This 2-day face-to-face course offers an introduction to the economics of the oil and gas industry. Suitable for students, graduates and those new to the oil and gas industry. It will also be of value to those from technical backgrounds who want to learn about commercial and economic aspects of the oil and gas industry.
You will learn about the oil and gas value chains and will consider the costs, revenues and risk associated with various stages in the chains. Basic economic principles such as Net Present Value and Internal Rate of Returns will be introduced and illustrated with examples from the oil and gas industry. The course will also consider the pricing of oil, oil product and gas – what drives these prices and how can investors hope to make good returns in markets where the commodity prices are so volatile.
This course is highly interactive with a mix of lectures, case studies, group exercises, quizzes and competitions.
Format
Length
Date
Location
Member
price
Non-Member
price
Face-to-face
undefined
13/10/25 - 14/10/25
London
Member price: £1260.00 + VAT
£1260.00 + VAT
Non-Member price: £1575.00 + VAT
£1575.00 + VAT
Length: 2 days
2 days
Date: N/A
N/A
Location: Anywhere
Anywhere
N/A
N/A
Agenda
Overview of Oil and Gas Value Chains
- Introduction to the Oil Value Chain
- Introduction to the Gas Value Chain
- Capital and Operating Costs
- Major Projects
- Commodity Financing/Project Financing
Project Economics – NPV’s, IRRs and others
- Introduction to economic terms – NPV, IRR, DCF etc
- Introduction to cash flows
- Project examples
Economics of Exploration and Production
- Typical Project Costs
- Risks and Rewards
- Typical Contracts and Fiscal Terms – Concessions, PSA’s, Service contracts and more.
- Reserves and Reserves Certification
Pricing of Oil and Natural Gas
- Influences on world oil price
- Marker crude oils
- Crude oil characteristics and quality differentials
- Crude oil trading (overview)
Refinery Economics
- Introduction to Refining
- Refining margins and GPW
- Typical Project Costs – review of CAPEX and OPEX for refineries
- Risks and Rewards
The Economics of Gas Monetisation
- Introduction to Gas Monetisation – Pipelines, LNG, Petrochemicals and GTL
- Typical Project Costs – review of CAPEX and OPEX for gas monetisation projects
- Risks and Rewards
Valuation of Oil and Gas Assets
- Valuation methods for oil and gas assets
- Mergers and Acquisitions in the oil and gas industry
What will I learn?
- The oil and gas value chains
- The costs, revenues and risk associated with various stages in the value chains.
- Basic economic principles such as Net Present Value and Internal Rate of Returns
- The pricing of oil, oil product and gas and what drives these prices
- How investors can hope to make good returns in markets where commodity prices are so volatile
Who is this suitable for?
- Anyone new to the oil and gas industry, including new recruits, students and graduates.
- Anyone from a technical background who wants to learn about commercial and economic aspects of the oil and gas industry
Tutor profile
Mrs Z Young
This course is delivered by Zoe Young who has over 20 years’ industry experience at companies including ExxonMobil and Gaffney, Cline and Associates. Zoe has advised governments, oil companies and NOC’s on strategic investments and performed technical due diligence, market studies and economic analysis of LNG investments in Europe, Middle East and Asia . She is an experienced lecturer, having provided courses and/or technical seminars for the Energy Institute, Cass Business School (City University London). Japan Oil, Gas and Metals National Corporation (JOGMEC), PetroSA, Mennta (formerly Oxford Princeton Programme) and the Malta Petroleum Training Academy.
Very enriching and interesting course, the way of giving the course mixing theory with team dynamics has allowed you to get involved and get together with other classmates, in addition to expanding knowledge.
Anonymous
CEPSA