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Høst 2022
GEO-3120 Management of the Petroleum Resources - 10 stp
The course is administrated by
Type of course
Course contents
Application deadline
Applicants from countries within EU/EEA: June 1st for the autumn semester.
Exchange students and Fulbright students: 15 April for the autumn semester.
UiT students: September 1st for the autumn semester.
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.
Objective of the course
Knowledge
The student has
- understanding of the Norwegian model for management of oil and gas revenues, and how this model relates to other national models globally.
- understanding of the principles of petroleum resource classification systems, and how they relate to the stages of resource development and potential value of petroleum.
Skills
The student can
- separate and define the different roles of the authorities, the directorates, the operators and the suppliers in the exploration, exploitation, and management of oil and gas resources.
- define, understand, and discuss the term "economic rent".
- explain the difference between energy and energy carriers, and describe individual energy carrier trends.
- discuss Arctic industry in an environmental, development and political context.
General competences
The student can
- discuss and analyze the link between developments of society and energy consumption.
- use relevant literature and analytical skills to solve relevant problems.
- communicate solutions of relevant scientific problems in written form.
Language of instruction
Teaching methods
Date for examination
The date for the exam can be changed. The final date will be announced at your faculty early in May and early in November.