Introduction to Upstream Petroleum Economics


The course is designed to be at an introductory level for those new to the subject of upstream petroleum economics. It is suitable for personnel from all technical and commercial disciplines.


The primary aim of this course is to equip delegates with the necessary skills to:
- Understand the theory of petroleum economics based on discounted cashflow
- Calculate with confidence the key economic metrics used in investment decision-making
- Appreciate the geological and engineering inputs to the cashflow model
- Understand oil and gas pricing
- Understand the principles and appreciate the diversity of worldwide fiscal systems
- Interpret the economic results and quantify the risks so as to put values to prospects, fields and companies

Learning Objectives

• Understand the basic theory of discounted cash flow analysis
• Know how to calculate the key economic metrics
• Learn about the key geological and engineering inputs to the economic model
• Appreciate the issues in oil and gas price forecasting and fiscal regimes
• Be able to interpret economic metrics in order to value projects
• Understand the key sources of risk and uncertainty for a project



Number of Participants

Max 20



Software Used


Course Format

Classroom exercises and presentations

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CGG GeoTraining offers the most comprehensive industry training based on years of practical experience acquired by our personnel.

Our proprietary courses are fully customizable and can be offered at a time and location convenient to you. Please request a course for more information.