skills
- Develop oil price forecasts by transforming public data into precise Brent trajectories.
- Construct upstream cash flow models encompassing CAPEX, OPEX, taxes, and government shares in Excel.
- Rapidly evaluate projects using NPV, IRR, and payback calculations in practical spreadsheets.
- Conduct risk assessments through sensitivity analyses, stress tests, and tornado diagrams to support choices.
- Deliver polished presentations via concise 4-page executive summaries featuring clear 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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