Practical Workshop in Petroleum Economics & Contracts

Course Introduction

Over five focused days, this workshop-based course takes Petroleum Economics & Contracts out of the textbook and into the reality of upstream, midstream and downstream facilities. Participants work through regional case material, structured exercises and peer discussion, leaving with methods they can apply on their next working day.

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

• Worked calculation and troubleshooting examples
• Reference tables and rules of thumb for daily decisions
• A structured inspection and reporting template

Who Should Attend

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

Prerequisites: Open to all levels; participants are encouraged to bring a real work challenge.

Training Methodology

Learning happens by doing — teams work through practical tasks, present their results and receive immediate feedback. 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