Course in Economics’ Foundations of Oil Industry
1Summary
The Arab British Fellowship Training Academy offers a course on the fundamentals of oil industry economics for participants to understand the economic principles that drive the oil sector's success in the 21st century. The course will begin with a presentation of basic economic theory and the development of its applications for financing, discovering, developing, transporting, and marketing energy resources. The impact of these applications on the success or failure of the organization will also be considered. Additionally, the course will include real-life examples, experiences, and case studies, enabling all participants to learn and discuss these topics collectively.
2Objectives and target group
Arab British Fellowship Training Academy offers this course to the following categories:
- Juniors in an oil field.
- Directors ,officials ,and investors
- The interested in oil and gas industries.
After completing the program, participants will be able to master the following topics:
- Understand main economic principles of oil industry.
- Learn analyzing methods and making decision in investment capital and increase stockholders’ profit
- Develop applications the basic economic theory
- Collect real experience and survey concerning oil industry
3Course Content
- Main economic concepts of oil industry
- Cash flows and methods of analyzing a profit
- Implement basic financial economic accounting processes
- Global energy economics
- Analyzing a competitive oil
- Institution theory in the oil sector.
- Depreciation and resource costs
- Joint projects
- Analyzing sunken cost.
- Variable and fixed costs
- Discount
- Capital cost
- Portfolio management in an oil industry.
- Planning for quality
- Define strategy ,establish framework ,and define high risks by using analyzing kind and effect of failure
- Survey concerning analyzing kind and effect of failure
- Which makes a quality plan
- Establish an applicable practical quality plan
- Effective implement for quality plans.