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Last modified: 31 Jul 2023 11:31

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 Aberdeen Sustained Study No
  • Dr Stephen A. 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?


What courses cannot be taken with this course?

  • (Studied)

Are there a limited number of places available?


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

Details, including assessments, may be subject to change until 31 August 2023 for 1st half-session courses and 22 December 2023 for 2nd half-session courses.

Summative Assessments

Assessment Type Summative Weighting 100
Assessment Weeks Feedback Weeks

Look up Week Numbers

Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
FactualRememberILO’s for this course are available in the course guide.

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