Overview
Understand the fundamentals of petroleum economics and project valuation, Apply NPV, IRR, DCF, and cash flow analysis to oil and gas investments, Evaluate development concepts using risk, scenario analysis, and fiscal regimes, Make strategic project decisions based on economics, timing, and uncertainty, Interpret CAPEX, OPEX, production profiles, and cash flow behavior, Think like a value-focused engineer, economist, and project decision maker
Petroleum engineers and oil & gas professionals, Project managers and development engineers, Economists and financial analysts working in energy, Business professionals involved in energy investments, Strategy, planning, and corporate development teams, Graduate students in petroleum engineering, energy economics, or MBA programs, Anyone interested in oil & gas project economics, risk, and strategic decision making
This course starts from fundamentals and gradually builds toward advanced petroleum project evaluation and strategic decision making.
Petroleum projects are approved—or rejected—not just on technical excellence, but on economic value, risk, and timing. Many technically sound projects fail because they do not meet economic or investment criteria.
This course helps engineers and technical professionals understand how petroleum projects are evaluated economically in the real world. It focuses on practical decision-making, not academic formulas, explaining how NPV, cash flow, discounting, risk, and fiscal regimes are actually used in industry.
You will learn how engineering decisions directly affect project economics, investment approval, and final sanction outcomes—using clear logic, realistic examples, and an integrated case study.
No advanced mathematics. No finance background required.
What You’ll Learn
How petroleum projects create or destroy economic value
How to interpret NPV, IRR, payback, and cash flow
Why timing and early production dominate project economics
Key CAPEX, OPEX, and production drivers
Time value of money and discounting—without heavy math
Major sources of risk and uncertainty
Sensitivity and scenario analysis for downside risk
Impact of fiscal regimes (PSC, concession, service contracts)
How economics, risk, and fiscal terms shape real decisions
How to communicate effectively with managers and decision-makers
How to apply economic thinking to engineering design choices
Who This Course Is For
Petroleum, reservoir, drilling, production, facilities, and subsea engineers
Project engineers and project managers in oil & gas
Technical professionals moving into leadership roles
Engineers preparing for FID reviews, project approvals, or interviews
Who This Course Is Not For
Advanced mathematical petroleum economics learners
Finance or accounting specialists
Spreadsheet-heavy financial modeling seekers
Course Approach
Engineer-to-engineer explanations
Decision-focused, not academic
Realistic industry logic
Risk-aware, not optimistic
Designed for real projects and real careers
Ahmed Bakr
-Experienced Subsea Engineer with a demonstrated history of working in the oil & energy industry. Joined the Oil and Gas Sector in 2009, Subsea Sector in 2012.
-Bachelor of Mechanical Engineering (Hons), University Technology Petronas, Malaysia, 2010.
-Masters of Subsea Engineering (Distinction), the University of Aberdeen, Scotland, 2019.
-My areas of experience in the Subsea field include: (Subsea Operations, Subsea Intervention, IRM, Subsea Construction & Installation, Pipelaying, Drilling Support, Umbilical Shore Pull, and technical review on Subsea concepts).
- Author of Remotely Operated Vehicles (ROVs) Current Systems, Future Trends, and Operational Challenges
-Founder of SubseaAr, A blog for subsea engineering in Arabic.
-Co-Founder of the Egyptian Society of Subsea Engineers.