This course provides Science, Engineering, and Business students with the main academic principles, and practical aspects to properly extend their comprehension and understanding. This course is a combination of academical and technical work experience provided by VISION organization.
First, the course gives an introduction on various definitions and tasks used in Petroleum Economics including the definition of a project, feasibility study, types of projects, how to perform a feasibility study.
The introduction also illustrates how to determine crude oil/ end products prices, marketing, oil & gas companies.
The second portion of the course discusses Upstream projects and how to conduct a feasibility study using different economic parameters.
While the third portion introduces midstream economics involving the process in midstream, identifying processing units, design and selection criteria for surface facilities.
The last portion of the course is downstream economics, it gives a detailed explanation about the process steps in the downstream segment, also discusses refinery plants, how they operate and how to make a downstream feasibility study.