Apply for the Master’s course: “Management of Petroleum Resources”

Apply here.

Applicants from Nordic countries  must apply by 1 June 2016. UiT students must follow internal deadlines to register for the course.

Norway is one of the few countries globally that has managed its natural resources, especially oil & gas, to the common best for the Nation and future generations. The Norwegian Model will be discussed, and especially the relationship between the private / company interests and the State`s interest in oil and gas activities is elaborated. The candidate is to be able to know the fiscal frames for oil & gas in Norway, and this industry`s role for the Norwegian economy. Energy systems related to oil & gas, and this compared to other types of energy carriers, is discussed. The course views the Norwegian petroleum resources in a national but also international and especially Arctic framework. Arctic operations is commented in a both historic and potential future perspective.

Objectives of the course:

Knowledge:

The student can:

• Understand the Norwegian Model for the management of oil & gas revenues, and to compare this model to other national models globally
• Understand the principles and behind petroleum resource classification systems and relate this to stages of resource developments and potential value

Skills

The student can:

• Separate and define the different roles that the authorities, the directorates, the operators and the suppliers in the exploration, exploitation and management of oil & gas resources
• Define, understand and discuss the term “Economic rent”
• Understand the difference between energy and energy carriers, and describe individual energy carrier trends

Competence

The student can:

• Discuss and analyze the link between developments of society and energy consumption
• Discuss Arctic industry in an environmental, development and political context