University Course Planner The University of Adelaide Australia

PETROENG 7054 - Petroleum Business & Project Economics

Career: Postgraduate Coursework
Units: 3
Term: 3220
Campus: North Terrace
Contact: Intensive course of integrated lectures, examples and computer-based exercises
Restriction: Available to MPetrolBusMgt and MPE students only
Available for Non-Award Study: Yes
Assumed Knowledge: Introductory petroleum geology and engineering, SACE Stage 2 Maths, competency in Excel
Incompatible: PETROENG 7006
Assessment: mid course test, assignment, final exam
Syllabus:

Petroleum engineers perform technical work to support the "business" objectives of the organization they work for (corporation, government). It is therefore important that they understand that "business" because it will influence the judgments they make. Economic evaluations provide the main source of the organization's information by which investment and operational decisions are made regarding the most effective use of resources. There are many subtleties and assumptions that underlie the apparently straight-forward economic calculations that are often seen. Consequently, a fundamental understanding of the concepts behind economic evaluation and of techniques for performing them within a petroleum context, are essential skills. Topics to be included are: oil & gas business context, economic and business concepts, cash-flows and petroleum fiscal regimes, time-value of money, discounted cash flow, net present value and other economic metrics, case study and portfolio management. If time permits, there will be an introduction to real options analysis and its application to valuing flexibility and risk.

Course Fees

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Only some Postgraduate Coursework programs are available as Commonwealth Supported. Please check your program for specific fee information

  Commonwealth Supported Student Contribution
Tuition Fees
Units EFTSL Pre-2010 2010 Onwards Domestic International
3 0.125 Band 2 $1,076 Band 2 $1,076 select program select program


Course Outline

A Course Outline which includes Learning Outcomes, Learning Resources, Learning & Teaching for this course may be accessed here


Critical Dates

Term Last Day to Add Online Census Date Last Day to WNF Last Day to WF
3220 Mon 06/08/2012 Fri 31/08/2012 Fri 14/09/2012 Fri 26/10/2012


Class Details

Enrolment Class: Lecture
Class Nbr Section Size Available Dates Days Time Location
21490 LE01 25 18 6 Aug - 6 Aug Monday 9am - 5pm Petroleum Engineering, G04, Conference Room
7 Aug - 7 Aug Tuesday 9am - 5pm Petroleum Engineering, G04, Conference Room
8 Aug - 8 Aug Wednesday 9am - 5pm Petroleum Engineering, G04, Conference Room
9 Aug - 9 Aug Thursday 9am - 5pm Petroleum Engineering, G04, Conference Room
10 Aug - 10 Aug Friday 9am - 5pm Petroleum Engineering, G04, Conference Room
2 Oct - 2 Oct Tuesday 9am - 5pm Petroleum Engineering, G04, Conference Room
3 Oct - 3 Oct Wednesday 9am - 5pm Petroleum Engineering, G04, Conference Room