Fossil fuels dominate the energy mix representing over 80% of global energy demand. With geopolitical tensions influencing supply volumes, lower prices and the S& Global Commodity Insights "Upstream Fundamentals and Economics" course will equip you with the insights and strategies needed to navigate a constantly changing environment, meet challenges with informed decisions, and drive business growth.

Our prestigious Upstream Fundamentals and Economics Training is a great opportunity to hear from a range of S& Global experts sharing their expertise, regional trends and industry insights, as well as concrete case studies and analyses.

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Course Outline

Basics of the Exploration and Production industry

Positioning EMEA regional dynamics into the global upstream industry

Field Development Planning

• Establishing whether a project is economic
• Identifying development options using modeling techniques
• Selecting an optimal development concept for a project

Petroleum Fiscal Regimes and Fiscal Instruments

• Classifying, analyzing, and comparing Fiscal Regimes and, across various contract types
• Modelling and sensitivity analysis

Project evaluation

• Production profile generation methods
• Costs estimation methodology and examples
• Overview of the inputs for economic analysis
• Asset modelling techniques
• After-tax Net Cash Flow, Net Present Value and Discounting, Economic Outputs: IRR, payout/payback, profit/investment and other financial ratios, breakeven, comparable analysis

Market dynamics impacting upstream projects and strategies

• Country risks
• Supply chains and costs trends

Valuation and Decision Analysis

• Incremental Economics, Portfolio Optimization and Optionality
• Decision Trees, Scenarios and Sensitivities

Strategies of International and National Oil Companies

• Priorities in a continuously changing environment
• Portfolio strategies
• Know-how and specialization
• Mergers and Acquisitions as a vehicle
• Capital allocation: a balancing act
• Share of exploration
• Decarbonization focus

Emissions and Decarbonization Efforts still on the agenda

Technology and Innovation

• Research and Development focus areas
• Data and AI
• Case studies

Assessment

Participants will undergo continuous evaluations through

• Quizzes and practical simulations
• Group projects and end-of-course examinations