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Basic Petroleum Economics

3 Credits
Course Number 79-357
Type of Course Required Elective
Contact Hours 3
Prerequisite 78/212
​Article objectives

​ Time value of money such as present and future value, the effect of interest and discount rates on these values, cash flow analyses, and project financing. Economics indicators such as profit, net present value (NPV), internal rate of return, and payout time will also be addressed. Uncertainty and risk, taxes and royalties and their effect will also be covered.

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