This course covers the fundamental principles of economics and engineering related to petroleum reservoirs. This course will review the concepts of petroleum reserves, the time value of money and their applications for evaluating investment situations. These techniques can be used to systematically qualify the relative economic merits of investment opportunities.

During this course, a number of analytical, empirical and numerical methods for estimating volumetric performances of petroleum reservoirs under uncertainties will be discussed. Field case studies will be provided to illustrate the field application of the petroleum economic evaluations and project investment decision-making concepts, methods, processes and practices

This course is designed for project engineers, geoscientists, reservoir engineers, production engineers, petroleum engineers, planning and development analysts, business planner, and senior to executive managers.

Environmental Management refers to the process of overseeing and regulating an organization’s activities, resources, and policies to ensure they align with environmental sustainability goals, minimize negative impacts on the environment, and comply with relevant regulations and standards. It involves systematic planning, implementation, monitoring, and improvement of practices to protect and conserve natural resources while maintaining or improving operational efficiency.

Environmental management is essential across various sectors, including industries, agriculture, construction, and service sectors, as it contributes to sustainable development and helps mitigate the negative impacts of human activities on the planet’s ecosystems. Organizations that effectively implement environmental management practices can achieve improved operational efficiency, reduced costs, enhanced reputation, and contribute positively to environmental conservation.