Integrated Oil/Gas Field Evaluation "B" (Thesis) - PTRL4011

The students gain hand-on experience of the complete evaluation of an actual field offshore Australia. this course covers (a) the construction of a computerised economic model incorporating the fiscal terms for oil and gas developments offshore Australia, (b) reservoir engineering and simulation of reservoir(s) to predict reserves, production performance and field development options (this also involves assessing the economics of the field developement options) and (c) valuing the field and formulating a bid to acquire a participating interest in the property.