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Course Details

Spring 2009-2010
ENV 531 / GEO 531 / CEE 583  

Topics in Energy and the Environment - Making the most of Scarce Hydrocarbon Resources

Michael J. Smith

Course explores science, technology and business of oil & gas extraction, highlighting historical role of global politics and environmental expectations; examine the history of oil & gas production; review current techniques to quantify discovered resources and maximize production. Drilling & production operations are reviewed in the context of achieving maximum recovery providing a basis for examining definitions of reserves and resources under a variety of economics models. Review of the industry's evolution, response to demand for secure, ever-increasing supplies, and running safe & environmentally responsible operations.

Sample reading list:
Craft, B.C. and Hawkins, M.S, Applied Petroleum Reservoir Engineering, 2nd edition
Bourgoyne, A.T., Millheim, K.K., Chenevert, M.E, Applied Drilling Engineering. Society of Petroleum Engineers
Yergin, Daniel, The Prize
See instructor for complete list

Reading/Writing assignments:
Students are expected to cover both the set materials and conduct personal research around those materials and will read approx. 100 pages per week. The two Problem Sets will allow demonstration of, firstly, maximizing short term production to maximize cash flow and secondly, maximizing Life of Field economic value and will be assigned covering two of the classes overarching themes: the application of science & technology and business & political strategies of producer nations.

Requirements/Grading:
Paper in Lieu of Mid Term - 20%
Paper in lieu of Final - 30%
Problem set(s) - 50%

Other Requirements:
Not Open to Freshmen.

Other information:
This course will be lead by Mike Smith, BP's Vice President of Reservoir Management and BP's Reserves Authority. Mr. Smith has spent his 38 year career in oil and gas development and production in numerous international locations and will be Princeton Environmental Institute's second 2009-2010 BP-Vann Visiting Fellow.

Schedule/Classroom assignment:

Class numberSectionTimeDaysRoomEnrollmentStatus
44526 S01 1:30 pm - 4:20 pm T   Lewis Library   117   Enrolled:3 Limit:14