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EG552F: FIELD DEVELOPMENT AND PETROLEUM ECONOMICS (2018-2019)

Last modified: 22 May 2019 17:07


Course Overview

This course provides a detailed overview of oil and gas field development from discovery to abandonment with particular focus on the decisions made prior to first production. The roles of uncertainties, economics considerations, safety and environmental impact on the design choices are explored.

Course Details

Study Type Postgraduate Level 5
Session Second Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Online Sustained Study No
Co-ordinators
  • Dr Lateef Akanji

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

  • Any Postgraduate Programme (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

This course provides the practical context for many of the other technical petroleum engineering courses already studied and mirrors the processes followed by oil and gas companies in selecting which opportunities to invest in and how to mature them. The methods used to compare different investment options and characterise uncertainty will be covered. By considering the input data required to perform such investment appraisal, students will be introduced to the challenges of getting hydrocarbons economically from the subsurface rock matrix to saleable products at the surface.  The course takes a multi-disciplinary approach to show the integration of subsurface characteristics, well and completions design, surface facilities, petroleum economics and environmental impact in the preparation of a viable field development plan. 


Contact Teaching Time

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

Teaching Breakdown

More Information about Week Numbers


Summative Assessments

Continuous assessment (100%).  Detailed breakdown will be provided at the beginning of the course.

 

 Resit:  As this is a group exercise there is no resit opportunity. Students who do not achieve the minimum pass mark at the first attempt would have to re-do the course the academic following year.

 

Formative Assessment

There are no assessments for this course.

Feedback

a)             Students can receive feedback on their progress with the Course on request at the weekly tutorial/feedback sessions and at the meeting of the design groups with the design supervisors.

b)             Assessment grade and feedback comments will be provided on the interim design report.

c)              Feedback on the oral presentation will be provided within one week of the presentation.

Course Learning Outcomes

None.

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