Petroleum Economics Petro 8th Sem Syllabus for VTU BE 2017 Scheme (Professional Elective-V)

Petroleum Economics detail syllabus for Petroleum Engineering (Petro), 2017 scheme is taken from VTU official website and presented for VTU students. The course code (17PC833), and for exam duration, Teaching Hr/week, Practical Hr/week, Total Marks, internal marks, theory marks, duration and credits do visit complete sem subjects post given below.

For all other petro 8th sem syllabus for be 2017 scheme vtu you can visit Petro 8th Sem syllabus for BE 2017 Scheme VTU Subjects. For all other Professional Elective-V subjects do refer to Professional Elective-V. The detail syllabus for petroleum economics is as follows.

Course Objectives:

To understand the basic quantitative theories and methodologist in oil sector.

Module 1
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Module 2

The economics of investment, Discounted cash flow analysis, Cost Benefit Analyses, InternalRate of Return, NPV, Profitability Index, Natural Monopoly theory, National competition Policy,Gas Market Regulation, taxation of the oil and gas industry, government policy and tradepermits, Monte Carlo analysis, Net Back Pricing, Transfer Pricing and regulatory aspects.

Module 3

Application of petroleum engineering principles and economics to the evaluation of oil and gasprojects, evaluation principles, time value of money concepts, investment measures, costestimation, price and production forecasting, risk and uncertainty, project selection and capitalbudgeting inflation, escalation, operating costs, depreciation, cost recovery.

Module 4
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Module 5

Case studies: Economic study of an oil filed 8
development project, petrochemical plant project,natural gas breakeven price, natural gas liquefaction cost, LGN transport cost, investmentprofitability study for a gas pipeline.

Course Outcomes:

Students will be able to understand the concept and fundamentals of engineering economics ofenergy industry.

Graduate Attributes (as per NBA):

• Engineering Knowledge
• Problem Analysis
• Design/development of solutions (Partly)
• Interpretation of data.

Question paper pattern:

• The question paper will have ten questions.
• Each full Question consisting of 20 marks
• There will be 2 full questions (with a maximum of four sub questions) from each module.
• Each full question will have sub questions covering all the topics under a module.
• The students will have to answer 5 full questions, selecting one full question from each module.

Text Books:

1. Industrial Economics – An Introductory Textbook. R.R.Barthwal, 2nd Edition, New Age International Publisher.
2. Managerial Economics – D.N.Divedi. 6th Revised E dition. Vikas Publishing House Private Ltd.
3. Standard Handbook of Petroleum and Natural Gas Engineering. 2nd Edition. William C Lyons, Gary, C Plisga. Gulf Professional Publishing.

Reference Books:

1. Petroleum Engineering Handbook. Bradely, H.B. Society of Petroleum Engineers. Richardson. Texas.
2. The Encyclopedia Americana, International Edition Volume 9, Grolier Incorporated.

For detail syllabus of all other subjects of BE Petro, 2017 regulation do visit Petro 8th Sem syllabus for 2017 Regulation.

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