Date: 18–20 August 2026
Venue: Imperial Lexis Kuala Lumpur
Participating organisations: Mubadala Energy and PTTEP Sarawak Oil Limited
SEMARAK Training successfully conducted the Fundamentals of Petroleum Economics programme from 18 to 20 August 2026 at Imperial Lexis Kuala Lumpur.
The three-day programme brought together professionals from Mubadala Energy and PTTEP Sarawak Oil Limited, providing participants with essential knowledge of petroleum economics and its application within the upstream oil and gas industry.
Throughout the programme, participants strengthened their understanding of how economic evaluation supports investment, project development and commercial decision-making.
Understanding Petroleum Economics in Upstream Oil & Gas
Petroleum economics plays an important role in determining the commercial viability of upstream oil and gas projects. It provides the framework for evaluating project value, assessing risks and supporting informed investment decisions.
The programme covered fundamental concepts of petroleum economics, including cash flow principles, petroleum fiscal systems, Malaysian Production Sharing Contracts (PSCs), profitability indicators, risk analysis and portfolio considerations.
Participants also explored how different economic factors can influence project outcomes and investment decisions throughout the upstream project lifecycle.
Key Areas Covered
The programme covered several important areas of petroleum economics, including:
- Cash flow principles and economic evaluation
- Petroleum fiscal systems
- Malaysian Production Sharing Contracts (PSCs)
- Profitability indicators
- Risk analysis and uncertainty
- Investment and development decision-making
- Portfolio considerations and economic evaluation
A Practical and Interactive Learning Experience
The programme combined technical presentations, interactive discussions, practical exercises and industry-focused examples.
This approach allowed participants to apply petroleum economics concepts to realistic upstream scenarios. It also provided opportunities to examine how economic assumptions, fiscal terms and project risks can influence the overall attractiveness of an investment opportunity.
Through these activities, participants developed a clearer understanding of how economic analysis can be applied to support project selection, development planning and commercial decision-making.
Supporting Better Upstream Investment Decisions
By the end of the programme, participants had strengthened their ability to understand and apply key petroleum economics concepts in an upstream oil and gas context.
SEMARAK Training extends its appreciation to all participants from Mubadala Energy and PTTEP for their active participation, valuable discussions and contributions throughout the programme.
Your diverse industry experiences and perspectives contributed to an engaging and meaningful learning environment.
We remain committed to delivering practical and industry-relevant training that strengthens professional capabilities and supports better decision-making across the oil and gas industry.
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