Master the intersection of energy, economics, and strategy with the Chartered Petroleum Economist program, designed for professionals seeking the globally ...
recognized CPE designation from the Global Academy of Finance and Management (GAFM).
Master the intersection of energy, economics, and strategy with the Chartered Petroleum Economist program, designed for professionals seeking the globally recognized CPE designation from the Global Academy of Finance and Management (GAFM). This course delivers advanced expertise in petroleum economics, covering market analysis, valuation techniques, strategic operations, and sustainability—preparing you to navigate one of the world’s most complex and vital industries.
Course Format
Total Modules: 8 Duration: 40 minutes Assignments: Case studies, project simulations, and applied industry exercises
Question Types
True/False: Evaluate your understanding of petroleum industry facts, trends, and economic principles.
Multiple Choice: Test your knowledge on petroleum valuation, market dynamics, and project management.
Single Choice: Select the most appropriate solutions for real-world petroleum economic challenges.
Modules Overview
Module 1: Introduction to Petroleum Economics
Overview of Petroleum Economics: Scope, history, and significance in global markets
Economic Principles Applied to the Petroleum Industry: Supply, demand, and elasticity in energy
The Role of Petroleum Economics in Global Energy Markets Case Study: The economics of oil price shocks Practical Activity: Map the economic value chain of a petroleum company
Module 2: Oil and Gas Market Analysis
Market Structures and Dynamics in the Petroleum Sector: Oligopolies, cartels, and competition
Pricing Mechanisms and Market Trends: Spot prices, futures, and geopolitical influence
Demand and Supply Analysis for Oil and Gas Case Study: Analyzing OPEC’s influence on global oil markets Practical Activity: Build a supply-demand forecast for crude oil prices
Module 3: Economic Modeling of Petroleum Resources
Techniques for Valuing Petroleum Reserves: NPV, discounted cash flow, and reserve classification
Economic Evaluation of Exploration and Production Projects
Risk Assessment and Financial Modeling in Petroleum Investments Case Study: Valuation of a deepwater offshore oil field Practical Exercise: Create a financial model for a new exploration project
Module 4: Strategic Management of Petroleum Operations
Developing and Implementing Petroleum Strategies
Project Management and Optimization in the Petroleum Sector
Evaluating Operational Efficiency and Cost Management Case Study: Optimizing refinery operations for maximum profitability Practical Exercise: Draft a strategic operations plan for a midstream petroleum company
Module 5: Regulatory and Geopolitical Influences
Understanding Regulatory Frameworks and Compliance in Petroleum Operations
Impact of Geopolitical Factors on Petroleum Economics
Navigating Legal and Environmental Regulations Case Study: How sanctions affect petroleum export economies Practical Exercise: Create a compliance checklist for a multinational petroleum firm
Module 6: Sustainability and Environmental Impact
Principles of Sustainable Petroleum Economics
Assessing and Mitigating Environmental Impact of Petroleum Projects
Implementing Sustainable Practices in Petroleum Operations Case Study: Transition strategies for oil companies in the era of renewable energy Practical Activity: Develop a sustainability plan for an offshore drilling company
Module 7: Risk Management and Forecasting
Techniques for Forecasting Oil and Gas Market Trends
Risk Management Strategies for Petroleum Projects
Using Economic Models for Decision-Making Case Study: Managing risk in volatile crude markets Practical Exercise: Build a scenario analysis model for oil price fluctuations
Module 8: Ethics and Professional Development in Petroleum Economics
Ethical Issues and Professional Responsibilities in the Petroleum Industry
Promoting Integrity and Transparency in Petroleum Transactions
Continuous Learning and Career Development Opportunities Case Study: Ethical dilemmas in resource-rich developing countries Practical Activity: Draft a petroleum sector ethics charter
Target Audience
Petroleum Industry Professionals: Managers, analysts, and engineers looking to strengthen their economics and strategy skills.
Energy Economists: Individuals seeking specialized knowledge in petroleum market analysis and valuation.
Policy Advisors & Consultants: Professionals advising governments or corporations on petroleum policy and investment.
Benefits
Gain advanced expertise in petroleum valuation, market dynamics, and project economics.
Develop strategic and operational decision-making skills for the petroleum sector.
Learn risk management and forecasting methods to navigate volatile energy markets.
Earn a globally recognized credential to boost career progression in energy and economics.
