The Business of Exploration
Participants will learn why companies explore and what metrics are used to measure the success of an exploration program. The justification of exploration projects will be discussed. How a company's vision, mission, and strategy drive exploration and other parts of the E&P business will also be presented and discussed.
Impact of Worldwide Fiscal Regimes on Exploration
The main types and elements of fiscal regimes around the world will be presented. Participants will learn to build cash flows for concessionary systems and simple production sharing contracts. Different types of service agreements will be reviewed, then investments under different fiscal regimes will be compared.
The participants will receive an overview of petroleum economics, including an introduction to basic cash flow and net present value. A review of time value of money concepts and cash flow basics will also be presented. Common economic indicators and project selection fundamentals will be discussed.
Participants will gain an overview of important concepts and examples of decision analysis. The uncertainties, risk, and various ways of incorporating them in the oil and gas project evaluations will be discussed. The use of a proven decision analysis process including sensitivities, decision trees, and the value of information in both deterministic and probabilistic approaches to evaluating oil and gas projects will be the key concepts covered.
Participants will learn about portfolio level analysis and why it is especially important for companies involved in exploration. Also, portfolio management strategies involving exploration will be discussed. Finally, participants will work a comprehensive problem to determine play ranking in their portfolio
|Event Date||05-22-2019 8:00 am|
|Event End Date||05-26-2019 5:00 pm|
|Registration Start Date||01-29-2019|
|Cut off date||04-15-2019|