This highly-rated course boasts a 4.9-star-star rating from 6 reviews and has successfully guided 910 students in mastering Engineering skills. Featuring 1 hour(s) 27 minute(s) of expert-led content delivered in English, this course offers thorough training to enhance your Social Science expertise. The course details were last updated on December 24, 2024. This coupon code is brought to you by Anonymous.
- Expired on February 01, 2026
- Last Update: February 01, 2026
- Price: 14.99 $
About This Course
Petroleum projects are approved—or rejected—not just on technical excellence, but on economic value, risk, and timing. Many technically sound projects fail because they do not meet economic or investment criteria.
This course helps engineers and technical professionals understand how petroleum projects are evaluated economically in the real world. It focuses on practical decision-making, not academic formulas, explaining how NPV, cash flow, discounting, risk, and fiscal regimes are actually used in industry.
You will learn how engineering decisions directly affect project economics, investment approval, and final sanction outcomes—using clear logic, realistic examples, and an integrated case study.
No advanced mathematics. No finance background required.
What You’ll Learn
How petroleum projects create or destroy economic value
How to interpret NPV, IRR, payback, and cash flow
Why timing and early production dominate project economics
Key CAPEX, OPEX, and production drivers
Time value of money and discounting—without heavy math
Major sources of risk and uncertainty
Sensitivity and scenario analysis for downside risk
Impact of fiscal regimes (PSC, concession, service contracts)
How economics, risk, and fiscal terms shape real decisions
How to communicate effectively with managers and decision-makers
How to apply economic thinking to engineering design choices
Who This Course Is For
Petroleum, reservoir, drilling, production, facilities, and subsea engineers
Project engineers and project managers in oil & gas
Technical professionals moving into leadership roles
Engineers preparing for FID reviews, project approvals, or interviews
Who This Course Is Not For
Advanced mathematical petroleum economics learners
Finance or accounting specialists
Spreadsheet-heavy financial modeling seekers
Course Approach
Engineer-to-engineer explanations
Decision-focused, not academic
Realistic industry logic
Risk-aware, not optimistic
Designed for real projects and real careers
