University Course Planner The University of Adelaide Australia

PETROENG 4034 - Petroleum Business and Project Economics

Career: Undergraduate
Units: 3
Term: 4120
Campus: North Terrace
Contact: Block-format course (8 days) with integrated lectures, practicals (computer based) and discussions
Available for Study Abroad and Exchange: Yes
Available for Non-Award Study: Yes
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

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Student Status

Domestic
International

What type of place are you studying in

Commonwealth supported
Full fee paying

Study Level

Undergraduate
Postgraduate Coursework
Non Award

Program of Study

Study Abroad student tuition fees are available here

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

The fees displayed below for international students are for students commencing a program in 2024 only. International students who commenced a program in 2023 or prior can find their fee here.

Units
EFTSL
Amount
3
0.125
          
  


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
4120 Mon 09/08/2021 Wed 18/08/2021 Fri 17/09/2021 Fri 29/10/2021


Class Details

Enrolment Class: Workshop
Class Nbr Section Size Available Dates Days Time Location
20951 WR01 35 21 29 Jul - 30 Jul Thursday, Friday 9am - 1pm Petroleum Engineering, G04, Teaching Room
29 Jul - 30 Jul Thursday, Friday 1pm - 5pm Petroleum Engineering, G04, Teaching Room
2 Aug - 4 Aug Monday, Tuesday, Wednesday 9am - 1pm Petroleum Engineering, G04, Teaching Room
2 Aug - 4 Aug Monday, Tuesday, Wednesday 1pm - 5pm Petroleum Engineering, G04, Teaching Room
8 Sep - 10 Sep Wednesday, Thursday, Friday 9am - 1pm Petroleum Engineering, G04, Teaching Room
8 Sep - 10 Sep Wednesday, Thursday, Friday 1pm - 5pm Petroleum Engineering, G04, Teaching Room
Note: This class will be delivered both online and face to face. Please refer to MyUni for details once enrolled.