Registration Fee : 16,900 Baht ( Vat 7% not included )

This fee does not include 7% VAT, accommodation, and transportation, but include 2 break and a lunch during the session day, instruction andinstructional materials.

Basic Petroleum Economics Basic Petroleum Economics (Code: BM02)(Code: BM02)

T e c h n i c a l P e t r o l e u m T r a i n in g I n s t i t u T e c h n i c a l P e t r o l e u m T r a i n in g I n s t i t u t et e

Course Schedule

This course is conducted in ThaiCourse Objective :

21-23 June 2010

Class Size Minimum 6 Maximum 30

Venue

-TPTI Bangkok Training Center Shinawatra Tower III, 6th Floor Viphavadi Rangsit Rd.

Course Outline :

Day 1Overview of Investment Decisions & Discounted Cash Flow AnalysisCash In Flow: Revenue from ProductionOverview of Global Oil Markets and Pricing Benchmarks , Petroleum Production Project After Tax Cash Flow DeterminationDay 2Cash Out Flow : Petroleum E&P Expenditures & TaxesCapital expenditure (CAPEX), operating expenditure (OPEX), Capitalization of E&P Expenditure, Tax Treatment of Expenditure: DD&A, Deferred Tax, International and Thai Petroleum Fiscal SystemsDay 3Discounting the Cash Flow:Inflation and Escalation: EDM, MOD and RT The Time Value of Money: Cash Flow Patterns and DiscountingInvestment Decision Criteria: Net Present Value (NPV), Internal Rate of Return (IRR), Profitability Index, Other criteriaProject Hurdle Rate: Weighted Average Cost of Capital (WACC)

Instructed by Dr.Thitisak Boonpramote- Department of Mining and Petroleum Engineering, Chulalongkorn University

3-DAY SESSION

http://www.tpti.org

Payment/CancellationThe fee should be made in Thai Baht and payable to :Technical Petroleum Training Institute

Account No: 026-4-01533-4 or Swift Code:

SICOTHBK

at Siam Commercial Bank Ltd., Ramatibadee

Branch.

The cancellation must be made and received by TPTI 14 days or more prior to the course. One half of the registration fee must be paid by those registrants who cancel less than 14 days before the program.

Technical Petroleum Training Institute : Head OfficeThe Department of Mineral Fuel 6th Floor, Shinawatra Tower III, 1010 Viphavadi-Rangsit Road, Chatuchak, Bangkok 10900 Thailand. Tel: 66 2949 2330 Fax : 66 2791 1730 http://www.tpti.org

Technical Petroleum Training Institute : Training Center6th Floor, Shinawatra Tower III, 1010 Viphavadi-Rangsit Road, Chatuchak, Bangkok 10900 Thailand. Tel: 66 2 949 2330-1 Fax: 66 2 791-1730 E-mail: tpti@dmf.go.th

The course provides knowledge of basic Petroleum Economics. Participants will understand the project commercial viewpoint and the ideas to change the principle to get better financial results. Also, participants will be able to run the cash flow analysis with the project sensitivity in order understand the project viability and profitability impacts under the change of those project’s critical elements.

Course Instructor :Mr. Thitisak Boonpramote – Department of Mining and Petroleum Engineering Chulalongkorn University

Engineer, Geoscientist, Finance, Accountant and all Supervisory staff.Who should Attend :

3. POST: Complete and return your form to: Technical Petroleum Training Institute 6th Floor, Shinawatra Tower III, 1010 Viphavadi-Rangsit Road,

Chatuchak, Bangkok 10900 Thailand.

T e c h n i c a l P e t r o l e u m T r a i n in g I n s t i t u T e c h n i c a l P e t r o l e u m T r a i n in g I n s t i t u t et e

Registration FormRegistration FormCourse name : Basic Petroleum Economics (Code: BM02)

Course Fee : 16,900 Baht ( Vat 7% not included )

Course Schedule : 21-23 June 2010

1.

The fee includes 2 breaks and a lunch during the session days, instruction, and instructional materials, but does not include 7% VAT, accommodation and transportation.

2.Enrollment Information : (Please print clearly.)

Family Name :

First Name ( Mr / Ms / Mrs ) :

Position :

Approving Manager : Position :

Company :

Address :

Nature of Business :

Tel : Fax : E-mail :

Signature: Date:

Payment Method :

By cross cheque or bank draft payable to Technical Petroleum Training InstituteMail your payment with this registration form to TPTI. Enclosed is the cheque / draft for BahtBy Address :The Department of Mineral Fuel 6th Floor, Shinawatra Tower III, 1010 Viphavadi-Rangsit Road, Chatuchak, Bangkok 10900 Thailand.

3.

Wire transfer into the account ofTechnical Petroleum Training Institute Bank Name : Siam Commercial Bank Ltd., Branch : Ramatibadee Account No: 026-4-01533-4 or Swift Code: SICOTHBK

4. THREE EASY WAYS TO REGISTER :

Tel: 66 2 949 2330-1

1. FAX: 66 2 791 1730

2. E-MAIL: jitladat@gmail.com

Venue

-TPTI Bangkok Training Center Shinawatra III Building, 6th Floor Vibhavadi-Rangsit Rd.

Technical Petroleum Training Institute : Head OfficeThe Department of Mineral Fuel 6th Floor, Shinawatra Tower III, 1010 Viphavadi-Rangsit Road, Chatuchak, Bangkok 10900 Thailand. Tel: 66 2949-2330 Fax : 66 2791 1730 http://www.tpti.org

Technical Petroleum Training Institute : Training Center6th Floor, Shinawatra Tower III, 1010 Viphavadi-Rangsit Road, Chatuchak, Bangkok 10900 Thailand. Tel: 66 2 949 2330-1 Fax: 66 2 791-1730 E-mail: tpti@dmf.go.th