Decision and Risk Analysis in Hydrocarbon Exploration and Production

Gain the information and options available to enhance economic value and manage project risks in the hydrocarbon production industry.

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Overview

Learn how to approach modeling decisions and uncertainties that arise in oil and gas project management. These risks include those associated with estimates of hydrocarbon reserves and recovery rates, as well as the economic risks related to investment costs and oil prices. By analyzing examples and case studies, you will see strategies that work for industry leaders. In addition, software demonstrations familiarize you with the analysis tools and practices.

Energy

Examine the economics, strategy, business valuation, and finance specific to the energy industry, offering you a focused look at your field.

One-Day Focused Program

Registration begins at 8:00 a.m. and class runs 8:30 – 4:30 with a one-hour networking lunch included.

Your Location

Our Energy classes will be held “live” online and include interactive discussions and activities.

Benefits

  • Learn how risks should be incorporated into decision making in oil and gas investments
  • Understand how to frame the decision opportunity (decision hierarchies and strategy tables)
  • Model complex projects with influence diagrams
  • Learn how to do deterministic sensitivity analysis (Tornado Diagrams)
  • Develop skills using decision trees as a means of structuring risky problems
  • Gain the skills to enhance economic value and manage project risks
  • Experience hands-on work with software tools for analysis of risky decisions (Participants will be encouraged to use personal laptops.)

Topics

  • Analyzing risk as it relates to the production of hydrocarbons over the life of an oil field
  • Economic modeling
  • Incorporating risk analysis into decision making in oil and gas investments
  • Managing project risks
  • Enhancing economic value

Additional Information

Prerequisites:None
CEUs: Participants earn 0.7 CEUs and/or 7 CPEs for this course. A certificate of completion will be presented from Texas Executive Education.
Course Credits: 0.5


Faculty

James Dyer

Dr. James S. Dyer holds the Fondren Centennial Chair in Business in the McCombs School of Business.. He served as chair of the Department of Information, Risk, and Operations Management for nine years (1988-97).

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Upcoming Sessions

There are no sessions scheduled at this time. For more information about the next class date, please contact us at execed@mccombs.utexas.edu or 512-471-5893.