Petroleum Economics Quiz

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Match the following roles with the responsibilities of a petroleum economist:

Role of Petroleum economist = Prepare financial and economic modeling of the Company’s new venture E&P projects, provide financial and economic expert guidance towards constructing project bids

Match the following topics with the content covered in the lecture 'Introduction to Petroleum Economics':

Lecture Outcome 1: Role of Petroleum economist = Role of Petroleum economist Lecture Outcome 2: Oil and Gas Supply and Demand = Oil and Gas Supply and Demand Lecture Outcome 3: Oil and Gas Industry Structure = Oil and Gas Industry Structure Main Role of Petroleum Economist = Perform economic planning of an oil or gas project

Match the following tasks with the responsibilities of a petroleum economist for new projects:

Performing economic planning = Perform economic planning of an oil or gas project Conducting economic and risk analysis = Contribute making oil and gas policies and assist companies in developing new oil and gas fields after the analysis of economics of development and the assessment of related risks Compiling risk-based business and economic evaluations = Reviewing and compiling risk based business and economic evaluations for new integrated business ventures to support and assist strategic decisions for the Company Preparing financial and economic modeling = Prepare financial and economic modeling of the Company’s new venture E&P projects, provide financial and economic expert guidance towards constructing project bids

Match the following terms with their meanings:

<p>E&P projects = Exploration and Production projects Acquisition and mer = Acquisition and mergers Upstream strategic business plans = Strategic plans related to the exploration and production of oil and gas Integrated business ventures = Business initiatives involving multiple integrated components</p> Signup and view all the answers

Match the following activities with their relevance to petroleum economics:

<p>Portfolio planning and business analysis services = Necessary to support upstream strategic business plans Oil and gas project bidding = Provide financial and economic expert guidance towards constructing project bids Assisting in making oil and gas policies = Contribute making oil and gas policies and assist companies in developing new oil and gas fields after the analysis of economics of development and the assessment of related risks Reviewing and compiling risk-based evaluations = Support and assist strategic decisions for the Company</p> Signup and view all the answers