PETROLEUM ECONOMICS, RISK ANALYSIS AND FINANCIAL MODELLING
In Collaboration with Global Analytics Consulting and CEDAF
Location: Glasgow, UK
Project Objectives:
The objective of this project is to help petroleum industry practitioners, oil and gas financiers and economic regulators in applying mathematical and statistical techniques in appraising petroleum investment projects and identifying and managing risks as well as using financial modeling techniques in managing energy price and volume risks and in optimizing energy asset portfolios.
Participants:
The project participants comprised oil and gas practitioners and account managers.
Project Topics:
- Petroleum project economics and investment evaluation
- Risk analysis and management
- Energy derivatives and portfolio management
- Fiscal modeling and upstream petroleum regulation
Workshop Sessions:
This project included three workshop sessions. The first utilized methods and techniques in building economic models for analyzing, valuing, pricing and regulating upstream, mid-stream and downstream petroleum projects. The second session examined the use of mathematical and statistical methods such as scenario analysis, sensitivity analysis, probability theory, loops and flow charts and so on in identifying, assessing, analyzing and responding to risks associated with energy projects. The third aspect of the workshop focused on the use of energy derivatives and portfolio optimization tools for managing oil price and volume risk.
