Masterclass & Best Practices for Petroleum Economics & Contracts

Course Introduction

Whether you are new to Petroleum Economics & Contracts or refining existing skills, this masterclass-style course gives you a structured path through the subject as it applies to upstream, midstream and downstream facilities, guided by instructors who have worked in the field.

Training Objectives

• 01Describe how Petroleum Economics & Contracts is defined, governed and measured in international practice
• 02Work through typical situations in upstream, midstream and downstream facilities using structured Petroleum Economics & Contracts techniques
• 03Recognise common risks, errors and non-conformities linked to Petroleum Economics & Contracts — and how to prevent them
• 04Choose the right indicators and records to monitor Petroleum Economics & Contracts over time
• 05Translate the course learning into a realistic plan agreed with your line manager

What You Will Take Away

• Case-study notes drawn from regional plant experience
• A field-ready checklist you can use on your next job
• Worked calculation and troubleshooting examples

Who Should Attend

• Production & Operations Engineers
• Field Supervisors & Technicians
• HSE Officers in Oil & Gas Facilities
• Asset & Reservoir Engineers

Prerequisites: Best suited to experienced practitioners and team leaders.

Training Methodology

The format is conversational and case-driven: participants bring real challenges and test them against regional and international experience. Case material and examples are drawn from upstream, midstream and downstream facilities.

Day-by-Day Programme (5 Days)

• Day 1
  Foundations and context

  Key terms, roles and the regulatory background behind Petroleum Economics & Contracts, with examples from upstream, midstream and downstream facilities.

• Day 2
  Methods and standards in depth

  A detailed look at frameworks, codes and decision methods used in Petroleum Economics & Contracts.

• Day 3
  Practical workshop day

  Group exercises and simulations that put Petroleum Economics & Contracts techniques to work.

• Day 4
  Case-study day

  Real-world cases, failure analysis and improvement options related to Petroleum Economics & Contracts.

• Day 5
  Action plan and assessment

  Review, individual action plans and a short assessment to confirm readiness to apply Petroleum Economics & Contracts.

Upcoming Sessions