Petroleum Economics Course
This course equips you with skills to excel in petroleum economics for upstream oil and gas. Develop production and price forecasts, model capital and operating expenses plus fiscal terms, compute key metrics like NPV, IRR, and payback periods, conduct sensitivity analyses, and deliver clear, actionable project valuations for informed decisions.

from 4 to 360h flexible workload
certificate valid in your country
What will I learn?
Gain essential tools to assess oil and gas projects confidently. Master creating production forecasts, calculating CAPEX and OPEX, incorporating fiscal regimes, handling decommissioning costs, performing NPV, IRR, payback, and sensitivity analyses using spreadsheets, and producing executive summaries with robust financial models.
Elevify advantages
Develop skills
- Build realistic oil price forecasts using public data for Brent crude paths.
- Model comprehensive upstream cash flows including CAPEX, OPEX, taxes, and royalties in Excel.
- Quickly value projects by calculating NPV, IRR, and payback using practical spreadsheets.
- Evaluate risks through sensitivity analysis, stress tests, and tornado diagrams.
- Deliver concise 4-page executive summaries with fully transparent methodologies.
Suggested summary
Before starting, you can change the chapters and 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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