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EG552A: FIELD DEVELOPMENT AND PETROLEUM ECONOMICS (2020-2021)

Last modified: 26 Jun 2020 12:45


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 Aberdeen Sustained Study No
Co-ordinators
  • Dr Lateef Akanji

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

  • Any Postgraduate Programme

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

  • 1 Practical during University weeks 25 - 30, 32 - 34, 38 - 39
  • 1 Tutorial during University weeks 25 - 30, 32 - 34, 38 - 39

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

(i) Preliminary presentation (20%)

(ii) Final presentation (20%)

(iii) Group design report (60%)

 

Resit (For Students taking course in Academic Year 2020/21)

Re-sit of only the failed assessment component(s)

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome

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