Risk Analys for Upstream Petroleum Industry
*RISK ANALYSIS *
*FOR UPSTREAM PETROLEUM INDUSTRY***
*March 30th – April 1st 2010, at Aston Braga Hotel – Bandung *
*Instructor:*
*Prof. Dr. Widjajono Partowidagdo*
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*COURSE OBJECTIVE*
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.
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*COURSE CONTENT*
1. Economic Evaluation
2. Statistics for Risk Analysis
3. Types of Risk Analysis
4. Sensitivity Analysis
5. Decision Tree
6. Monte Carlo Simulation
7. Monte Carlo Simulation for Petroleum Exploration and Development
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*PARTICIPANTS*
- Financial Analyst
- Project Engineering and Economic Team
- Development Planning Team
- Geophysicist and Geologist
- Reservoir Engineers, Production Engineers
- Anybody who wish to know risk analysis for upstream petroleum industry
*DURATION*
3 days
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*INVESTMENT FEE*
IDR 6,500,000/ participants, excluded accommodation and tax.
*The course fee is included, Meals (2x coffee break and lunch), Training Kits, Training Materials (Hardcopy + Softcopy), Documentation and Certificate of Completion. ***
*INSTRUCTOR*
Widjajono Partowidagdo is a Professor in Petroleum Economics and Field Management at the Faculty of Mining and Petroleum Engineering, Institut Teknologi Bandung and a member of P3 Migas Team (Supervision for Increased Petroleum Production). 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 2 books: *Management and Economy of Oil and Gas*, 2002 and *Understanding Development and Policy Analysis*, 2004.
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*We would very much appreciate if you could join us in this course or pass this information to your colleagues who might need these courses.*
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*Zenith Training Organizer* ‘A Consultative Training To Solution’
CP:
*Gita Resmisari *(0813 1125 5272)**
*Riza Leonita *(0852 1606 6899)**
*Devi Hartyasning* (0812 911 8351)
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