| Effectively utilize economic indicators to make an informed investment decision 5 Benefits: • Analyse implications of incremental project decisions
• Distinguish between real and nominal cash flows
• Understand and apply petroleum economics in the upstream industry decision making process
• Acquire the knowledge to critically assess an integrated model of a typical oil field developmental project
• Understand the mechanics of Monte Carlo simulation for investment decisions! 5 Outcomes: • Understand and construct petroleum industry cash flow projections
• Calculate and apply economic indicators
• Determine decision criteria and cash flow analysis
• Learn how the full capabilities of Excel can be used to construct discounted cash flow models
• Identify and apply risk assessment tools including sensitivity, decision trees and stochastic simulation analysis Target Market: This course is designed for petroleum engineers, petroleum economists, energy managers and engineering managers that are
involved with technical, financial, operational and investment aspects of oil and energy projects. The course is also useful for finance and investment professionals who wish to expand their knowledge of investment
and risk analysis in managing, developing and reporting on oil and energy projects. | 
