Chapter 1: Upstream Project
• Upstream project evaluation
• Technical input: reserves and production
• Reserves estimation method
• Oil and gas: supply and demand

Costs, Assets & Depreciation
• Project cost breakdown
• Cost estimation method and cost index
• Asset and depreciation schemes

Inflation and Escalation
• Time value of money
• Types of money
• Inflation & Escalation

Concepts of Cash Flow
• Economic analysis workflow
• Technical data for the economic assumption
• Economic Indicators

Fiscal Arrangements
Chapter 5: Fiscal Arrangements
• Typical characteristics
• Concession agreement
• Production sharing agreement
• Service contract agreement
• Malaysian scenario
• Taxation concepts
• Capital allowance calculation

Risk & Sensitivity Analysis
• Risk & uncertainty
• Sensitivity analysis - Tornado Diagram and Spider Chart

Decision Analysis
• Decision Tree

Q1 : What does this course is relevant to oil and gas?
A1 : Petroleum Economics is in the negotiations around Production Sharing Contracts and purchasing oil and gas properties. Petroleum Economists are also involved in the assessment and management of the technical, economic and other risks associated with the different phases of an oil or gas project