Economics of the Oil and Gas Industry - October 2024

Training Course

14/10/2024 - 15/10/2024

61 New Cavendish Street, London, W1G 7AR

Non-Member: £1499.00 (excl. VAT)
Member: £1199.00 (excl. VAT)

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A 2-day introduction to the economics of the oil and gas industry. This course is suitable for students who are new to the oil and gas industry.

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.

Learning objectives

This 2-day course provides and introduction to the economics that drive the oil and gas industry. Participants in this course 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.

The training course is highly interactive with a mix of lectures, case studies, group exercises, quizzes and competitions.

Who should attend

This course provides an introduction to the economics of the oil and gas value chains suitable for students who are new to the oil and gas industry.  It is also useful for those from a technical background who are looking to learn about commercial and economic aspects of the industry

Course overview

Overview of Oil and Gas Value Chains

Project Economics – NPV’s, IRRs and others

Economics of Exploration and Production

Pricing of Oil and Natural Gas

Refinery Economics

The Economics of Gas Monetisation

Valuation of Oil and Gas Assets

Contact details

Training Team:, 02074677178

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