JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD

JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD B.Tech IV Year PETROLEUM ECONOMICS, POLICIES AND LAWS Previous Question Paper (January/February - 2023 - R18)

B.Tech | IV Year | I | R18 | January/February - 2023

Answer PaperPaper Code: 157CYMaximum Marks: 75Time: 3 Hours

Note: i) Question paper consists of Part A, Part B.
ii) Part A is compulsory, which carries 25 marks. In Part A, Answer all questions.
iii) In Part B, Answer any one question from each unit. Each question carries 10 marks and may have a, b as sub questions.

PART - A

125 marks
a
State and explain Naphtha and Gasoline.
2 marks

Answer

Naphtha is a volatile, flammable liquid hydrocarbon mixture obtained from petroleum distillation, serving primarily as a feedstock for the petrochemical industry to produce olefins. Gasoline is a refined petroleum product consisting of a complex mixture of hydrocarbons, specifically designed for use as fuel in internal combustion engines, characterized by its octane rating and volatility.

b
Illustrate the overall oil and gas production process.
3 marks

Answer

The oil and gas production process follows a sequential path:

  1. Exploration: Geological and geophysical surveys to identify potential reservoirs.
  2. Drilling: Creating boreholes to access the subsurface hydrocarbon accumulations.
  3. Production: Extracting the crude oil and natural gas to the surface through wellheads and processing facilities for separation and treatment.

c
Describe the Components of Break-Even Analysis.
2 marks

Answer

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d
Categories and classify the domain of economic alternatives.
3 marks

Answer

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e
Application of Differentiation to Optimization.
2 marks

Answer

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f
Discuss the distribution and marketing of petroleum products.
3 marks

Answer

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g
Giving examples, and general characteristics of petrochemicals.
2 marks

Answer

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h
Enumerate the International Markets and prices of gas, what is the composition of natural gas?
3 marks

Answer

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i
Present main precautions during acidizing operations at well.
2 marks

Answer

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j
Briefly explain the Petroleum and Natural Gas Regulatory Board.
3 marks

Answer

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PART - B

210 marks
a
The capital cost of a small portable pump is $7,000, with a lifetime of 20 years. If money can be invested at 6% (annual interest rate), calculate the annual depreciation costs and the annual capital recovery and compare between the two values.
5 marks

Answer

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b
Describe Petroleum industry stages from exploration to marketing.
5 marks

Answer

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OR
310 marks
a
Classify the characteristics of crude oils and properties of petroleum products.
5 marks

Answer

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b
What is depreciation? Enumerate the various possible methods of calculating the depletion allowance.
5 marks

Answer

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410 marks
a
Consider an investment of a company, engaged in oil field services, of $10,000 over a 4-year period that returns Rt at the end of year t, with Rt being a statistically independent random variable. The following probability distribution is assumed for Rt.
5 marks

Answer

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b
State and evaluate break-even analysis? Describe the role of project evaluation and it’s applications in oil fields?
5 marks

Answer

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OR
510 marks
a
What is differentiation, enumerate and present the basic formulas or rules for differentiation.
5 marks

Answer

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b
Consider the following constrained nonlinear optimization problem: Determine the values of x and y which will result in the least cost.
5 marks

Answer

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610 marks
a
Describe the petroleum products in the principal consuming countries.
5 marks

Answer

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b
Classify distribution of different petroleum products by means of various types of sales.
5 marks

Answer

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OR
7
Enumerate the chronological development of demand for petroleum products and trend in the consumption of petroleum products for the entire world scenario.
10 marks

Answer

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810 marks
a
Discuss broadly the major problems faced by petrochemical industry?
5 marks

Answer

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b
Describe the concept of Fundamentals of transportation and explain Pipelines.
5 marks

Answer

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OR
9
Enumerate the tanker planning and scheduling and discuss various types of transportation for the world oil industry.
10 marks

Answer

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1010 marks
a
Illustrate briefly New Exploration Licensing Policy (NELP) in oil exploration.
5 marks

Answer

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b
Classify and Functions of Directorate General of Hydrocarbons in petroleum industry.
5 marks

Answer

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OR
1110 marks
a
Write short note on Duties of fire officer in working site of oil industry.
5 marks

Answer

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b
Briefly discuss the Petroleum and Oil and Gas Rules and Regulations in India.
5 marks

Answer

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About this paper

This page contains the solved question paper with answers of PETROLEUM ECONOMICS, POLICIES AND LAWS from JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD for B.Tech PTM IV Year I, January/February - 2023, R18.

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