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EC5005: PETROLEUM ECONOMICS AND PROJECT EVALUATION (2018-2019)

Last modified: 22 May 2019 17:07


Course Overview

This course will introduce students to key techniques from economics and finance allowing them to understand the business decision making relevant to the petroleum industry and decommissioning.  Students will learn how these principles help explain how investment and disinvestment decisions (such as cessation of production) are taken, how oil markets operate, and the government's role in setting environmental regulations and taxation allowances. 

Course Details

Study Type Postgraduate Level 5
Session First Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Old Aberdeen Sustained Study No
Co-ordinators
  • Professor Euan Phimister

What courses & programmes must have been taken before this course?

  • Either Master Of Science In Decommissioning (Studied) or Master Of Science In Financial Mathematics (Studied)
  • Any Postgraduate Programme (Studied)

What other courses must be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

This course will introduce students to key techniques from economics and finance allowing them to understand the business decision making relevant to the petroleum industry and decommissioning.  Students will learn how these principles help explain how investment and disinvestment decisions (such as cessation of production) are taken, how oil markets operate, and the government's role in setting environmental regulations and taxation allowances. 


In light of Covid-19 this information is indicative and may be subject to change.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 2 Lectures during University weeks 13 - 17
  • 1 Tutorial during University weeks 14 - 17

More Information about Week Numbers


In light of Covid-19 and the move to blended learning delivery the assessment information advertised for second half-session courses may be subject to change. All updates for second-half session courses will be actioned in advance of the second half-session teaching starting. Please check back regularly for updates.

Summative Assessments

Class Tests (20%); Written Examination (80%).

Resit: 2 hr written examination 100%.

Formative Assessment

There are no assessments for this course.

Feedback

Formative assessment feedback given through discussion in small group teaching

Summative assessment feedback given via written comments on submitted assessed work

Course Learning Outcomes

None.

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