Fundamentals of Petroleum Economics - Economic Analysis and Exploration

Dive into a comprehensive 51-minute lecture on Petroleum Economics presented by Dr. Omar Badawi Abu-elbashar from PetroNile Academy. Gain valuable insights into economic analysis principles, key economic indicators, exploration economics, and international E&P agreement structures. Learn about technical service agreements, production sharing contracts, and the importance of planning in the petroleum industry. Explore the effects of inflation on buying power, the relationship between investment and profit, and understand the time value of money. Master concepts such as compound interest, future value calculation, discounting, and net present value calculation. Enhance your decision-making skills in the oil and gas sector through this informative session designed for industry professionals and aspiring petroleum economists.

Introduction
Technical service agreements
Consulting services and production sharing contracts
Importance of planning and self-development
Overview of the topic: economics and petroleum economics
Principles of decision making in the industry
Effects of inflation on buying power
Relationship between investment, interest, and profit
Importance of project expenses and time of return
Understanding the time value of money and investment evaluation
Calculation of the opportunity cost and time value of money
Compound interest explained
Future value calculation and discounting
Net present value calculation