Description
Purpose:
The most significant reason for doing economic evaluations is to make wise investment decisions. This process involves answering three critical questions:
- What will it cost?
- What is it worth?
- Will it earn adequate return on investment?
These questions cannot be answered easily or simply, but require educated forecasting and calculation techniques, which are the subject of this course.
Outline
- Introduction
- Production Forecasting
- Reserve Estimation
- Oil and Gas Price Forecasting
- Cash Flow
- Economic Decision Tools
- Risk and Uncertainty
- Budgeting and Investment Planning