Texas Executive Education - The McCombs School of Business at The University of Texas
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Texas Executive Education | Decision and Risk Analysis in Hydrocarbon Exploration and Production

Decision and Risk Analysis in Hydrocarbon Exploration and Production

Designed For

  • Individuals
    For executives, professionals, new leaders and small business owners
  • Organizations
    For teams of managers with common developmental needs in specific areas

Objective

Learn how to approach modeling decisions and uncertainties that arise in oil and gas project management. These risks include those associated with estimates of hydrocarbon reserves and recovery rates, and the economic risks related to investment costs and oil prices.
 
We'll begin with a brief review of risk analysis as it relates to the production of hydrocarbons over the life of an oil field. Next, we will review economic modeling, and then illustrate how these risks should also be incorporated into decision making in oil and gas investments. We'll emphasize the use of information and options to enhance economic value and to manage project risks.
 
We'll illustrate these ideas with examples and case studies. We'll also demonstrate experience with some of the software tools that support the analysis of problems.

Benefits

  • Review economic modeling and understand how risks should be incorporated into decision making in oil and gas investments
  • Understand how to frame the decision opportunity (decision hierarchies and strategy tables)
  • Model complex projects with influence diagrams
  • Learn how to do deterministic sensitivity analysis (Tornado Diagrams)
  • Develop skills using decision trees as a means of structuring risky problems
  • Learn how to use information and options to enhance economic value and to manage project risks
  • Use provided examples and case studies to apply the concepts learned
  • Use some of the software tools that support the analysis of risky decision problems (participants will be encouraged to use personal laptops)


Decision and Risk Analysis in Hydrocarbon Exploration and Production
May 29, 2015DoubleTree Hotel - Houston Intercontinental AirportEnroll  
8:30 a.m. - 4:30 p.m.
James Dyer
$ 1,395.00
$1,395 - Single Program $7,350 - Energy Certificate The program fee includes all materials, lunch, and refreshments during breaks. Registration is not complete until payment is received.


Participants earn 0.7 CEUs and/or 7 CPEs for this course. A certificate of completion will be presented from Texas Executive Education.