In this Course You Will Learn To:
Identify sub-surface geological structures that impact oil & gas production, E.G. Permeability & Porosity.
Identify the ownership of subsurface mineral and resource rights based on jurisdiction and market assumptions.
Compare the fiscal regimes used in international petroleum agreements.
Describe the typical components of a lease agreement and methods used to establish royalty payments.
Compare and contrast the physical and economic characteristics associated with various reserve classifications (e.g., proved, developed, undeveloped, P90), including conventional and unconventional reserves.
Define reserve replacement and reserve life; determine their values given a set of market assumptions.
Describe the effect of various field value assumptions on bidding strategies in lease auctions.