PETROENG 4034 - Petroleum Business and Project Economics
Career: | Undergraduate |
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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
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.
EFTSL | |||
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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 |
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4120 | Mon 09/08/2021 | Wed 18/08/2021 | Fri 17/09/2021 | Fri 29/10/2021 |
Class Details
Enrolment Class: Workshop | |||||||
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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. |