4.6 Read 22 reviews
Overview
No matter how excellent the design and the engineering are, any project will not be approved unless we quantify and control the risk parameters. Petroleum industry, is amongst the high risks industry, from both surface and subsurface prospects.
The objective of this course is to develop the expertise of the relevant engineers and practitioners in the oil and gas industry in the area of risk/uncertainty analyses and their relation to decision making process.
This adopted approach in this course will improve their skills to utilize all available information about the hydrocarbon accumulation and other related economic tools in depicting a realistic projection of the oil & gas ventures with greater business success. It will also provide an overview of the methodologies, philosophies, data required, interpretations and procedures employed to reach specific goals.
Objectives
Upon completion of this Uncertainty, Risk, and Decision Analysis in the Petroleum Industry programme of Universiti Teknologi PETRONAS, participants will be able:
- Understand uncertainties surrounding the petroleum industry and consequently the magnitude of the risk taken to invest in this vibrant industry.
- Identify, quantify, and analyze risk parameters that are contributing to risking any of the decisive key economic indicators like NCF, IROR, Pay Out Time, Maximum Exposure, Maximum Surplus, STOIIP, GIIP, Revenue, RF, CAPEX, OPEX, Oil & Gas Prices etc.
- Utilize with confidence at least one of the commercial risk analysis simulators (Monte Carlo); @Risk, Crystal Ball, etc.
Programme Structure
Courses include:
- Petroleum Industry Overview
- Economic Equation
- Implication of Uncertainty, Risk and Decision Analysis
- Investment Decision Making
- Phases of Typical Risk Analysis of Petroleum Project
- Utilization of Monte Carlo Simulator
Key information
Duration
- Full-time
- 3 days
Start dates & application deadlines
We did our best, but couldn't find the next application deadline and start date information online.
Language
English
Delivered
On Campus
Campus Location
- Seri Iskandar, Malaysia
Disciplines
Business Intelligence Risk Management Mining, Oil & Gas View 5 other Short Courses in Mining, Oil & Gas in MalaysiaWhat students do after studying
Join for free or log in to access our complete career info list.
Academic requirements
We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.
English requirements
We are not aware of any English requirements for this programme.
Other requirements
General requirements
Who should attend?
- Upstream and Downstream Professional
- Petroleum Engineer
- Drilling Engineer
- Reservoir Engineer
- Production Engineer
- Geologists
Student Insurance via Studyportals Partner
Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items like Additional medical costs, Repatriation, Liability etc. Make sure your student insurance covers your needs.
Studyportals partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.
Get your student insurance nowStarting from €0.53/day, free cancellation any time.
Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at University Teknologi PETRONAS and/or in Malaysia, please visit Student Insurance Portal.
Tuition Fees
Additional Details
- Price: Free
Funding
Improve page content