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Petroleum and Gas Economy

Code:

TPD042

Sigla:

EPG

Áreas Científicas
Classificação	Área Científica
OFICIAL	Engenharia Química e Industrial

Ocorrência: 2020/2021 - 2S

Ativa?	Yes
Unidade Responsável:	Engenharia Química Industrial
Curso/CE Responsável:	Undergraduate in Oil & Gas Technologies

Ciclos de Estudo/Cursos

Sigla	Nº de Estudantes	Plano de Estudos	Anos Curriculares	Créditos UCN	Créditos ECTS	Horas de Contacto	Horas Totais
TPD	18	Study Plan	3	-	4	67,5	108

Língua de trabalho

Portuguese

Objetivos

Introduce the key concepts of supply and demand economy and how companies, organizations and governments can seek to influence them, in the context of the oil industry. Historical perspective on the evolution of the oil market and the current context. Introduction to the study of investment projects, risk assessment.

Resultados de aprendizagem e competências

N/A

Modo de trabalho

Presencial

Pré-requisitos (conhecimentos prévios) e co-requisitos (conhecimentos simultâneos)

N/A

Programa

1 Basic Concepts in Market economy
1.1 Supply and demand
2 The oil culture
2.1 Historical Perspective
2.2 The Seven Sisters
2.3 Reserves. Estimation and fluctuations
3 Market Crude
3.1 Global Market
3.2 Consumption and global demand
3.3 The Market and refining
4 Supply Chain Oil
4.1 Technological Factors
4.2 Economic Factors
4.3 Geopolitical factors
5 Investing in oil projects
5.1 Methods of assessment
5.2 Value of Money temporary inflation, rate of return, risk
5.3 Parameters decision
5.4 Risk Management 
6Future Prospects
6.1 Estimation of oil and gas
6.2 Alternative sources of energy

Bibliografia Obrigatória

James G. Speight,; “An Introduction to Petroleum Technology, Economics, and Politics”, Willey, 2011
Ken Arnold; Standard handbook of petroleum and natural gas engineering, Butterworth-Heinemann, 1996

Métodos de ensino e atividades de aprendizagem

The theoretical material is presented in a way that promotes the involvement and participation of all students in order to develop their thinking ability and stimulate their critical thinking. The projection of slides with key information about each chapter will support the presentation of the content. Reading material will be available for consultation on matters taught through Moodle platform.

Continuous :
1st teste*0.4+2nd teste*0.4+pratical work*0.2

Exam (100%)


In case it is not possible to take the test/exam in person, due to the SARS-CoV-2 pandemic, teachers may require students to take an oral test to all students who have obtained a rating equal to or greater than 9.5 values. The final grade will be obtained in the oral test.

Tipo de avaliação

Distributed evaluation with final exam

Componentes de Avaliação

Designation	Peso (%)
Trabalho escrito	20,00
Teste	80,00
Total:	100,00

Componentes de Ocupação

Designation	Tempo (Horas)
Frequência das aulas	67,50
Estudo autónomo	25,00
Trabalho de investigação	15,50
Total:	108,00

Obtenção de frequência

N/A

Fórmula de cálculo da classificação final

Continuous :
1st teste*0.4+2nd teste*0.4+pratical work*0.2

Exam (100%)


In case it is not possible to take the test/exam in person, due to the SARS-CoV-2 pandemic, teachers may require students to take an oral test to all students who have obtained a rating equal to or greater than 9.5 values. The final grade will be obtained in the oral test.