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This course iluustartes that tools and technique for doing economic study for any petrleum projects. The economic tools like , NPV, MIRR, Payout method and other will be presented. The probabilstic economic study that are using in petroleum project to cover quantitative risk assessment will be discussed. The motecarlo su=imualtion technque as the main tools for risk assessment and apply it by using software like Crystal ball software from Oracle
About principal about financial issue
the basic of economic analysis
howb to use the tools of economic analysis
how to use decision tree and know about EPV
the student will be familiar with probability distribution and the risk assessment
how to use montcarlo simulation for risk assessment
how to use a software to do montecarlo simulation for risk assessment
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