301750 (v.3) Petroleum Economics 613
| 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. |
| Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information. |
| 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. |
| Year | Location | Period | Internal | Area External | Central External | | 2004 | Bentley Campus | Semester 2 | Y | | | |
Current as of: February 2, 2004
CRICOS provider code 00301J
