PE2355 PETROLEUM ECONOMICS SYLLABUS | ANNA UNIVERSITY BTECH PETROLEUM ENGINEERING 6TH SEMESTER SYLLABUS REGULATION 2008 2011 2012-2013 BELOW IS THE ANNA UNIVERSITY SIXTH SEMESTER B.TECH PETROLEUM ENGINEERING DEPARTMENT SYLLABUS, TEXTBOOKS, REFERENCE BOOKS,EXAM PORTIONS,QUESTION BANK,PREVIOUS YEAR QUESTION PAPERS,MODEL QUESTION PAPERS, CLASS NOTES, IMPORTANT 2 MARKS, 8 MARKS, 16 MARKS TOPICS. IT IS APPLICABLE FOR ALL STUDENTS ADMITTED IN THE YEAR 2011 2012-2013 (ANNA UNIVERSITY CHENNAI,TRICHY,MADURAI, TIRUNELVELI,COIMBATORE), 2008 REGULATION OF ANNA UNIVERSITY CHENNAI AND STUDENTS ADMITTED IN ANNA UNIVERSITY CHENNAI DURING 2009
PE2355 PETROLEUM ECONOMICS L T P C
3 0 0 3
AIM
To introduce the students concept and fundamentals of engineering economics of energy
industry.
OBJECTIVES
To make the students understand the basic quantitative theories and methodologist in oil
sector.
UNIT I 9
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 9
The economics of investment, Discounted cash flow analysis, Cost Benefit Analyses, Internal
Rate of Return, NPV, Profitability Index, Natural Monopoly theory, National competition Policy,
Gas Market Regulation, taxation of the oil and gas industry, government policy and trade
permits, Monte Carlo analysis, Net Back Pricing, Transfer Pricing and regulatory aspects.
UNIT III 9
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 9
Petroleum exploration and production contracts. Sharing of the economic rent, portfolio
management. Value creation, Corporate finance & return on capital, economic appraisal
methods for oil filed development, reservoir model costs and calculations.
UNIT V 9
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.
TOTAL: 45 PERIODS
51
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 Edition. 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.
REFERENCES
1. Petroleum Engineering Handbook. Bradely, H.B. Society of Petroleum Engineers.
Richardson. Texas.
2. The Encyclopedia Americana, International Edition Volume 9, Grolier Incorporated.
PE2355 PETROLEUM ECONOMICS L T P C
3 0 0 3
AIM
To introduce the students concept and fundamentals of engineering economics of energy
industry.
OBJECTIVES
To make the students understand the basic quantitative theories and methodologist in oil
sector.
UNIT I 9
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 9
The economics of investment, Discounted cash flow analysis, Cost Benefit Analyses, Internal
Rate of Return, NPV, Profitability Index, Natural Monopoly theory, National competition Policy,
Gas Market Regulation, taxation of the oil and gas industry, government policy and trade
permits, Monte Carlo analysis, Net Back Pricing, Transfer Pricing and regulatory aspects.
UNIT III 9
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 9
Petroleum exploration and production contracts. Sharing of the economic rent, portfolio
management. Value creation, Corporate finance & return on capital, economic appraisal
methods for oil filed development, reservoir model costs and calculations.
UNIT V 9
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.
TOTAL: 45 PERIODS
51
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 Edition. 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.
REFERENCES
1. Petroleum Engineering Handbook. Bradely, H.B. Society of Petroleum Engineers.
Richardson. Texas.
2. The Encyclopedia Americana, International Edition Volume 9, Grolier Incorporated.
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