PETROLEUM PROPERTY VALUATION

Course Description

Like all other ore reserves, petroleum reserves should also be properly valuated. This is the reason why the course is designed to properly valuate any petroleum production area. The initial step is to correctly calculate the reserve in three special categories. These categories are "visible", "probable" and "possible" reserve values. The reserve estimation is done by adequate number of exploration drill holes to display the 3-D underground topography of the petroleum bearing strata. This 3-D topography will lead to the visible ore reserrve, which is the 100 % safe value for investment. Probable and possible reserve estimation will depend on large-scale geological and geophysical data. Determination and optimization of production rate, maximizing the oil recovery within economic limits,investment required for exploration and development of oil gas fields and investment required for improved recovery processes will continue. Estimation of operating costs, taxes, prices and depreciation and profit analysis will cover the course content in full.

PETROLEUM PROPERTY VALUATION

Evaluation Tools (Active Term)

Course outcomes

No course outcomes have been defined yet.

Course Syllabus

No weekly content has been defined yet.

Reference Books & Course Materials

No reference books have been listed.

Learning Outcomes

No learning outcomes have been defined.

Program Outcomes

1. Knowledge of mathematics, natural sciences, basic engineering, computer-based computation, and topics specific to the relevant engineering discipline.
2. Ability to apply knowledge of mathematics, natural sciences, basic engineering, computer-based computation, and topics specific to the relevant engineering discipline to the solution of complex engineering problems.
3. Ability to define complex engineering problems by using knowledge of basic sciences, mathematics, and engineering, while considering the relevant United Nations Sustainable Development Goals (SDGs) related to the problem addressed.
4. Ability to formulate complex engineering problems using knowledge of basic sciences, mathematics, and engineering, while considering the relevant United Nations Sustainable Development Goals (SDGs) associated with the problem addressed.
5. Ability to analyse and solve complex engineering problems using knowledge of basic sciences, mathematics, and engineering, while considering the relevant United Nations Sustainable Development Goals (SDGs) associated with the problem addressed.
6. Ability to design creative solutions to complex engineering problems.
7. Ability to design complex systems, processes, devices, or products in a way that meets present and future needs while considering realistic constraints and conditions.
8. Ability to select and use appropriate techniques and resources—including estimation and modelling—for the analysis and solution of complex engineering problems, while being aware of their limitations.
9. Ability to select and use modern engineering and computational tools—including estimation and modelling—for the analysis and solution of complex engineering problems, while being aware of their limitations.
10. Ability to conduct literature research and use appropriate research methods for the investigation of complex engineering problems.
11. Ability to design experiments for the investigation of complex engineering problems.
12. Ability to conduct experiments, collect data, analyse results, and interpret findings for the investigation of complex engineering problems.
13. Knowledge of the impacts of engineering practices on society, health and safety, the economy, sustainability, and the environment within the framework of the United Nations Sustainable
14. Awareness of the legal implications of engineering solutions within the framework of the United Nations Sustainable Development Goals (SDGs).
15. Knowledge of ethical responsibility and adherence to the principles of professional engineering conduct.
16. Awareness of acting impartially without discrimination in any matter and of being inclusive of diversity.
17. Ability to work effectively as an individual.
18. Ability to work effectively as a team member or leader in intra-disciplinary teams (face-to-face, remote, or hybrid).
19. Ability to work effectively as a team member or leader in multidisciplinary teams (face-to-face, remote, or hybrid).
20. Ability to communicate effectively in spoken form on technical matters, taking into account the diverse characteristics of the target audience (such as education, language, and profession).
21. Ability to communicate effectively in written form on technical matters, taking into account the diverse characteristics of the target audience (such as education, language, and profession).
22. Knowledge of professional practices such as project management and economic feasibility analysis.
23. Awareness of entrepreneurship and innovation.
24. Ability for independent and lifelong learning.
25. Ability to adapt to new and emerging technologies.
26. Lifelong learning ability that includes the capacity to think critically about technological changes.

Po-Lo Matrix

The PO-LO matrix has not been populated yet.