PEN 450
Petroleum Economics
Petroleum Engineering · Faculty of Engineering · 3 credits
Description
Economics of the upstream sector in all its aspects: reserves, players (oil companies, service companies), investments, costs and benchmarking, certainty economics applied to petroleum projects cash flow including taxation, decline curve analysis and oil and gas reserve estimate, application of uncertainty analysis and the use of statistical and probabilistic properties of reservoir description, standard methods of investment analysis when risk has to be coped with. Prerequisites: CEN 392.
What to expect
✓Has Quiz 1
✓Has Midterm
✓Has Final
✓Has Cumulative Final
✓Has Attendance
✓Has Project
✓Has Graded Homeworks
✓Has Participation
Prerequisites