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Upstream Economist Certification

Upstream Economist Certification

30 days
EAM/UEC
Sessions
This course is not scheduled.
Who should attend?

Level

  • Proficiency
  • This certifying training aims to provide in-depth knowledge in economics, contracts/taxation and finance in order to hold rapidly and effectively the position of upstream economist.
  • The assessment system is made up of two (02) elements:
  • an entry assessment, covering all topics treated during the training in order to measure the progress of the candidates and does not validate any modules.
  • in order to sanction the certification, at the end of each module from 1 to 6, participants must pass written/oral exams, lasting one hour and a half.
Learning Objectives
  • Upon completion of the course, participants will be able to:
  • evaluate all aspects of taxation and contracts for upstream assets,
  • build advanced economic models for evaluating Exploration-Production projects,
  • incorporate the geological risk and uncertainty in the economic evaluation of E&P projects,
  • interpret the different financial statements (income statement and balance sheet) published by oil companies,
  • obtain a global vision on corporate governance issues,
Course Content
TECHNICAL & ECONOMIC ASPECTS OF THE PETROLEUM INDUSTRY

Module 1: OVERVIEW OF OIL & GAS CHAIN

5 days

  • International energy scene.
  • Upstream economics and downstream economics.
  • Oil trading.

Module 2: INTRODUCTION TO PETROLEUM ENGINEERING

5 days

  • Reservoir engineering.
  • Well intervention.
  • Surface facilities.
ECONOMIC MODELING OF EXPLORATION-PRODUCTION CONTRACTS

Module 3: CONTRACTUAL & FISCAL FRAMEWORK OF EXPLORATION-PRODUCTION

5 days

  • Legal, contractual and fiscal framework.
  • Main clauses of petroleum contracts.
  • Association agreements.

Module 4: ECONOMIC EVALUATION OF EXPLORATION-PRODUCTION PROJECTS

5 days

  • Economic criteria and economic costs analysis.
  • Equity profitability analysis and project funding.
  • Risk analysis of exploration-production projects.
FINANCIAL MANAGEMENT OF UPSTREAM ASSETS

Module 5: UPSTREAM ACCOUNTING & FINANCIAL MANAGEMENT

5 days

  • Accounting standards and consolidated financial statements.
  • Financial analysis.
  • Introduction to audit and financial reporting.

Module 6: GOVERNANCE OF AN E&P COMPANY

5 days

  • Governance of companies.
  • Audit & Internal control.
  • Oil & Gas specific issues.
  • Best practices study.
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Ways & Means
  • Case studies simulated on computers:
  • development of an oil field (under concession and production sharing agreements),
  • acceleration of production project with or without EOR (Enhanced Oil Recovery),
  • LNG plant project with specific financing,
  • pricing of an exploration bloc,
  • analyze the main corporate financial statements (Profit/Loss and Balance Sheet) issued by oil companies.
Certification
  • An international recognition of your competencies.
  • A Graduate Certificate is obtained.
  • An expertise confirmed in Upstream Economist Certification.
  • Ready-to-use skills.