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: | Properties and Applications of Probability Distributions, Appraisal of Uncertain Ventures, Simulation - Monte Carlo Method, Decision Trees and Economic Models, Evaluation of Expected Discoveries in Mature Regions, Bayes Strategies and Estimates of Value, Risking of Hydrocarbon Reserves. |
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Unit Outcomes: | On completion of this unit students will have - Covered risk, uncertainty volumetrics and value analysis in detail from exploration through appraisal, development and production. Also explored quality and risk assessment in exploration and production venture investments. |
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 Assessment Breakdown: | Final exam 50%, Tutorials/ Projects 50%. This is by grade/mark assessment. |
Unit Texts: | No prescribed texts. |
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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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