Oil & Gas Management

Order Description Question 1: The followin" rel="nofollow">ing question concerns the roles of the various organisations in" rel="nofollow">involved in" rel="nofollow">in the oil & gas in" rel="nofollow">industry. Consider the roles and activities of a typical Operator/Duty holder, Investor and Equipment Vendor in" rel="nofollow">in the context of an offshore platform. a. Identify the areas where the parties’ objectives are aligned (15%) b. Identify areas of potential conflicts and how they might be overcome. (15%) Question 2: The followin" rel="nofollow">ing questions concerns petroleum economics and taxation regimes, legal arrangements and contractual relationships. a. Many developin" rel="nofollow">ing countries have adopted a PSA regime for the governance of oil & gas activities because they believe it delivers a larger share of economic rent to the government. State whether you agree or disagree with this and explain" rel="nofollow">in your conclusion by comparin" rel="nofollow">ing this to the structure of other possible regimes (e.g. Concession, JV, Service Agreement). (30%) b. Usin" rel="nofollow">ing the evaluation model provided, identify the impact on the in" rel="nofollow">investin" rel="nofollow">ing company IRR and capital efficiency (NPV/NPC) of varyin" rel="nofollow">ing capital cost in" rel="nofollow">inflation over a range from 0% to 25% (adjust cell F68 to do this). Explain" rel="nofollow">in how and why different views on in" rel="nofollow">inflation might affect a decision to in" rel="nofollow">invest. (10%) Question 3: The followin" rel="nofollow">ing question concerns the risks faced by the in" rel="nofollow">industry and means of identifyin" rel="nofollow">ing and managin" rel="nofollow">ing them. Describe the various graphical and numerical simulation evaluation techniques used by oil and gas companies to help them understand the reservoir development risks that they face. Comment of the value and likely use of each technique (15%) Question 4: The followin" rel="nofollow">ing question concerns future oil and gas sources, social responsibility and climate change issues. Identify and discuss the factors drivin" rel="nofollow">ing the contin" rel="nofollow">inued annual growth in" rel="nofollow">in global energy consumption (15%)