autumn 2017 GEO-3120 Management of the Petroleum Resources - 10 ECTS

Application deadline

Applicants from Nordic countries: 1 June for the autumn semester.

Exchange students and Fulbright students: 15 April for the autumn semester.


Type of course

Aviable as a single course.

Admission requirements

Bachelor's degree in geology, or a similar degree following a programme of study of at least three years, or similar education approved in accordance with the Norwegian Universities Act section 3-4. In addition, specialization in geology worth the equivalent of at least 80 ECTS credits is required. Normally, an average mark of C or better is required at the bachelor's degree level or other program for basis of admission.

Application code: 9371.


Course content

Norway is one of the few countries globally that has managed its natural resources, especially oil & gas, to the common best for the Nation and future generations. The Norwegian Model will be discussed, and especially the relationship between the private / company interests and the State`s interest in oil and gas activities is elaborated. The candidate is to be able to know the fiscal frames for oil & gas in Norway, and this industry`s role for the Norwegian economy. Energy systems related to oil & gas, and this compared to other types of energy carriers, is discussed. The course views the Norwegian petroleum resources in a national but also international and especially Arctic framework. Arctic operations is commented in a both historic and potential future perspective.   

Recommended prerequisites

GEO-3115 Petroleum geology, GEO-3119 Petroleum Prospecting

Objectives of the course

Knowledge:

The student can:

  • Understand The Norwegian Model for the management of oil & gas revenues, and to compare this model to other national models globally
  • Understand the principles and behind petroleum resource classification systems and relate this to stages of resource developments and potential value

Skills

The student can:

  • Separate and define the different roles that the authorities, the directorates, the operators and the suppliers in the exploration, exploitation and management of oil & gas resources
  • Define, understand and discuss the term "Economic rent"
  • Understand the difference between energy and energy carriers, and describe individual energy carrier trends

Competence

The student can:

  • Discuss and analyze the link between developments of society and energy consumption

Discuss Arctic industry in an environmental, development and political context


Language of instruction and examination

English.

Teaching methods

Lectures and seminars.

Assessment

The form of examination will be portfolio assesment. Two home-assessments will be handed out during the semester (counts 20% each). And there will be a home exam (counts 60%). All parts must be handed in and passed in order to pass the subject. The two assessments must be delivered and passed, in order to submit the home exam.

Letter grade (A-F).

In case the total grade is F, new essays and home-exam can be redelivered within a new decided time / date.


Recommended reading/syllabus

  • Utlevert materiale
  • Helge Ryggevik (2009): Til siste dråpe ¿ om oljens politiske økonomi (416 s)
  • McGlade, C. & Ekins, P. (2015): The geographical distribution of fossil fuels unused when limiting global warming to 2°C. Nature, 517, 187-190
  • Helgesen, L.M., Holmén, K., Misund, O.A. (eds.), (2015): Etikk i Arktis (Fagbokforlaget).
  • Charles Emmerson (2011): The future history of the Arctic ¿ How climate, resources and geopolitics are reshaping the north, and why it matters to the world (419 s.)

Error rendering component

  • About the course
  • Campus: Tromsø |
  • ECTS: 10
  • Course code: GEO-3120