Course & Workshop

April 13-17, 2025

Instructor : Ismail Mahgoub, Ph.D.

WHO SHOULD ATTEND

Reservoir and Petroleum Engineers, Geologists, GeoScientists, Managers and Supervisors.

Course Outlines

Part 1: Presentation:
• Feature of Petroleum Industry
Field life stages, upstream and downstream activities, crude oil benchmark, oil and gas reserves around the world.
• Basic Concept in Petroleum Economics
Project life, Project Finances and Analysis, Cash Flow Model and Analysis, Break- Even Oil Price, Depreciation Methods, Petroleum Contracts Regimes (PSC, Royalty….) and Cash Flow Profile.

Exercises.

Part 2: Presentation:
• Oil and Gas Reserve Estimation and Production Forcaste Techniques.
Over View of E&P Life Cycle. Oil and Gas Resources Classification and Reserve Estimation Techniques along the filed life (Analoge, Decline curve, Material Balance Equation, Transient well test & Reservoir Simulation).

Exercises.

Part 3: Presentation:
• Adjustment of Net Cash Flow
Correction for Inflation, Time Value of Money, Net Present Value, IRR Calculations.

Exercises

Part 4: Presentation:
• Risk and Uncertainty in Petroleum Industry
Risk and Uncertainty, Types of Risk, Probability of Success, Farm Out Decision, Expected Value & Decision Tree Analysis, Uncertainty and Sensitivity Analysis, Spider and Tornado Diagrams, Monte-Carlo Simulation.

• Economic Profitability Indicators
IRR, NPV, PBT, PIR.

• Overview on Petroleum Agreements.

Exercises

Part 5:

• Work Shop
Cash Flow Analysis of a typical Development Plan

• Introduction to Petroleum Economic Evaluation Program (PEEP)

LOCATION

First day will be held at the Holiday Inn Maadi Hotel, in Cairo. The participants will fly the next day to Hurghada. The course will be continued in Hurghada.

COURSE FEES

Inclusive of refreshment and lunch at the Holiday Inn Maadi Hotel. Air Ticket Cairo/Hurghada return and accommodation in Hurghada.

INSTRUCTOR PROFILE

Dr. Ismail Mahgoub got PhD. from university of Nancy, France. Member of the society of Petroleum Engineers of the AIME and Member of the Supreme Council of universities in Egypt.
Dr. Ismail Mahgoub is a former associate professor of Petroleum Engineering at the Faculty of Engineering, Cairo University. He received M.Sc. and PhD degrees in Reservoir Engineering from CNRS, INPL, Nancy France in 1979 and 1982 respectively.

Dr. Mahgoub is a Petroleum Engineer with more than 35 years of extensive experience at several oil basins on the earth. He started his practical professional career in parallel to his academic occupation.

Since 1983, he has approached the industrial petroleum sector by presenting his reservoir engineering consultancy services at GUPCO, K h a l d a , KPC, WEPCO, Egypt and KOC Kuwait. Dr. Mahgoub is the author and/or co-author of tens of papers in the most refereed bulletins and journals and has presented several papers at international conferences.

Dr. Mahgoub expressed valuable experience in the continuing education domain. In this respect , he instructed tens of petroleum engineering technical courses in Algeria, Syria, Tunisia, UAE, Qatar, Kuwait, France, Spain, KSA and Yemen, South Sudan.

Dr. Mahgoub is more than a 35 years SPE active member. He is a member of the Supreme Council of Universities in Egypt (Engineering Education Sector) since 2008 till now

Dr. Mahgoub is currently occupying the position of Professor and Pet Eng Dept Head, at the Future University in Egypt, (FUE).