PETROENG 7054 - Petroleum Business & Project Economics
Career: | Postgraduate Coursework |
---|---|
Units: | 3 |
Term: | 3220 |
Campus: | North Terrace |
Contact: | Block-format course (8 days) with integrated lectures, practicals (computer based) and discussions |
Restriction: | Available to MPetrolEng students only (who started program prior to 2015) |
Available for Study Abroad and Exchange: | No |
Available for Non-Award Study: | No |
Assumed Knowledge: | Introductory petroleum geology and engineering, SACE Stage 2 Maths, competency in Excel |
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
Course fees are displayed for the Program: select program
Study Abroad student tuition fees available here
Only some Postgraduate Coursework programs are available as Commonwealth Supported. Please check your program for specific fee information
Commonwealth Supported Student Contribution | |||||||
---|---|---|---|---|---|---|---|
Units | EFTSL | Pre-2010 | 2010 Onwards | Domestic | International | ||
3 | 0.125 | Band 2 | $1,148 | Band 2 | $1,148 | 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 |
![]() |
![]() |