Oil & Gas Finance & Risk Analysis

Module Overview

The international oil and gas industry is short of qualified staff in oil and gas finance and this industry is one of the most important sectors within the global economy.  Managing oil and gas resources requires a deep knowledge and understanding of the drivers which impact on this globally important sector. This one-year course is designed for graduates from a wide range of backgrounds who wish to seek a postgraduate qualification in oil and gas finance.

Objectives

After successful completion of the course, students would be able to:

1. 1. Understand the theory of petroleum economics based on discounted cash flow
   2. Calculate with confidence the key economic metrics used in investment decision making
   3. Appreciate the geological and engineering inputs to the cash flow model
   4. Understand oil and gas pricing and forecasting
   5. Appreciate the diversity of fiscal systems worldwide
   6. Build Excel-based economic models in both Tax/Royalty and Production Sharing Contract fiscal systems.
   7. Interpret the economic results and quantify the risks so as to put values to prospects, fields and companies
   8. Gain a thorough, practical introduction to the techniques used within the petroleum industry to value projects, assets and companies.
   9. Develop your own simulation and real options approaches
   10. Address the issues specific to the oil and gas industry such as fiscal systems, risk analysis and competitive bidding.