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Petroleum Economics

In this module you will learn:

  • The business models of upstream, midstream, and downstream business units
  • How each business stream makes revenue and is influenced by macroeconomics
  • The business stream units that different types of companies operate within
  • The variables that contribute to fluctuations in world crude oil prices and the common crude oil and natural gas pricing indexes.
  • The factors considered in forecasting commodity prices and the relationship between price, investment, drilling rig counts, number of wells, and supply.
  • Trends in world energy supply and demand.
  • How upstream businesses evaluate prospective sites before drilling new crude oil and natural gas wells
  • The factors involved in financial decision making for new oil wells
  • How to complete a financial model of cash flow for an oil well
  • How to calculate rates of return on investments in new supplies


To Successfully complete this module, the learner is required to complete each lesson as well as the quiz with a minimum of 70%.

To Register for this course interested persons can visit our location at:

9 Camp Street, Newburg, Georgetown, Guyana For additional Information

Contact us at:

+592 – 709 – 1772

+592 – 225 – 8271

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Level: Beginner





Working hours

Monday 9:00 am - 4.30 pm
Tuesday 9:00 am - 4.30 pm
Wednesday 9:00 am - 4.30 pm
Thursday 9:00 am - 4.30 pm
Friday 9:00 am - 4.30 pm
Saturday 9:30-12:00 pm
Sunday Closed


Working hours

Monday 9:30 am - 4.30 pm
Tuesday 9:30 am - 4.30 pm
Wednesday 9:30 am - 4.30 pm
Thursday 9:30 am - 4.30 pm
Friday 9:30 am - 4.30 pm
Saturday 9:30 an - 12:00 pm
Sunday Closed