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Humanities/Social Science Elective

Course Code :
HUM HX
Level :
Undergraduate
Course Hours :
2.00 Hours
Department :
Department of Petroleum Engineering

Instructor information :

Title:Associate Professor
Name: Dina Mahmoud Mohamed Elsayed Mansour
Office hours:-Hours

Area of Study :

The Main Goals of this course are: a. Demonstrating the different types of petroleum agreements and companies and how to dial with different types of cost related to petroleum exploration, developments and production b. Discussing differences between successful efforts and full cost methods c. Identifying and accounting for mineral interests (i.e. royalty, working interest,overriding royalty interest, etc.) d. Discussing differences of DD&A rules under successful efforts and full cost e. Reviewing alternative methods of accounting for exploration and production companies

For further information :

Telephone: 16383 (16FUE)
E-mail: [email protected]

Humanities/Social Science Elective

This course is designed to increase the understanding and conscious for student those who are studies in the oil and gas industry field. To identify and awareness with different types of accounting system applied. In oil and gas companies and its element, and different methods for its applications. Studies financial accounting, cost accounting, the nature of cost in the oil and gas field, accounting books, accounting principles, cost recovery, tools of cost control and concession agreements. To provide basic understanding and hands-on practice of the accounting concepts involved in Oil & Gas Accounting on an international basis. To understand the accounting behind the financial statements and how accounting entries roll in the financial statements. Explain the different types of petroleum contracts and agreements

For further information :

Telephone: 16383 (16FUE)
E-mail: [email protected]

Humanities/Social Science Elective

Course outcomes:

a. Knowledge and Understanding:

1-	Explain different types of petroleum agreements and contracts
2-	Distinguish between capital expenditures (CPEX) and operating expenditure (OPEX)
3-	Describe basic Depreciation, Depletion & Amortization Formula

b. Intellectual Skills:

1-	Estimate the main activities and main cost in each stage of petroleum activates (exploration – development – operating and production)
2-	Estimate capital budget and operational budget for petroleum activities
3-	Interpret different types of petroleum contracts and agreements applied between the host countries and international exploration companies and the main features of each types of this agreement

c. Professional and Practical Skills:

1-	Estimate the cost of capital and operational budget and analysis the variance between estimated and actual cost
2-	Re-allocate joint cost on joint products
3-	Calculate the production cost per barrel for oil and cubic meter of gas

d. General and Transferable Skills:

1-	Communicate Effectively

For further information :

Telephone: 16383 (16FUE)
E-mail: [email protected]

Humanities/Social Science Elective

Course topics and contents:

Topic	No. of hours	Lecture	Tutorial/Practical
petroleum contracts and agreements	8	4	4
the basic of accounting principal	8	4	4
accounting for exploration companies	4	2	2
accounting for production companies	4	2	2
the destination between operating expanses ( opex ) and capital expanses ( capx )	4	2	2
A.F.E and estimated drilling cost	8	4	4
cost accounting in petroleum companies	8	4	4
accounting for Depreciation, Impairments, and Depletion	8	4	4
Budgeting ( capital budget- operational budget )	8	4	4