Overview
Petroleum Economics & Risk Analysis is part of the Oil, Gas & Petrochemicals track at Garnet Global Training Center. Upstream, midstream and downstream programs built around how plants and fields are actually run. The course is taught in English or Arabic as a 5-day or 10-day program, in classrooms in cities such as Dubai, Riyadh, Cairo, London and Istanbul, or live online, and it can be delivered in-house with examples and exercises built around your own operations.
What you will be able to do
- Explain the principles, terminology and standards that govern Petroleum Economics & Risk Analysis.
- Apply proven methods and tools to real situations from your own workplace.
- Analyse performance gaps, risks and root causes, and choose the right response.
- Measure results with practical indicators and report them clearly to management.
- Leave with a personal action plan you can start using the following week.
Who should attend
Operations, process, production and integrity engineers, supervisors and technical managers.
Key topics
- Process fundamentals and unit operations
- API, ASME and ISO standards in practice
- Operating envelopes and troubleshooting
- Integrity, corrosion and inspection
- Production optimisation and losses
- Field case studies from the region
5-day outline
Day 1 Foundations of Petroleum Economics & Risk Analysis
- Scope, terminology and governing standards
- Process fundamentals and unit operations
Day 2 Methods and tools
- API, ASME and ISO standards in practice
- Operating envelopes and troubleshooting
Day 3 Application and case studies
- Integrity, corrosion and inspection
- Field case studies from the region
Day 4 Performance, risk and compliance
- Production optimisation and losses
- Measurement and reporting
Day 5 Workshop, assessment and action plan
- Hands-on workshop on a workplace challenge
- Final assessment and personal action plan
10-day outline
Day 1 Foundations of Petroleum Economics & Risk Analysis
- Scope, terminology and governing standards
- Process fundamentals and unit operations
Day 2 Methods and tools
- API, ASME and ISO standards in practice
- Operating envelopes and troubleshooting
Day 3 Application and case studies
- Integrity, corrosion and inspection
- Field case studies from the region
Day 4 Performance, risk and compliance
- Production optimisation and losses
- Measurement and reporting
Day 5 Workshop, assessment and action plan
- Hands-on workshop on a workplace challenge
- Final assessment and personal action plan
Day 6 Advanced techniques and specialist practice
- Complex cases in depth
- Common mistakes and how to avoid them
Day 7 Digital tools, data and automation
- Analysis tools and software
- Using AI in this field
Day 8 Benchmarking against international practice
- Global performance benchmarks
- International case studies
Day 9 Capstone project
- Analyse a real challenge from your organisation
- Build the solution and implementation plan
Day 10 Presentations, final assessment and certificates
- Project presentations and review
- Final exam and certificate award
Certificate
Participants who attend at least 90% of sessions and complete the final assessment receive a certificate of completion stating 35 contact hours (5-day) or 70 contact hours (10-day).