Petroleum Risk Final Exam Tips

Section A > 30 Marks (3 Descriptive Answer Questions) + (One Computation /

Calculation Question)

P E

Lecture Slide based on: Pet Eng Lecture 2 In Class

Supply > Graph > Different situation > price influence

Demand > Graph > Different situation > price influence
NPV : Discount calculation
WACC calculation
Elasticity
1. Long Term > Graph
2. Short Term > Graph
Oil Price /Factors Price Influence > long-term oil price
Section B > 30 Marks (3 Computation / Calculation Question) + (1 Descriptive
Answer Question)

PERT Analysis
Time and Resource Estimate
Section C > 30 Marks (2 Descriptive Answer Question > Choose one to
answer)

Two of the following questions will be in the exam.

1.
With a combination of text and diagrams, give a comparative analysis between
concession and production sharing based fiscal systems. From your analysis,
what are the advantages and disadvantages of each, and under what
circumstances?
2.
What are the alternative forms of dispute settlement and what is the essential
difference between these and arbitration?
3.
With a combination of text and diagrams, describe the limits of the various
zones measured from the defined baseline set by UNCLOS III. Explain the
jurisdictional features of each zone.
4.
Your company is contemplating a multi-billion dollar investment in the Mid-
Atlantic state of the Peoples Democratic Republic of Equatorial Paradise
(PDREP). You have been asked to lead a team to advise the Board. What will be
your procedure? Structure the answer in the form of a checklist, giving a brief
explanation of each point.
5.
What restraints may exist on the arbitrability of disputes? Under which law
may the issue be raised? How should such a challenge to the arbitrators
jurisdiction be resolved? What law should be applied to determine the issue?