Area: | Department of Petroleum Engineering |
Credits: | 25.0 |
Contact Hours: | 10.0 |
Lecture: | 1 x 20 Hours 4 Weekly |
Tutorial: | 1 x 20 Hours 4 Weekly |
Syllabus: | Net present value, internal rate of return, annual cash flow analysis, incremental investment analysis, depreciation, replacement analysis, regional income taxes, production sharing contracts, investment portfolio selection, capital rationalisation. |
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Unit Outcomes: | On completion of this unit students will have - Covered the application of basic economic analysis techniques and the application of probability and statistics in the petroleum industry. Discussed various economic cost recovery models and fiscal regimes used in the Asia Pacific region. The ability to apply decision tree analysis, manage a portfolio of hydrocarbon assets and make investment recommendations. |
Texts and references listed below are for your information only and current as of September 30, 2003. Some units taught offshore are modified at selected locations. Please check with the unit coordinator for up-to-date information and approved offshore variations to unit information before finalising study and textbook purchases. |
Unit References: | Daniel Johnstone., (1994), International Petroleum Fiscal Systems and Production Sharing Contracts, ISBN o-987814-426-9, 3rd Ed, Tulsa, Pennwell. Donald G Newman., (1988), Engineering Economics Analysis, San Jose, California, Engineering Press Inc. |
Unit Texts: | No prescribed texts. |
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Unit Assessment Breakdown: | Final exam 50%, Tutorial participation/Project 50%. This is by grade/mark assessment. |
Field of Education: | 30100 Manufacturing Engineering and Technology (Narrow Grouping) | HECS Band (if applicable): | 2 |
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Extent to which this unit or thesis utilises online information: | Informational | Result Type: | Grade/Mark |
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Availability
| Year | Location | Period | Internal | Area External | Central External | | 2004 | Bentley Campus | Semester 2 | Y | | |
Area
External | refers to external course/units run by the School or Department, offered online or through Web CT, or offered by research. |
Central
External | refers to external course/units run through the Curtin Bentley-based Distance Education Area |
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