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TOOLS & TECHNIQUES FOR MANAGING RISK & UNCERTAINTY
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Period |
18/11/2024 - 22/11/2024 |
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Place |
Kuala Lumpur - Malaysia
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Fees |
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Assessing and managing investments involves the interaction of many variables. This course introduces all these variables and the methods of assessing the petroleum projects in scope of risk analysis and uncertainty. These variables are about reservoir characteristics, soil characteristics, and financial issue. It presents the basic principal of petroleum investment and all the factors effecting the economic of the oil projects as the international investment agreement, taxes, and money value with time.
The course will go through the tools that control the time and cost to mange the project risk and discuss how to apply the total quality management in the project. The main items of the modern technique in project management will be discuss in the course.
This course is intended for petroleum, facilities and project engineers who are interested in the area of evaluating the projects and calculating risk assessment for petroleum project investment. This course enables delegates already familiar with petroleum industry, the decision tree methods and all economical and statistics terms used in evaluating petroleum project related to economics point of view. So the intendees will have the capability to take the decision of investment based on economics risk assessment.
The method of evaluation will be done by using crystal ball program which is based on Monte-Carlo simulation technique.
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