TABLE OF CONTENTS
INTRODUCTION
Table of Contents … 1
Course Learning Outcomes and Syllabus … 2
Brief on Islamic Economy Principles … 3
CHAPTER ONE: HISTORY OF OIL IN SAUDI ARABIA
1.1 The Importance of Oil and Gas Resources in the Middle East … 4
1.2 OPEC, USA, Rest of the World Oil Reserves, Production and Consumption … 7
1.3 History of Oil Discovery in Saudi Arabia … 8
1.4 Major Saudi Arabia Oil and Gas Fields … 11
1.5 Saudi Arabia Oil and Gas Fields List … 17
1.6 Saudi Arabia Geological Column … 20
1.7 Crude Oil Classification … 23
1.8 Carbon Emission … 25
1.9 Carbon Capture, Utilization And Storage (CCUS) … 26
1.10 Saudi Arabia-Kuwait Neutral (Divided) Zone … 26
1.11 Legal Boundaries of Waters and Airspace … 28
CHAPTER TWO: THE INTERNATIONAL OIL INDUSTRY
2.1 Oil and Gas Ownership Types … 29
2.2 National and International Oil Companies and OPEC … 29
2.3 OPEC, OPEC+, OAPEC and IEA … 29
2.4 Swing Produces, Inflation, Depletion, and Energy Sources … 31
2.5 Unconventional Oil and Gas Resources … 31
2.6 The Difference between Oil Shale, Shale Oil and Shale Gas? … 32
2.7 Definition of Oil and Gas Reserves … 34
2.8 Depletion and Depreciation … 35
CHAPTER THREE: OIL PRICES HISTORY AND PRICING CRITERION
3.1 Oil Pricing History … 36
3.2 Oil Pricing Criterion … 38
3.3 OPEC Reference Basket (ORB) Price … 39
3.4 Oil Paper and Wet Barrels … 39
3.5 Law of Supply and Demand … 39
3.6 Law of Oil Equilibrium (Bottom) Price … 40
CHAPTER FOUR: BASICS OF ENGINEERING ECONOMY
4.1 Engineering Economy … 42
4.2 Key Factors For Successful Project … 42
4.3 Investment and Economic Limit … 43
4.4 Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) … 43
4.5 Salvage Value (S), Nominal and Effective Interest Rates … 44
4.6 Complex Interest Rate … 45
4.7 Petroleum Field Exploitation Cost Analysis … 46
4.8 Horizontal Time Line Diagram … 46
4.9 Formulas for Continuous and Lump Sum Flow of Fund … 47
4.10 Mutually Exclusives Selections and Decision Methods … 47
4.11 Decision Screening Yardsticks for Economical Projects … 47
4.11.1 Net Present Value (NPV) … 47
4.11.2 Minimum Rate of Return (ROR) … 49
4.11.3 Payout (Payback) Period (POT) … 52
4.11.4 Profit-to-Investment Ratio (Profitability Index, P/I) … 54
4.11.5 Incremental (Marginal) Analysis (IA) … 55
CHAPTER FIVE: FIELD EXAMPLES BASED ON OIL PRODUCTION DATA
5.1 Field Examples Based On Oil Production Data … 57
CHAPTER SIX: RISK, UNCERTAINTY, ETHICS, ENVIRONMENTAL IMPACTS, AND PEAK OIL THEORY
6.1 Oil and Gas Industry Sectors … 59
6.2 Potential Environmental Impacts of Oil and Gas Activities … 59
6.3 Risk and Uncertainty in the Oil and Natural Gas Industry … 60
6.4 Oil Price Elasticity … 61
6.5 Peak Oil Theory … 62
6.6 SPE Ethics and Professional Responsibility … 63
المرفق | الحجم |
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PGE 491- Course Contents and Learning Outcomes - Modified - March 2023 | 787.85 كيلوبايت |