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  5. Economics
  6. EC5005: Petroleum Economics and Project Evaluation

EC5005: PETROLEUM ECONOMICS AND PROJECT EVALUATION (2017-2018)

Last modified: 27 Feb 2018 18:47


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
Term First Term Credit Points 15 credits (7.5 ECTS credits)
Campus Old Aberdeen Sustained Study No
Co-ordinators
  • Professor Euan Phimister

Qualification Prerequisites

None.

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

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

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

  • BU5053 Introduction to Energy Economics (Passed)

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. 


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 30 August 2024 for 1st term courses and 20 December 2024 for 2nd term courses.

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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