PETROGEO 7012 - Basin Energy Resource Evaluation

North Terrace Campus - Semester 2 - 2022

PETROGEO 7012 brings together disciplines of geology, geophysics, reservoir engineering and decision-making to provide an integrated approach to evaluating energy resources in sedimentary basins from a business perspective. Economic evaluations provide the main source of information for an energy industry organization by which investment and operational decisions are made regarding the most effective use of resources. There are many subtleties and assumptions that underlie the apparently straight-forward economic calculations that are often seen. Consequently, a fundamental understanding of the concepts behind economic evaluation and of techniques for performing them within an energy resource context, are essential skills. Topics to be included are: energy resource industry business context, economic and business concepts, cash-flows and energy industry fiscal regimes, time-value of money, discounted cash flow, net present value and other economic metrics, case study and portfolio management. High level technical resource issues becoming increasingly important to energy resource business decisions include the distribution of geological energy plays (resource system concepts), defined prospects for CO2 disposal and hydrogen storage, identification and management of non-potable water resources for generating green hydrogen and those for harvesting geothermal energy.

  • General Course Information
    Course Details
    Course Code PETROGEO 7012
    Course Basin Energy Resource Evaluation
    Coordinating Unit Australian School of Petroleum
    Term Semester 2
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Contact Up to 6 hours per day (classroom sessions taught in intensive short-course mode ? 12 classroom days required)
    Available for Study Abroad and Exchange N
    Prerequisites Honours degree level training or equivalent in geoscience ? no specific course pre-requisites; Honours degree GPA of 5/7 or greater; substantive research project experience or equivalent workplace experience in a related technical role
    Corequisites PETROGEO 7021, PETROGEO 7022
    Assumed Knowledge Honours degree level training or equivalent in geoscience.
    Restrictions Available only to students undertaking Master of Science in Petroleum Geoscience (to eventually be renamed MSc in Energy Geoscience)
    Course Description PETROGEO 7012 brings together disciplines of geology, geophysics, reservoir engineering and decision-making to provide an integrated approach to evaluating energy resources in sedimentary basins from a business perspective. Economic evaluations provide the main source of information for an energy industry organization by which investment and operational decisions are made regarding the most effective use of resources. There are many subtleties and assumptions that underlie the apparently straight-forward economic calculations that are often seen. Consequently, a fundamental understanding of the concepts behind economic evaluation and of techniques for performing them within an energy resource context, are essential skills. Topics to be included are: energy resource industry business context, economic and business concepts, cash-flows and energy industry fiscal regimes, time-value of money, discounted cash flow, net present value and other economic metrics, case study and portfolio management. High level technical resource issues becoming increasingly important to energy resource business decisions include the distribution of geological energy plays (resource system concepts), defined prospects for CO2 disposal and hydrogen storage, identification and management of non-potable water resources for generating green hydrogen and those for harvesting geothermal energy.
    Course Staff

    Course Coordinator: Dr Mark Bunch

    Course Timetable

    The full timetable of all activities for this course can be accessed from Course Planner.

  • Learning Outcomes
    Course Learning Outcomes

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    University Graduate Attributes

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  • Learning & Teaching Activities
    Learning & Teaching Modes

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    Workload

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    Learning Activities Summary

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  • Assessment

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    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
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    Assessment Summary

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    Assessment Detail

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    Submission

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    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M10 (Coursework Mark Scheme)
    Grade Mark Description
    FNS   Fail No Submission
    F 1-49 Fail
    P 50-64 Pass
    C 65-74 Credit
    D 75-84 Distinction
    HD 85-100 High Distinction
    CN   Continuing
    NFE   No Formal Examination
    RP   Result Pending

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Final results for this course will be made available through Access Adelaide.

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