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GL5500: PORTFOLIO OPTIMISATION - DECISION MAKING AND INVESTMENT APPRAISAL IN PETROLEUM ECONOMICS (2018-2019)

Last modified: 22 May 2019 17:07


Course Overview

This course covers some basic economics and then focuses on valuation of assets, how to deal with risk in making investment decisions, and the various systems by which petroleum revenue is taxed.

Course Details

Study Type Postgraduate Level 5
Session Second Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus None. Sustained Study No
Co-ordinators
  • Dr Stephen Bowden

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

  • Geology And Petroleum Geology (GL) (Studied)
  • Any Postgraduate Programme (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

  • (Studied)

Are there a limited number of places available?

No

Course Description

Introduction to petroleum economics; economic rents in the petroleum industry; economic and risk indicators; objectives of investors and governments; fiscal devices and their effects applied to petroleum exploitation; types of fiscal systems; modelling of oil and gas fiscal systems; portfolio optimisation; field economics; prospect ending market values; production-sharing contracts.

By the end of this course students should appreciate the role of economics in deciding how companies make decisions about which projects to invest in. They will have gained practical knowledge in modelling fiscal systems and how to use specialist software for risk analysis.


Contact Teaching Time

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

Teaching Breakdown

More Information about Week Numbers


In light of Covid-19 and the move to blended learning delivery the assessment information advertised for courses may be subject to change. All updates for first-half session courses will be actioned no later than 1700 (GMT) on 18 September 2020. All updates for second half-session courses will be actioned in advance of second half-session teaching starting. Please check back regularly for updates.

Summative Assessments

100% in course assessment including, a mixture of presentations, group work, including assignments and in some classes small class tests.

Formative Assessment

There are no assessments for this course.

Feedback

None.

Course Learning Outcomes

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