Apr 18, 2024  
2020-2021 Academic Catalog 
    
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2020-2021 Academic Catalog [Published Catalog]

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PENG 000/5222 - Petroleum Assets Evaluation (3 cr.)


Prerequisites
consent of instructor

Description
This course discusses concepts related to economic valuation of petroleum projects. 
The fundamentals of discounted cash-flow analysis are covered in class with focus on petroleum projects. The course highlights the notion of risk quantification and its relationship to economic valuation. It discusses capital budgeting and project ranking process as well as sensitivity analysis of different factors on both the revenue side and the cost side (such as oil prices, cost of services, …. etc.). Relationships of subsurface reserves estimates to the economic valuation of a project is discussed, as well as the importance of subsurface reserves as a financial asset for the future existence of a petroleum company. The main types and elements of fiscal regimes are emphasized in the class with examples of cash flows for concessionary systems, production sharing contracts, as well as service agreements.


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