Economic & Risk Analysis for Oil & Gas Project
September 28- October 1, 2010 at Bogor
Participant (who should attend):
Technical and-non-technical personnel of Industrial, Oil and Gas Company who involves in or concern with economics & risk analysis techniques and procedures related with design, selection, handling, installation, operation and maintenance of up-stream and down-stream industrial, oil, and gas projects and those who responsible in economic evaluation of a project.
Course Objectives (why attend):
This special practical approach course is designed to provide a compressive understanding of applied economics & risk analysis for industrial oil & gas project. The course content designed to help technical or non-technical people who promoted to higher ranks and found themselves confronted with financial terminology to easily understand and immediately practice economics & risk analysis in their new daily work.
Program Summary (what the participant will get):
After completion of this practical course, participant will better understand and get improvement on the logic of accounting and than moves to finance and to cost estimating, both capital and operating. Economics and risk analysis through the time value of money, cash low, depreciation and taxation will be given with examples and exercises. Uncertainty analysis based on errors in forecasting is treated from a practical standpoint based on widely-used industrial practice. Managerial attitude are used in the approach to feasibility analysis and approval of capital appropriations.
Course Content (what the participant learns):
In this specially designed practical course participant will learn from and discuss with professional instructor the following subjects:
Principles of accounting
• The Accounting Equation
• Data Recording
• Financial Reports
• How to read an Annual Report
• Income Statement
Financing the Corporate
• Source of Funds
• Debt vs Equity Financing
• Investment Decision Making
• Economics Modelling
• Use of the Basic Profit Indicators
Measures of Profitability
• Profitability Indicators
• Calculation Procedures
• Interest and the Future Value of Money
• The Net Present Value
• Decision Criteria
Incremental Analysis
• Basics of Incremental Analysis
• Generating Alternatives
• Absolute and Relative Indicators
• Profit Making Opportunities
• Cost-reducing Projects
Sensitivity Analysis
• Basics of Sensitivity Analysis
• Analyzing the Results
• Price Sensitivity
• Conclusion from Sensitivity
Quick Estimates Methods
• Estimating NCR, PIR and Payout
• Quick Estimate Adjusment
• Estimating IRR
• Other Indicators and Rules of Thumb
• Rules of Probability
Risk Analysis
• Basics of Risk Analysis
• Risk-weighted Expected Value
• The Uncertainty of Risk
• Sensitivity Analysis of Risk
• Projects Risk Analysis
Course Leader: Hilman Ahmad
This specially designed course will be conducted by Hilman Ahmad & Associates, an Independent Consultant in industrial oil and gas, member of the Society of Indonesian Petroleum Engineers, who manage the Professional Industrial Oil & Gas Education Center, and has been practicing production operation & safety and corrosion control engineering in Indonesia for more than twenty-five years. He post-graduated from Tokyo Institute of Technology (sponsored by UNESCO) in 1977. He joined in-field-practice program at Nippon Kokan Steel Company & Research Center Kawasaki, Japan for production facility design & construction and corrosion prevention & control in 1983, and collaborated with Cormon Industrial Research Center Brighton UK for on-line corrosion monitoring development in 2000. He has been delivering training course in production operation, maintenance & safety and corrosion control for personnel from Oil & Gas Company and Petrochemical Industry since 1979.
General Information
Certificate of Appreciation
All attendees will receive a certificate of appreciation attesting to their participant in the training. This certificate will be providing in exchange for a completed training questionnaire.
Documentation & Dress Code
o.Quality training material kits will be on registration, additional papers, & handouts assignment by TIM.
o.Note-taking by participants is encourage. However, to ensure free and open discussions, no formal records will be kept.
o.Casual clothing is recommended. The training atmosphere is informal.
Facilities
o.Quality training material (hardcopy and softcopy)
o.Quality training kits included calculator, T-shirt or jacket, cap, ect.
o.Interactive presentation with discussion
o.Convenient training facilities with five star quality
o.Lunch per day
o.Morning and afternoon coffee / tea breaks for along the training
o.Certificate of Completion
o.Half day city tour at the end of training session following by dinner with entertainment (Optional)
o.Exclusive flash disk.
Tuition Fee & Registration Deadline
IDR 8.750.000,-/ Person, Registration deadline a weeks before training held.
Minimum Participant
This training will be conducted if we receive registration letter from 3 (three) participants (Minimum)
