CBE 5260
Transcript Abbreviation:
Petro Proj Eval
Course Description:
Economic analysis and investment decision methods in the petroleum industry; reserves estimation, depletion, petroleum taxation and market regulations, and projects of the type found in the industry; project evaluation case studies.
Course Levels:
Undergraduate (1000-5000 level)
Graduate (5000-8000 level)
Designation:
Elective
General Education Course:
(N/A)
Cross-Listings:
(N/A)
Credit Hours (Minimum if “Range”selected):
3.00
Max Credit Hours:
3.00
Select if Repeatable:
Off
Maximum Repeatable Credits:
(N/A)
Total Completions Allowed:
(N/A)
Allow Multiple Enrollments in Term:
No
Course Length:
14 weeks (autumn or spring)
Off Campus:
Never
Campus Location:
Columbus
Instruction Modes:
In Person (75-100% campus; 0-24% online)
Prerequisites and Co-requisites:
Prereq: 5200 and EarthSc 5661.
Electronically Enforced:
No
Exclusions:
(N/A)
Course Goals / Objectives:
Provides students the tools required to analyze investments in the petroleum industry.
Emphasizes the risk and uncertainty in petroleum investments and the stochastic nature of petroleum reservoir operations.
Illustrates how petroleum investments are tied to the prevailing commercial system
Emphasizes the cultural, governmental, and environmental constraints on petroleum engineering projects
Check if concurrence sought:
No
Contact Hours:
| Topic | LEC | REC out-of-class | REC in-class | Weekly LAB out-of-class | Weekly LAB in-class |
|---|---|---|---|---|---|
| Energy market outlook | 3.0 | 0.0 | 0 | 0.0 | 0 |
| Reserves estimation methods, classifications a. Decline curves b. Volumetric method and analogy c. Material balance | 5.0 | 0.0 | 0 | 0.0 | 0 |
| Mineral ownership | 4.0 | 0.0 | 0 | 0.0 | 0 |
| Time value of money | 3.0 | 0.0 | 0 | 0.0 | 0 |
| Project economics, revenue and cost estimations, before-tax cash flow analysis | 6.0 | 0.0 | 0 | 0.0 | 0 |
| Taxation and government take, after-tax cash flow analysis | 5.0 | 0.0 | 0 | 0.0 | 0 |
| International contracts and project evaluation | 7.0 | 0.0 | 0 | 0.0 | 0 |
| “Yardsticks” – Performance Metrics | 5.0 | 0.0 | 0 | 0.0 | 0 |
| Selecting investments, Project Financing | 4.0 | 0.0 | 0 | 0.0 | 0 |
| Evaluating uncertainty, decision making with uncertainty a. Expected value and decision trees b. Risk preference | 6.0 | 0.0 | 0 | 0.0 | 0 |
| Simulation of Uncertain Outcomes (Monte Carlo analysis) | 6.0 | 0.0 | 0 | 0.0 | 0 |
| Total | 54 | 0 | 0 | 0 | 0 |
Grading Plan:
Letter Grade
Course Components:
Lecture
Grade Roster Component:
Lecture
Credit by Exam (EM):
No
Grades Breakdown:
| Aspect | Percent |
|---|---|
| Class work (daily) | 20% |
| Quizzes (after each main topic) | 30% |
| Project | 20% |
| Final Exam | 30% |
Representative Textbooks and Other Course Materials:
| Title | Author | Year |
|---|---|---|
| No Textbooks and Other Course Materials Entered. | ||
ABET-CAC Criterion 3 Outcomes:
(N/A)
ABET-ETAC Criterion 3 Outcomes:
(N/A)
ABET-EAC Criterion 3 Outcomes:
(N/A)
Embedded Literacies Info: