Petroleum Economics Modelling

This course will enlighten participants on petroleum economics, cash flow analysis, economic models and spreadsheet design, managing risks and uncertainty as well as decision analysis. Also covered is and project evaluation and financial modeling.

Start date

Coming soon
Register now


Face to face:


Haula Bayigga


USD 800
USD $16000 (Organisations)
How to pay

Course Outline

  • Production Profiles, Project Cash Flow & Profitability
  • Unit Cost, Break evens Prices, Tariffs
  • Inflation & Exchange Rate
  • Time Value of Money and DCF Method of Valuation
  • Exploration Economics, Appraisal & Value of Information
  • Decommissioning Economics
  • Economic Indicators for Decision Making
  • Modeling a royal/ Tax concession in Excel
  • Modeling a PSC in Excel
  • Sensitivity and Scenario Analysis
  • Introduction to Petroleum Contracts
    • Royalty/Tax Concessions
    • Production Sharing Contract
    • Risk Service Contracts

Target students

Introduction to the energy industry is designed for:

  • regulators and government officials
  • ENERGY industry professionals new to the industry
  • Non professionals enthusiastic about the energy industry. 

Meet your tutor

Muktar Rahman

Mr. Muktar is a 5 years experienced petroleum Economist who has extensive experience in modelling different fiscal regimes, conducting economic evaluation of assets to identify commercial value drivers and assisting clients in commercial negotiations using modelling software like CASH, FINANCIALS and Plan.

He also has expertise in Specialties including: Petroleum Economics, Investment Appraisal, and Macroeconomics & Commodities Research  Regulatory Audit


Study now

Sign up

Sign up for a course of your choice by filling in the online registration form

How to pay

Fees are payable in 3 ways. 
  • Online
  • Over the counter – Banks
  • Mobile money – Ugandans

    Meet the team

    Irene Kawala
    Coordinator, Corporate Academy
    Cell Phone: +256 759 793 968
    Skype: irenejj35

    Haula Bayigga
    Coordinator: School of Energy and Hydrocarbons


    Our next intake is coming soon