Oil and Gas Economics Essentials: A Practical Introduction

Course overview

This five-day course gives participants a solid, practical foundation in Oil and Gas Economics. It covers the core principles, terminology, governing codes and standards, and the everyday methods used across Oil, Gas and Petroleum, explained through worked examples, short exercises and real case studies from the Gulf, Africa and international operations.

Participants leave with a clear mental model of Oil and Gas Economics, the confidence to apply it on the job and a common vocabulary to work with specialists, contractors and auditors.

Learning objectives

• Explain the principles and terminology of Oil and Gas Economics
• Apply the relevant international codes, standards and best practices
• Use the core methods, tools and calculations correctly
• Recognise common problems and how to prevent them
• Communicate confidently with specialists, contractors and auditors

Who should attend

Petroleum, process, production and drilling engineers, operators, supervisors and managers in upstream, midstream and downstream companies.

Daily outline

1. Day 1Introduction to Oil and Gas Economics: principles, terminology and context
2. Day 2Codes, standards and best practices
3. Day 3Core methods, tools and calculations
4. Day 4Practical applications and common problems
5. Day 5Workshop, case study and final assessment

Training methodology

Interactive instructor-led sessions, worked examples, group exercises, real case studies, daily quizzes and pre/post assessments. Online sessions run live with the instructor, with recordings and digital materials. Selected practical skills can be practised in immersive virtual-reality simulations on request.

Certificate: ITQAN Global Training certificate of completion for participants who meet attendance requirements and pass the assessment.

Dates and venues 2027–2030

Need other dates or another city? We run this course on demand for groups, anywhere in the world. Corporate & Custom →