*Dear Distinguished Professionals,*
*BTCO Training*
* *
*RISK ANALYSIS IN PETROLEUM BUSINESS*
*March 23-25, 2010 in Grand Seriti Boutique Hotel, Bandung*
*
*
*Background*
Petroleum business is risky business. Petroleum business risks consist of
risks affecting its profit, i.e., production, price, costs and government
take. There are geological and production risk, market risk, technological
risk and country risk.
Risk analysis is important for making decision. Risk analysis consists of
sensitivity analysis, decision tree and monte carlo simulation. Applications
for reserves estimation and for petroleum exploration and development
planning are important for upstream petroleum industry.
*What Will You Learn?*
[image: *] Economic Evaluation
[image: *] Statistics for Risk Analysis
[image: *] Types of Risk Analysis
[image: *] Sensitivity Analysis
[image: *] Decision Tree
[image: *] Monte Carlo Simulation
[image: *] Monte Carlo Simulation for Petroleum Exploration and
Development
*Who Could Participate?*
[image: *] Financial Analyst
[image: *] Project Engineering and Economic Team
[image: *] Development Planning Team
[image: *] Geophysicist and Geologist
[image: *] Reservoir Engineers, Production Engineers and Drilling
Engineers
[image: *] Anybody who wish to learn the course subjects
*Who is The Instructor?*
In this comprehensive course, you will be assisted by a compatible
Instructor:
*Widjajono Partowidagdo *is a Professor in Petroleum Economics and Field
Management at the Faculty of Mining and Petroleum Engineering, Institut
Teknologi Bandung (ITB), a member of National Energy Council, a member
of Supervision Team for Increasing Petroleum Production at Ministry of
Energy and Mineral Resources and advisor for Association of Petroleum
National Companies and Indonesian Petroleum Engineers Association.
He was the Head of the Research Group in Drilling and Production Engineering
and Management of Oil and Gas at the Faculty of Earth Sciences and Mineral
Technology, ITB from 2005-2007, Head of Graduate Program in Development
Studies ITB from 1993-2004, Vice Dean for Academic Affairs, Faculty of
Mining Technology and Senate Member of ITB from 1994-1997 and Coordinator
for Research in Sustainable Development at the Inter-University Center for
Economics, University of Indonesia from 1989-1992.
He received his Bachelor in Petroleum Engineering from ITB, MSc in Petroleum
Engineering, MSc in Operations Research, MA in Economics and PhD with a
dissertation on “An Oil and Gas Supply and Economics Model for Indonesia”
from the University of Southern California, Los Angeles, USA.
He has written three books (in Indonesian): *Management and Economy of Oil
and Gas*, 2002; *Understanding Development and Policy Analysis*, 2004;
and *Petroleum
and Energy in Indonesia, Problems and Policy Analysis, *2009. He was a
coordinating author of *Agenda 21, Energy for Sustainable Development*,
Coordinating Ministry of Environment and UNDP, 2000.
*Registration Fee*:
(Exclude accommodation)
Registration until March 15, 2010
o *US$ 770*,-/participant
*TRAINING VENUE *
Golden Flower Hotel, Bandung
Jalan Hegarmanah no 9-15 Setiabudi, *Bandung***
*Phone*: +62 22 2041680. Fax: +62 22 2041681
For additional course dates and locations, and registration please contact:
*EVA, MOBILE PHONE: +62 852 2871 7342*
*SERUNI dINITRI, mOBILE PHONE:+62 817 9003 111*
Office Complex 3rd Floor, Hotel Salak The Heritage, Jl. Ir. H. Juanda No. 8
Bogor, 16121
Ph: +62 251 8330153; Fax: +62 251 8346940
*Email: <a
href=”mailto:btco@oilgastraining.com”>btco@oilgastraining.com*
