Petroleum Economics detailed syllabus for Petroleum Engineering & Technology (PET) for 2019 regulation curriculum has been taken from the Anna Universities official website and presented for the PET students. For course code, course name, number of credits for a course and other scheme related information, do visit full semester subjects post given below.
For Petroleum Engineering & Technology 8th Sem scheme and its subjects, do visit PET 8th Sem 2019 regulation scheme. For Professional Elective-VII scheme and its subjects refer to PET Professional Elective-VII syllabus scheme. The detailed syllabus of petroleum economics is as follows.
Course Objective:
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Unit I
Supply and demand curves, the elasticity of supply and demand, public finance concepts such as consumer surplus, excise and export taxes. Forecasting techniques for the energy industry, including energy prices. Demand and supply for natural gas, cured oil and pipeline transportation, determinants of energy demand, energy markets, energy pricing, stability and performance of energy markets.
Unit II
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Unit III
Application of petroleum engineering principles and economics to the evaluation of oil and gas projects, evaluation principles, time value of money concepts, investment measures, cost estimation, price and production forecasting, risk and uncertainty, project selection and capital budgeting inflation, escalation, operating costs, depreciation, cost recovery
Unit IV
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Unit V
Case studies: Economic study of an oil filed development project, petrochemical plant project, natural gas break-even price, natural gas liquefaction cost, LGN transport cost, investment profitability study for a gas pipeline.
Course Outcome:
For the complete syllabus, results, class timetable, and many other features kindly download the iStudy App
It is a lightweight, easy to use, no images, and no pdfs platform to make students’s lives easier..
Text Books:
- Industrial Economics – An Introductory Textbook. R.R.Barthwal, 2nd Edition, New Age International Publisher (2004).
- Managerial Economics – D.N.Divedi. 6th Revised Edition. Vikas Publishing House Private Ltd (2006).
- Standard Handbook of Petroleum and Natural Gas Engineering. 2nd Edition. William C Lyons, Gary, C Plisga. Gulf Professional Publishing (2004).
References:
- Petroleum Engineering Handbook. Bradely, H.B. Society of Petroleum Engineers. Richardson. Texas (2006).
- The Encyclopedia Americana, International Edition Volume 9, Grolier Incorporated (2002).
For detailed syllabus of all the other subjects of Petroleum Engineering & Technology 8th Sem, visit PET 8th Sem subject syllabuses for 2019 regulation.
For all Petroleum Engineering & Technology results, visit Anna University PET all semester results direct link.