PET 412 - Petroleum and Natural Gas Economics

Course Objectives

The objective of this course is to develop the students ability to design and conduct oil, natural gas and geothermal projects, experiments and applications either individually or as a part of a team and to develop and improve the students ability in oral and written communications.

Course Description

Oil and gas economy-politics. Profitability measures (payout PGI, ROR, NPV, etc.). Decision analysis, expected monetary value. Risk analysis methods for uncertain oil and gas investments.