Day 1

Fundamentals

• Principles of Upstream Economics
• Evaluation approach

Cash Flow Concept

• Cash Flow Components
• Time value of money
• Discounted Cashflow (Time Value of Money, Discounting Method)

Day 2

Decision Tools

• Financial Assumptions (Hurdle Rate, WACC)
• Decision Metrics (Valuation metric, Profitability metric, Exposure Metric, KPI)

Fiscal Systems

• World fiscal systems overview
• PSC Indonesia (Principles of PSC, Elements of PSC Indonesia, PSC Cost Recovery vs PSC Gross Split)

Day 3

Risk Analysis

• Uncertainties vs Risks
• Decision Tree Concepts

Day 4

Modeling Concept

• Worksheet Structure
• Data Preparation (Expenditures, Development Concepts, Fiscal Terms)
• Fiscal Modeling Concept

Petroleum Engineers, Non-Petroleum Engineers or Scientists, field personnel, Management, Support Staff, new hires, IT services, Accounting.

Ahmad Erik Soulisa, B. Sc
Retired Upstream Petroleum Economist. Vast experience and strong knowledge in Oil & Gas upstream planning and investment management. About twenty years experience related to Indonesian PSCs. Also, exposure to global Oil and Gas fiscal terms : Asia, Middle East, & Africa. Experience as instructor in internal/inhouse and public trainings on Petroleum Economics and Risk Analysis