7134EXQ: Global Petroleum Industry - Perspectives and Prospects - Engineering Assignment Help

Assignment Task

Module Learning Outcomes Assessed:

2. Appraise the risks associated with future oil investment and the operation of the petroleum industry.

3. Evaluate petroleum fiscal systems and their effects on project viability

4. Evaluate the global trends and movement in oil and gas markets, timing efficiency and benchmarking in the industry.

5. Critically appraise the effects of current and future trends on the dynamics of the industry including the impact of the unconventional resources and renewable energy

6. Evaluate the strategic approaches in the future oil and gas industry.

Task and Mark distribution:

This group coursework is meant to test your understanding of the global petroleum industry, particularly the risk and fiscal terms, the global trends, strategies, industry benchmarks and challenges in decision making in the industry. You will appreciate the difficulty of selecting international upstream opportunities capable of generating real value, well in excess of the overall costs. This document is for Coventry University students for their own use in completing their assessed work for this module and should not be passed to third parties or posted on any website. Any infringements of this rule should be reported to facultyregistry.eec@coventry.ac.uk. Your organisation Godiva Petroleum (GP) is considering options to develop a portfolio of assets both within the traditional petroleum industry, unconventional resources industry and the renewable energy sectors with which you wish to develop your future growth. GP has domestic production which is declining rapidly. Company Production is currently 120,000 boe/d. To maintain replacement and growth, the focus has now switched to rationalizing upstream and renewable energy assets in seven countries: Libya, Morocco, UK North Sea, Ghana, Canada, Caspian Sea and Mozambique. Develop a portfolio out of all the assets by selecting those assets that in your view address the key challenges and opportunities. You may consider divestments and acquisitions to reconfigure the final portfolio: -

• Value

• Continuing production

• Product mix-oil /gas/ energy

• Diversity of supply.

• Operational & political risk

• Future of the energy industry and climate change

• Long term and short term financial benefits

The DP Board has approved an annual budget expenditure of $950 million /year for the next six years for the purpose of this project. You are expected to develop a ten-year strategic plan using all available resources and industry benchmarks to address the current declining production of GP worldwide and optimise the portfolio. You are expected to submit no more than 10 pages of report (1000 words per person) This document is for Coventry University students for their own use in completing their assessed work for this module and should not be passed to third parties or posted on any website. Any infringements of this rule should be reported to facultyregistry.eec@coventry.ac.uk. to show and justify your decisions and the rationale behind them. You must show all financial computations underpinning your choices and decisions. Use the average oil price/UK energy price in 2021 to make your decisions. You may also want to consider prices sensitivity to the success of the project. You will also be making a 15 minutes’ presentation to the Management of GP on a date to be announced to defend your choices and decisions

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