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The Ultimate Oil & Gas Economics Course (Udemy.com)

Upstream, Midstream, Downstream

Created by: Hamam Awad

Last updated September 2017

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What you will learn

  • Understand Economic Parameters.
  • Understand the whole process relating oil & gas segments (Upstream, Midstream, Downstream).
  • Understand the hydrocarbon composition, quality standards, economic value.
  • Identify Oil & Gas companies and organizations.
  • Identify marketing & pricing of crude oil/ end products.
  • Conduct an Upstream feasibility study.
  • Prepare sensitivity/risk analysis reports.
  • Identify the Midstream segment and its various constituents.
  • Understand selectin/design criterial for Midstream surface facilities.
  • Identify Downstream processes and steps.
  • Understand break-even analysis and its uses.
  • Conduct a Downstream feasibility study.

How it compares

Against the other 503 rated Udemy courses in Teaching & Academics on CourseDuck:

  • Rating4.3 out of 5higher than 16% of them
  • Reviews308#308 of 504 by number of reviews
  • Length5.5 hourslonger than 67% of them
  • Last updatedSeptember 2017earlier than 91% of them

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Course Description

             *********FOR STUDENTS *********

This course provides Science, Engineering, and Business students with the main academic principles, and practical aspects to properly extend their comprehension and understanding. This course is a combination of  academical and technical work experience provided by VISION organization.

First, the course gives an introduction on various definitions and tasks used in Petroleum Economics including the definition of a project, feasibility study, types of projects, how to perform a feasibility study.

The introduction also illustrates how to determine crude oil/ end products prices, marketing, oil & gas companies.

The second portion of the course discusses Upstream projects and how to conduct a feasibility study using different economic parameters. 

While the third portion introduces midstream economics involving the process in midstream, identifying processing units, design and selection criteria for surface facilities.

The last portion of the course is downstream economics, it gives a detailed explanation about the process steps in the downstream segment, also discusses refinery plants, how they operate and how to make a downstream feasibility study.

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Instructor Details

Hamam Awad

Teaching Assistant in the University of Benghazi with 5 years experience as a teacher and as an author of different subjects that include:

1-Basics of Applied Reservoir Engineering

2-Fluid Flow in Porous Media

3-Advanced Reservoir Engineering

4-Numerical Reservoir Simulation I


3 years experience working in VISION organization in research & development center, also in reservoir simulation and management.


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Reviews

4.3

308 ratings on Udemy

Select a bar to show only those reviews.Select the bar again to show every rating.

By Andi Anriansyah on 7/21/2025

"As a geologist, I feel this course has opened my eyes to thinking not just as a reserve discoverer, but also as a value creator for the company. It's definitely worth taking for anyone who wants to understand the business behind the scenes."

By Ritwik Mukherjee on 5/28/2025

Coming from an oil and gas background, a lot of the terminologies and concepts were familiar. Would have appreciated the documentations on the feasibility studies and economic analyses. Overall, great lecture on concepts to look at when evaluating the economics of the hydrocarbon industry.

By Hery Barata on 5/30/2024

Great knowledge and explanation. It would be better if it completed with quiz and test and official certificate for whom pass it

By Nathan Tarrant on 1/31/2023

Very detailed and informative. It has helped me immensely to understand the economics of oil deals, which will help me a lot in my new job. Thank you.

By Shawn O’Sullivan on 1/13/2020

I found that this course was very detailed in its information for the most part but it is quite dry in regards to the delivery. Instructor seems very intelligent and knowledgeable but it could benefit from a revision to the presentation.

By Javier Colque López on 11/23/2018

Amplié los pocos conocimientos que tenia en tema de hidrocarburos y ahora con las muchas preguntas aclaradas y nuevos conocimientos, podre mejorar su aplicación.

By Alexculpado on 10/27/2018

sim era o que espera, faltou apenas recursos mais avançados na ilustração e explicação dos processos, ou seja, mais computação gráfica.

By Enrique Palomares Alpuche on 3/5/2018

This course shows the big picture of the oil industry. Also, it has very good examples so as to understand concepts better. I recommend it to everyone who is interested in the oil industry.

By Jois Sreenivas on 1/4/2018

Though the course content is comprehensive, there are many 'bloomers' in explanation some of which i have noted in review. They need to be rectified to make this course more appealing.

By Avik Munshi on 10/11/2017

Clarity of content is good for students. Although quality of explanation can be improved. Technical content is fairly up to the mark but the presentation of financial information needs improvement. Definitely recommended for students seeking future in the Oil and Gas industry. Young Technical professionals should also check this out to develop a greater understanding of the field. - - shukaran

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Quality Score

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Overall Score : 86 / 100