🛢️ Oil Economics Course
The Course Includes:
Training on QUE$TOR software and building a complete project model
Fundamentals and detailed concepts of petroleum economics
Practical use of Excel, calculation tools, and software for economic analysis
Cost estimation for different oilfield operations
💼 Technical &Economic Analysis
Introduction to key concepts in petroleum economics
Classification of direct and indirect costs
Analysis of operating costs (stimulation, acidizing, hydraulic fracturing, etc.)
Calculation of economic indicators: NPV, ROI, and Payback Period
Acid treatment evaluation and profitability analysis
Well suitability assessment for treatment
IPR curve analysis before and after treatment
Decline Curve Analysis (DCA) for production forecasting
Determining the Economic Limit of production
Risk analysis and scenario evaluation (optimistic, basic, pessimistic)
Preparation of a comprehensive final economic report (IPR, logs, DCA, benefit analysis)
💻 Practical Training on QUE$TOR Software
Overview of QUE$TOR and its main features
Starting a new project and setting up core input data
Developing a procurement and financing strategy
Defining field data: reserves, well count, production characteristics
Building a production profile (rate vs. time)
Designing flow rates and well distribution
Selecting a field development concept
Preparing a field development schematic
Calculating operating expenditures (OPEX) and capital costs (CAPEX)
Scheduling CAPEX and project timelines
Estimating decommissioning costs
Preparing the complete investment and production portfolio
