Overview
Syllabus
Introduction
Technical service agreements
Consulting services and production sharing contracts
Importance of planning and self-development
Overview of the topic: economics and petroleum economics
Principles of decision making in the industry
Effects of inflation on buying power
Relationship between investment, interest, and profit
Importance of project expenses and time of return
Understanding the time value of money and investment evaluation
Calculation of the opportunity cost and time value of money
Compound interest explained
Future value calculation and discounting
Net present value calculation
Taught by
PetroNile Academy