Petroleum Economics, Policies and Laws detailed syllabus for Petroleum Engineering (PETRO), R18 regulation has been taken from the JNTUHs official website and presented for the students of B.Tech Petroleum Engineering branch affiliated to JNTUH course structure. For Course Code, Course Titles, Theory Lectures, Tutorial, Practical/Drawing, Credits, and other information do visit full semester subjects post given below. The syllabus PDF files can also be downloaded from the universities official website.
For all other PETRO 4th Year 1st Sem Syllabus for B.Tech R18 Regulation JNTUH, do visit PETRO 4th Year 1st Sem Syllabus for B.Tech R18 Regulation JNTUH subjects. The detailed syllabus for petroleum economics, policies and laws is as follows.
Course Objective:
- To emphasize the importance of time value of money in petroleum projects.
- To introduce the students to the theory and practices of Petroleum Economics to perform
- To understand the economic and decision analysis parameters in petroleum business.
- To understand the background of functioning of petroleum industry as an economic entity.
- To understand petroleum fiscal system within the context of India.
economic feasibility studies on prospective oil and gas properties.
Course Outcome:
For the complete syllabus, results, class timetable, and many other features kindly download the iStudy App
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Unit – I
Introduction to the oil industry: World supply and demand- Structure of the oil industryCharacteristics of crude oils and properties of petroleum products- Resources and development of natural gas. Principles, methods and techniques of engineering economics: Time value in capital expenditures, Depreciation and depletion in oil projects- Financial measures and profitability analysis.
Unit – II
Analysis of alternative selections and replacements- Risk, uncertainty and decision analysis- Break even and sensitivity analysis- Optimization Techniques. Application and project evaluation: oil fields exploration and drilling operations-Oil fields estimation of oil reserves and evaluation of an oil property- Oil fields production operations- Oil transportationCrude oil processing.
Unit – III
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Unit – IV
Natural gas: Natural gas supply in the world- Transportation- International Markets and prices. Petrochemicals: General characteristics- economics of the two large basic units- The market for the principal finished products- Problems of today.
Unit – V
Petroleum or Oil and Gas Rules and Regulations in India – The Oil fields Regulations and Development Act – New Exploration Licensing Policy (NELP) -Open Acreage Licensing Policy (OALP) – Functions of Directorate General of Hydrocarbons – Petroleum and Natural Gas Regulatory Board.
Text Books:
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..
For detail syllabus of all other subjects of B.Tech 4th Year Petroleum Engineering, visit PETRO 4th Year syllabus subjects.
For B.Tech PETRO branch results, visit JNTUH B.Tech Petroleum Engineering all semester results direct link.