Petroleum Engineering Economics

Petroleum Engineering Economics COURSE OBJECTIVE Economic analyses that primarily involve engineering and technical projects commonly are called engineering economic studies or engineering economics. Petroleum business is just like other business which is aimed to make profit. Profit is a function of production, price, costs and government take (tax and non tax) and minimum return. To maintain production, any business needs to maintain stock. Stock in Petroleum Business is proven reserves. Petroleum business is a risky business. To understand Petroleum Engineering Economics needs knowledge of petroleum proven reserve and production, price, costs, government take, contractor profit, minimum return and risks of Petroleum Business. COURSE CONTENT Dynamics of Petroleum Business Petroleum Reserves and Production Methods to Measure Profit Indicators Selections among Alternatives Government Take from Tax and non Tax Cost Estimation Pricing Incentives Risk Management and Decision Making Petroleum Contract in Indonesia PARTICIPANTS Engineers and Staff (Production, Operations, Facilities, Reservoir, Petroleum, Optimization, Design, Construction, and Maintenance) Geoscientists (Geologists, Geophysicists, and Petro physicists) Non Engineers (Accounting, Finance, Legal, Planning, Support) Team Leaders, Supervisors, Superintendents, and Managers Anybody who wish to know Petroleum Engineering Economic   Training Course Seminar Workshop Provider Download Training Catalog 2009

Instructor Prof. Dr. Ir. Widjayono Partowidagdo., Msc Schedule February 23-26, 2009 4 days Venue Grand Serela Hotel Bandung Tuition Fee  Rp. 7.250.000,-   per participant, excluding accommodation & tax. Registration Send by email -or- fax to: PT. FOCUS TRACO INDONESIA Wisma Pakuan, Jl. Pakuan 12 BOGOR - 16143 (021) 7009-9943   (0251) 2169-150 (0251) 7534-984 training@focustraco.com