Thursday, 15 October 2009

RISK ANALYSIS IN PETROLEUM BUSINES November 17-19.2009 in golden flower hotel,Bandung

Dear Distinguished Professionals,
BTCO Update Training in November 2009

November 17-19, 2009 in Golden Flower Hotel, Bandung

Petroleum business is risky business. Petroleum business risks consist
of risks affecting its profit, i.e., production, price, costs and
government take. There are geological and production risk, market
risk, technological risk and country risk.
Risk analysis is important for making decision. Risk analysis consists
of sensitivity analysis, decision tree and monte carlo simulation.
Applications for reserves estimation and for petroleum exploration and
development planning are important for upstream petroleum industry.
What Will You Learn?
 Economic Evaluation
 Statistics for Risk Analysis
 Types of Risk Analysis
 Sensitivity Analysis
 Decision Tree
 Monte Carlo Simulation
 Monte Carlo Simulation for Petroleum Exploration and Development

Who Could Participate?
 Financial Analyst
 Project Engineering and Economic Team
 Development Planning Team
 Geophysicist and Geologist
 Reservoir Engineers, Production Engineers and Drilling Engineers
 Anybody who wish to learn the course subjects

Who is The Instructor?
In this comprehensive course, you will be assisted by a compatible Instructor:
Widjajono Partowidagdo is a Professor in Petroleum Economics and Field
Management at the Faculty of Mining and Petroleum Engineering,
Institut Teknologi Bandung (ITB), a member of National Energy Council,
a member of Supervision Team for Increasing Petroleum Production at
Ministry of  Energy and Mineral Resources and advisor for Association
of Petroleum National Companies and Indonesian Petroleum Engineers
He was the Head of the Research Group in Drilling and Production
Engineering and Management of Oil and Gas at the Faculty of Earth
Sciences and Mineral Technology, ITB from 2005-2007, Head of Graduate
Program in Development Studies ITB from 1993-2004, Vice Dean for
Academic Affairs, Faculty of Mining Technology and Senate Member of
ITB from 1994-1997 and Coordinator for Research in Sustainable
Development at the Inter-University Center for Economics, University
of Indonesia from 1989-1992.
He received his Bachelor in Petroleum Engineering from ITB, MSc in
Petroleum Engineering, MSc in Operations Research, MA in Economics and
PhD with a dissertation on "An Oil and Gas Supply and Economics Model
for Indonesia" from the University of Southern California, Los
Angeles, USA.
He has written three books (in Indonesian):  Management and Economy of
Oil and Gas, 2002; Understanding Development and Policy Analysis,
2004; and Petroleum and Energy in Indonesia, Problems and Policy
Analysis, 2009. He was a coordinating author of Agenda 21, Energy for
Sustainable Development, Coordinating Ministry of Environment and
UNDP, 2000.
(Exclude accommodation)
Registration until November 09, 2009

Golden Flower Hotel, Bandung
Jl.Asia Afrika 15 - 17 Bandung
Phone: 022 423 9999, fax: 022 420 9889
For additional course dates and locations, and registration please contact:
Office Complex 3rd Floor, Hotel Salak The Heritage,
Jl. Ir. H. Juanda No. 8 Bogor, 16121
Ph: +62 251 8330153; Fax: +62 251 8346940

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