Advanced Petroleum Economics



The first segment of the course is dedicated to review principles of petroleum related economics tools. Later, an overview on how the petroleum industry functions as an economic entity within the business community will be deliberated. Special emphasis will be placed on maintaining a positive cash flow while keeping risks under control. Decision analysis in an environment of uncertainty and risk will be comprehensively discussed. Practical case studies and learned lessons from the petroleum industry will be used as a guideline to understand critical concepts. Students will be exposed to current economic challenges facing modern petroleum industry, and expected to contribute in analysing problems and solution options – some of their own!

Course period20/08/17 → …