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Grand Seriti Boutique  Hotel, Bandung | February 16-18, 2011 | US$  990,-/participant


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 Association.

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.


Registration Fee:

(Exclude accommodation)

  • Registration until February 08, 2011
  • US$  990,-/participant
  • US$ 880,-/participant for more than 3 (three) participants from 1 (one) Company



Golden Flower Hotel, Bandung

Jalan Hegarmanah no 9-15 Setiabudi, Bandung

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