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  4. 2018-2019
  5. Geology and Geophysics
  6. GL5500: Portfolio Optimisation - decision making and investment appraisal in petroleum economics

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
Term Second Term 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


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

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

  • 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. 

 

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