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Petroleum Economics: Projects, Value, Risk and Strategy

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How Oil and Gas Decisions Are Driven by Cost, Risk, and Value: Engineering Economics, Business, and Strategy
4.7
4.7/5
(26) Ratings
1,222 students
Created by Ahmed Bakr
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What you'll learn

  • Understand the fundamentals of petroleum economics and project valuation
  • Apply NPV, IRR, DCF, and cash flow analysis to oil and gas investments
  • Evaluate development concepts using risk, scenario analysis, and fiscal regimes
  • Make strategic project decisions based on economics, timing, and uncertainty
  • Interpret CAPEX, OPEX, production profiles, and cash flow behavior
  • Think like a value-focused engineer, economist, and project decision maker
This course includes:
3 total hours on-demand video
36 articles
5 downloadable resources
74 lessons
Full lifetime access
Access on mobile and TV
Certificate of completion
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Course content

Requirements

  • This course starts from fundamentals and gradually builds toward advanced petroleum project evaluation and strategic decision making.

Description

Limited bonus (April & May): Get an additional course at no extra cost after enrollment.

How about asking yourself one question:

Are the projects you work on truly profitable… or just technically impressive?

Most oil & gas projects don’t fail because of engineering mistakes. They fail because they don’t survive the economic evaluation process.

If you don’t fully understand Net Present Value (NPV), Internal Rate of Return (IRR), Profitability Index (PI), Payback Period (PB), discounted cash flow analysis, fiscal regimes, and project risk assessment, you are not truly part of the investment decision — regardless of how strong your technical skills are.

This Petroleum Economics course delivers MBA-level financial thinking tailored specifically for oil & gas professionals. You will learn how upstream companies evaluate oil & gas projects, screen capital investments, assess fiscal terms, model cash flows, and make risk-adjusted decisions that can shift project value by millions.

This is not just theory. It is a practical project evaluation for real-world petroleum investments.

No advanced mathematics. No finance background. Just clear, practical logic that connects engineering decisions to investment approval.

If you want your voice to matter when projects are screened, funded, or rejected, this is your step forward.

Enrol now — and start seeing projects the way decision-makers do.

What You’ll Learn

  • How petroleum projects create or destroy economic value

  • How to interpret NPV, IRR, payback, and cash flow

  • Why timing and early production dominate project economics

  • Key CAPEX, OPEX, and production drivers

  • Time value of money and discounting—without heavy math

  • Major sources of risk and uncertainty

  • Sensitivity and scenario analysis for downside risk

  • Impact of fiscal regimes (PSC, concession, service contracts)

  • How economics, risk, and fiscal terms shape real decisions

  • How to communicate effectively with managers and decision-makers

  • How to apply economic thinking to engineering design choices

Who This Course Is For

  • Petroleum, reservoir, drilling, production, facilities, and subsea engineers

  • Project engineers and project managers in oil & gas

  • Technical professionals moving into leadership roles

  • Engineers preparing for FID reviews, project approvals, or interviews

Who This Course Is Not For

  • Advanced mathematical petroleum economics learners

  • Finance or accounting specialists

  • Spreadsheet-heavy financial modelling seekers

Course Approach

  • Engineer-to-engineer explanations

  • Decision-focused, not academic

  • Realistic industry logic

  • Risk-aware, not optimistic

  • Designed for real projects and real careers

Who this course is for:

  • Petroleum engineers and oil & gas professionals
  • Project managers and development engineers
  • Economists and financial analysts working in energy
  • Business professionals involved in energy investments
  • Strategy, planning, and corporate development teams
  • Graduate students in petroleum engineering, energy economics, or MBA programs
  • Anyone interested in oil & gas project economics, risk, and strategic decision making
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