Petroleum Economics & Cost Drivers

Introduction

This course provides an economic perspective on cost drivers and value creation across petroleum and energy operations, supporting better economic decision-making.

Objectives

• Understand petroleum economics fundamentals
• Identify key cost and value drivers
• Support economically sound decisions
• Improve cost–value trade-off analysis

Target Audience

• Engineers and technical professionals
• Planning and economics staff
• Managers and supervisors

5-Day Scientific Program

Day 1

• Petroleum economics fundamentals
• Value chain economics overview
• Cost vs value concepts
• Economic terminology

Day 2

• Capital and operating cost drivers
• Production and efficiency impacts
• Cost sensitivity analysis
• Break-even concepts

Day 3

• Economic evaluation techniques
• Price assumptions and uncertainty
• Scenario and sensitivity analysis
• Economic indicators

Day 4

• Cost optimization strategies
• Economic trade-offs in decisions
• Long-term economic sustainability
• Value improvement initiatives

Day 5

• Case studies
• Lessons learned
• Economic analysis toolkit
• Decision-support framework