HGS Class: Removing the Mystery from International Petroleum Economics
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NPV, Government Take, Profit Split – these are all terms commonly used to describe the characteristics and viability of upstream oil and gas projects. Learn what they really mean! This one-day course will remove the mystery of worldwide oil and gas economics. It will begin with a review of the concept of cash flow and time value of money and will progress through an explanation of royalty/tax systems and production sharing contracts. This course is designed to be “hands-on” so the concepts taught will be reinforced through the working of problems by the students using paper, pencil and a calculator. If you want to take the mystery out of worldwide economics in a single day, this course is for you.
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