Academic Catalog

PNGE411 PETROLEUM PROPERTY VALUATION

Course Code:	3740411
METU Credit (Theoretical-Laboratory hours/week):	3(3-0)
ECTS Credit:	5.0
Department:	Petroleum And Natural Gas Engineering
Language of Instruction:	English
Level of Study:	Undergraduate
Course Coordinator:	Assoc.Prof.Dr. EMRE ARTUN
Offered Semester:	Fall Semesters.

Course Content

Estimation of reserves. Optimization of production rate. Maximizing the oil recovery within economic limits. Investment required for exploration and development of oil gas fields. Investment required for improved recovery processes. Operating cost. Taxes. prices and depreciation. Profit analysis.