Economics Courses

Quartic’s economics course focuses on the cash flow of the oil and gas industry - where money is spent, where it is earned and what we can do to minimize risk.

The oil and gas industry is a capital intensive industry often requiring investments of many billions of dollars in single projects. At the same time, it presents various risks and challenges not least of which is the seemingly ever-changing international oil price. Quartic’s economics course focuses on the cash flow of the oil and gas industry – where money is spent, where it is earned and what we can do to minimize risk.

All prices are net, VAT will be added where applies.

The Economics of the Oil and Gas Industry

Length: 2-5 online sessions of approx. 2.5 hours depending on client requirements. (this course can be customised to client requirements)

An introduction to the economics of the oil and gas industry. This course is suitable for students who have limited experience of the commercial and economic areas of the oil and gas industry and who are new to concepts such as NPV and IRR. The course gives student a chance to utilise and adapt simple cash flow models (in MS Excel) and to investigate the economic performance of real life projects based on published information.

Subjects covered include:
• Overview of Oil and Gas Value Chains;
• Exploration and Production;
○ Concessions;
○ Production Sharing Agreements;
○ Economics of E&P;
• Pricing of Oil and Natural Gas;
○ Marker Crude Oils and Price Differentials;
○ Options for Pricing of Natural Gas;
• Gas Hub Linked Pricing;
• Oil Indexation;
• Other Options for Gas Pricing;
• Refinery Economics; Valuing crude oils and Refining Margins;
• Project Economics – NPVs, IRRs and other measures;
• Case Studies of various oil and gas projects;
• Valuation of Oil and Gas Assets;
• Financing Oil and Gas Projects.






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