Every major decision in the oil & gas industry is influenced by economics.
From evaluating investment opportunities and selecting development concepts to assessing project returns and optimising portfolios, petroleum economics provides the foundation for making informed commercial decisions.
For professionals involved in Field Development Planning and Portfolio Planning, understanding how projects are evaluated, how PSC structures influence value and how risks affect investment decisions is essential.
SEMARAK Training’s Petroleum Economics Masterclass provides a comprehensive view of petroleum economics, combining fundamental principles with practical application. The programme covers petroleum contracts, Malaysian PSCs, taxation, project evaluation, incremental analysis, risk and portfolio optimisation.
Build the Knowledge to Make Better Investment Decisions
Petroleum economics goes beyond calculating project returns.
It requires an understanding of how different fiscal structures, development options, costs, oil prices and risks can influence the overall value of a project.
Across six days, the masterclass takes participants from the fundamentals of petroleum economics to more advanced applications used in day-to-day project evaluation.
The programme is delivered in two levels, allowing participants to attend either course individually or complete the full masterclass:
- Fundamentals of Petroleum Economics — 17–19 November 2026
- Application of Petroleum Economics — 24–26 November 2026
Participants will work through exercises, case studies and spreadsheet-based activities to strengthen their understanding and apply petroleum economics concepts in practical situations.
What You Will Gain
Through this programme, participants will gain:
- A stronger understanding of petroleum economics and project evaluation
- Practical knowledge of cash flow, petroleum contracts and economic indicators
- Greater understanding of Malaysia’s Production Sharing Contract (PSC) mechanisms
- Insights into cost recovery, profit sharing, taxation and PSC value drivers
- The ability to understand and apply incremental project analysis
- Greater awareness of risk analysis and the impact of different economic assumptions
- An understanding of portfolio analysis and portfolio optimisation
- Practical exposure through exercises, case studies and spreadsheet-based activities
The programme also provides participants with practical insight into situations where the most intuitive economic outcome may not always be the correct one, including the effects of incremental analysis and changing oil price assumptions.
Who Should Attend?
This programme is designed for professionals involved in Field Development Planning, Project Planning and Portfolio Planning who need to understand how economic considerations influence upstream investment decisions.
It is especially valuable for:
- Front-end Engineers
- Geologists
- Reservoir Engineers
- Managers
- Planners
- Lawyers
- Field Development Planning project teams
- Portfolio Planning professionals
The programme is particularly relevant for professionals seeking to:
- Strengthen their understanding of petroleum economics
- Improve project evaluation and investment decision-making
- Better understand Malaysian PSC commercial mechanisms
- Identify opportunities to maximise project and contractor value
- Develop stronger portfolio evaluation and optimisation capabilities
Secure Your Place
Course: Petroleum Economics Masterclass
Date: 17–19 & 24–26 November 2026
Duration: Six days
Location: Kuala Lumpur
Participants may register for either Fundamentals of Petroleum Economics, Application of Petroleum Economics, or the complete Petroleum Economics Masterclass. Both individual courses are HRD Corp claimable.
Economics shapes how upstream projects are evaluated, selected and optimised.
Build the knowledge required to understand project value, evaluate investment decisions, navigate PSC economics and make more commercially informed decisions.
For more information: https://share-na2.hsforms.com/1ekb4vyinQyaFcBqXWjfivw54vwz
