PTE544 Petroleum Project Evaluation

[3–0, 3 cr.]

Petroleum project evaluation from the standpoint of the underlying land ownership and contract obligations; conformance to regulations, designation of reserve types and estimation of the future production performance, cost estimating and price forecasting, cash flow analysis with consideration to the time value of money, oil and gas accounting methods and economic sensitivity and risk factors.

Prerequisite: PTE322 Fundamentals of Reservoir Engineering.