ㅇ 교 육 명 :「Petroleum Economics and Risk Analysis」
ㅇ 교육기관 : CWC School For Energy Limited
ㅇ 교육일시: 2012.4.23(월) ~ 4.27(금), 9:00~17:00
ㅇ 교육장소 : 해외자원개발진흥재단 석유가스교육연구센터(역삼동)
ㅇ 강 사 : Ms. Jenny B. Spalding
- Harvard University, U.S.A, MS 공공정책(Public Policy) 전공
- Tulane University, U.S.A., MS 석유공학&경제학(Petroleum Engineering & Economics)
- BS 지질공학(Geological Engineering), Princeton University, U.S.A.
- 현재 Saudi ARAMCO에서 시니어 석유공학자이자 관리사업부문 경제부문 경제학자로 활동하고 있음.
- World Bank, CERA(Cambridge Energy Research Associates), ARAMCO(Arabian American Oil Compnay),
SHELL Oil에서 근무
ㅇ 주요 교육과정
<Day 1 : Pre Course Assessment>
- Introduction
- Inflation
- Simple and Compound Interest
- The Time Value of Money
- Spreadsheet Applications : Excel financial functions
- Problems and solutions : Inflation, interest and time value of money
<Day 2 : Problems and solutions - Inflation, interest and time value of money>
- Before-Tax(BTAX) Cash-Flow Models
- After-Tax Cash-Flow Models
- Nominal and Real Cash-Flow
- Spreadsheet Applications : Excel financial functions
- Case Study : Building BTAX economics model
<Day 3 : Profitability / Economic Indicators / Capital Budgeting Techniques>
- Cumulative net cash-flow
- Typical profitability indicators
- Review of economic evaluation models
- Funds Flow and Discounting
- Limitation of Profitability Indicators
- Weighted Average Cost of Capital(WACC)
- Relationship between Cash-Flow and WACC
- Netback Pricing
- Problems and solutions - Profitability indicators & ATAX cash-flow
<Day 4>
- Advanced International Petroleum Economics
- Economic Assessment of International Contracts
- Investment Selection Decision Making
- Decision Analysis
- Probability Concept
- Spreadsheet Applications : Excel Probability Functions
- Problems and Solutions : PSA, Royalty/Tax Systems, Decision-Making
<Day 5>
- Decision Trees
- Value of Information
- Simulation in Decision Analysis
- Case Studies
- Problems and Solutions : Expected Value and Simulation
- Post Course Assessment
