This course is designed to introduce participants to the fundamentals of petroleum economics and project selection. It covers key concepts such as net present value (NPV), cash flow fundamentals, common economic indicators, capital expenditures (CAPEX), operating expenditures (OPEX), and Internal Rate of Return (IRR).

The course emphasizes practical learning through hands-on exercises using Excel. Participants will build and analyze two realistic economic evaluation models and work through case study–based examples to reinforce the concepts discussed.By the end of the course, attendees will have a solid understanding of basic petroleum economic principles and the practical skills needed to evaluate and compare upstream investment opportunities.