Tender fee demand draft to be submitted with credential bid document. Fundamentals programme overview of petroleum economics. This course is designed, developed, and will be delivered under. Product economics crack spread estimates the value added by refining as an industry 4 standard spreads 5.
The evaluation methods of project and oil firms 4 hours 1. Project management committee to focus on seamless execution of projects. An introduction to basic risk analysis will also be presented. Accept all projects with npv 0 drop all projects with npv project economic decision criteria net present value mai 2004 ppm 2nd workshop of the china case study 30 project cashflow present value a 200, 120,140 25 b 390, 270, 220 37 c 600, 300, 350 38 discount.
The projects services check for availability of wifi hotspots and if the quality of the wifi hotspots is good, it. Decisions through the lifecycle of a petroleum project. The applicability of various probability distributions to the petroleum project development cost analysis is discussed. Empirical analysis of problems of petroleum products distribution in nigeria, largest undergraduate projects repository, research works and materials. The last section of the chapter presents a petroleum economic evaluation example which presents a complete risk analysis leading to net present values npvs of the example project. The model is the basis for communicating among project team members, managers, and partners. The 5 day training will reveal the fundamental aspects of upstream petroleum economics and risk analysis. Economics modeling for petroleum exploration and production projects considering risk and imprecise data thesis pdf available january 2016 with 11,273 reads how we measure reads. You have to use the rate of return of the best alternative use of money as the discount rate. Discussion progresses from an introduction to the industry, through principles and techniques of engineering economics, to the application of economic methods. Sep 17, 2014 a kelkar committee model could be the best option for oil and gas pricing contracts are won by bidders offering the government the highest shares in these three phases. Mohan kelkar is a williams endowed chair professor and chairman of the petroleum engineering department at the university of tulsa.
The corporate finance pattern is of vital important financial decision foe financial well being of companies. Considering that irans oil revenues have been blocked in indian banks, this country india intends to use this money to finance iranian petrochemical projects, if possible, abbas sharimoghaddam, deputy oil minister for petrochemical affairs was quoted as saying by oil ministry news service shana. Economic factors impacting the oil and gas industry. Ahead of union budget 201516, the petroleum ministry has made public a key report on oil sector reforms by a panel under former finance secretary vijay kelkar. Economic evaluation of petroleum projects basic aspects dr. Economic evaluation of aromatics production, a case study. Several key concepts that will be covered are the time value of money, cash flow basics, common economic indicators, fiscal systems and project selection fundamentals. A kelkar committee model could be the best option for oil. This gives the government no share of oil or gas at all. This article presents basic aspects related to the economic evaluation process. The assessment of profit oil or gas should be conducted on the basis of self. Maduka austin from university of nigeria nsukka said thank you for your sincerity and prompt delivery, i tell you, you guys will go places if you maintain your sincerity and continue like this.
Petroleum project economics and risk analysis training in london uk, dubai united arab emirates, kuala lumpur malaysia, istanbul turkey, france paris. See all formats and editions hide other formats and editions. Petroleum economics free download as powerpoint presentation. Read more about kelkar panel report on oil sector reforms. Jun 06, 2015 the fundamentals of petroleum project economics, fiscal systems and valuation b. A kelkar committee model could be the best option for oil and gas pricing contracts are won by bidders offering the government the highest shares in these three phases. Value of the study in theory, mergers and acquisitions are perceived as opportunities to explore new knowledge vermeulen and barkema, 2001. The evaluation of an international petroleum exploration project involves a. Orlandi encyclopedia of life support systems eolss these shows structural characteristics, relations of strength, economic and political dynamics which cannot be immediately attributed to the traditional life cycle of an industry and which indeed can no longer be repeated. Report of the committee on roadmap for reduction in import. Spe formation evaluation was published from 19861997. Wood and others published petroleum economics, risk and opportunity analysis.
Economic evaluation of cooperation projects in the. The economics of lng projects the first part of the course provides delegates with a thorough understanding of petroleum economics, fiscal. This article presents basic aspects related to the economic evaluation process such as concepts and. In physical science terminology, energy is the capacity for doing work, e. The projects primary objective was to introduce clean fuel in the form of compressed natural gas cng and piped natural gas png to kanpur and bareilly. The subjects treated are petroleum economics, project evaluation and corporate finance. The internationalization of china oil companies 4 hours 1. He has worked as process engineer for suez oil refineries, headed kfupms chemical engineering. This book explains how to apply economic analysis to the evaluation of engineering challenges in the petroleum industry. Kelkar to prepare a roadmap for enhancing domestic production of oil and gas. The present value of a project is the sum of discounted cash flow elements.
Abdelaal is emeritus professor for national research center nrc, cairo, egypt and king fahd university of petroleum and minerals kfupm, dhahran, saudi arabia. Hassan dardisu from maryam abacha american university niger said thiss very wonderful experience. Facility for bottom up gradation and diversification to petrochemicals. Akpcs, llc amit kshatriya project consulting services is a consulting firm owned by amit kshatriya, an interface management expert with professional experience in working on major capital projects. The comparison of methods of evaluation of project and firms 4. Chapter iii technology trends in banking operations post.
Most existing research involves using or exploring knowledge in. The aim of this study is to analyze financial structure and preference of lodging companies that issues traded in european and turkish stock markets by using ratio analysis technique. For complete understanding of project economics four major items must be discussed. India equity research oil, gas and services companyname. Scan copy of dd for tender fee is to be uploaded along with the emd on eportal. Textbooks can only be purchased by selecting courses. Economic evaluation of cooperation projects in the offshore. Petroleum project economics and risk analysis workshop. Economic evaluation is an essential step for assessing and studying and selecting new petroleum projects which involve different activities. Time series analysis model for production and utilization of gas a case study of nigeria national petroleum corporation nnpc h. Pdf financial structure analysis of indian companies. In case of mse category, tender fee is not applicable. The evaluation model is central to understanding a project and valuing each partys interest.
Economic evaluation of prospects and producing properties. Economic evaluation in the petroleum industry paperback january 1, 20 by dr. Petroleum economics net present value internal rate of. Indian companies willing to finance iranian petrochemical. The economic decisions continue throughout the producing life of the project. This highly interactive and scenariobased training programme will enable you to apply a structured approach to project justification, investment appraisal and decisionmaking in the upstream petroleum business. Then the net present value means the increase in value by choosing this project instead of the best alternative.
The course is designed for learning the basics of petroleum economics and uses a combination of instruction and exercises to ensure participants absorb both the theory and the practical application of the topics. Pdf economics modeling for petroleum exploration and. Academic partnership for a masters of science degree in. To evaluate the impact of mergers and acquisitions on the financial performance of petroleum firms in kenya. A kelkar committee model could be the best option for oil and. Economic evaluation in the petroleum industry free ebook download as pdf file. Economics of unconventional resources and lng projects. He has taught the gas production engineering course to more than 1,000 industry professionals over the last years. This is to combine oil and gas reserves into a single. Economic evaluation of petroleum projects basic aspects. Mohammed2 1university of maiduguri, department of mathematics and statistics, nigeria 2federal polytechnic damaturu, department of mathematics and statistics, nigeria. The choice of appropriate source of fund for capital structure. Equity investment in central uttar pradesh gas limited.
Definition and discussion of all major economic indicators such as npv, irr, and payout are. Course philosophy petroleum professionals need to have a thorough understanding of the value chain and the global competitive landscape in which they operate. The financial performance is also useful for the measurement of the overall financial health of the organization over a given period of time. Time series analysis model for production and utilization. Analysis of financial performance of hindustan petroleum. Economics for oil and gas projects under conditions of certainty and uncertainty.
This chapter covers the basic economic principles that govern the oil and gas industry. Econ 2000 this course introduces students to the economics of energy at the micro level. The training approach is based on principles of economic evaluation of petroleum related project with focusing on step by step developing economic models, determining economic indicators, evaluating and quantifying risks and uncertainties and making the right investment decision for the project. An overall economic evalu ation is given at the end of chapter 18 economic evaluation. Energy project economics and measures of performance project cash flow analysis, discounting cash flow to obtain present value and internal rate of return, the cost of capital and the effect of debt financing, other measures of project performance.
Readers will learn to incorporate cuttingedge research in estimating reserves, evaluating the performance of fractured wells, processing gas, and material balance analysis. Download undergraduate projects topics and materials accounting, economics, education. Evaluation of corporate social responsibility and promote the mechanism of philosophy and social sciences of heilongjiang province planning project 12e142. This cd also includes selected papers from two out of print volumes spe reprint series no. Petroleum projects which involve different activities. Understanding the criteria for effective investment decisions in the oil, gas and petrochemical industries and the principles of evaluating project economics in the energy sector. Petrochemicals in general are compounds and polymers derived directly or indirectly from petroleum. Ifrs 6 exploration for and evaluation of mineral resources touches on issues that are unique to the extractive industries, other standards relevant to the oil and gas are ias 16 property, plant and equipment, ias 31 interests in joint ventures, ias 36 impairment of assets and.
The fundamentals of petroleum project economics, fiscal systems and valuation b. Oil and gas property valuation and economics includes 30 papers on property and project valuation, risk analysis, international economics and fiscal regimes, and special focus topics. Please visit the course list builder to get started. He received his bs from alexandria university, egypt and his ms and ph. Economic evaluation in the petroleum industry inflation prediction. This course is designed for learning the basics of petroleum economics and project selection.
Pdf petroleum economics, risk and opportunity analysis. Meeting auto fuel compliant to 100% bsiv and part bsvi grade. In this course participants learn good evaluation modeling practice and the decision analysis process. International journal of research in management, economics and commerce issn 2250057x, impact factor. Highlights of the project capacity expansion from 1,90,000 bblday to 3,10,000 bblday 15. View petroleum economics and project evaluation kelkar. Feb 17, 2015 the material balance for each unit is located at the end of the chapter that dis cusses that particular unit, and the evaluation of operating and construction costs is located at the end of chapter 17 cost estimation. Petroleum project economics and risk analysis training. In this important new book, mohan kelkar, a respected author and professor, presents the quintessential guide for gas engineers, emphasizing the practical aspects of natural gas production. The material balance for each unit is located at the end of the chapter that dis cusses that particular unit, and the evaluation of operating and construction costs is located at the end of chapter 17 cost estimation. Integrated evaluation methodbased technical and economic. Economic evaluation of cooperation projects in the offshore petroleum projects in the offshore petroleum exploration and development introduction abundant petroleum resources are predicted to be present in the chinese offshore continental shelf. Economic and financial determinants of oil and gas.