JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD B.Tech IV PETROLEUM MANAGEMENT, MARKETING AND FINANCE Previous Question Paper (May/June - 2019 - R15)
Part A is compulsory which carries 25 marks. Answer all questions in Part A. Part B consists of 5 Units. Answer any one full question from each unit. Each question carries 10 marks.
Part A
What are oil sands? Give an example and mention its uses.
Answer
Oil sands are a mixture of sand, clay, water, and a dense, viscous form of petroleum called bitumen. A primary example is the Athabasca oil sands in Canada. Bitumen extracted from oil sands is primarily used as a feedstock for refineries to produce synthetic crude oil, which is then processed into gasoline, diesel, and jet fuel.
Enumerate the activities that comprise the upstream and midstream components in the value chain.
Answer
The upstream component includes exploration (geological surveys, drilling) and production (extraction of crude oil and natural gas). The midstream component involves the transportation (pipelines, tankers, rail), storage, and wholesale marketing of these raw products to refineries or processing plants.
Mention the physical conditions required for the formation of oil and gas beneath the surface of earth.
Answer
Sign in to view the complete answer paper.
Write notes about the set of rules followed in Production sharing agreements.
Answer
Sign in to view the complete answer paper.
What are the responsibilities of stage-gate project management process?
Answer
Sign in to view the complete answer paper.
List the objectives of Unitization.
Answer
Sign in to view the complete answer paper.
Define the terms in a balance sheet: current liabilities and equity.
Answer
Sign in to view the complete answer paper.
What is Venture capital? Explain its importance in oil industry.
Answer
Sign in to view the complete answer paper.
Mention the factors affecting the price volatility of oil.
Answer
Sign in to view the complete answer paper.
What are Petroleum-based lubricants? Specify its uses.
Answer
Sign in to view the complete answer paper.
Unit I
Explain the functions and objectives of the following players in global oil and gas industry: Integrated oil company and International oil company.
Answer
Sign in to view the complete answer paper.
What is a value chain? Mention its significance.
Answer
Sign in to view the complete answer paper.
Discuss the importance of oil and gas in national security and national wealth.
Answer
Sign in to view the complete answer paper.
Write notes about corporate stakeholders in the oil firm.
Answer
Sign in to view the complete answer paper.
Unit II
Describe the different types of oil reservoirs and cap structures.
Answer
Sign in to view the complete answer paper.
Explain about neutral zone concessions for establishing the contractual structures.
Answer
Sign in to view the complete answer paper.
Discuss the features of Proved oil reserves, developed oil reserves and undeveloped oil reserves.
Answer
Sign in to view the complete answer paper.
What are the four standard methods used in auctioning a single item such as an oil and gas lease?
Answer
Sign in to view the complete answer paper.
Unit III
Explain in detail about the life cycle of an oil field.
Answer
Sign in to view the complete answer paper.
Write notes about Net present value financial metrics.
Answer
Sign in to view the complete answer paper.
Discuss the six possible types of contractor relationships.
Answer
Sign in to view the complete answer paper.
Explain the environmental impacts of oil and gas field developments.
Answer
Sign in to view the complete answer paper.
Unit IV
What is managerial balance sheet? Explain the three categories of assets in managerial balance sheet.
Answer
Sign in to view the complete answer paper.
Write about financial performance analysis using return on sales as a measure.
Answer
Sign in to view the complete answer paper.
Explain the various Multilateral lending organizations for the oil and gas industry.
Answer
Sign in to view the complete answer paper.
Discuss the development and evolution of global petroleum assets by means of oil loans.
Answer
Sign in to view the complete answer paper.
Unit V
Describe the varieties of benchmark crude oils for trading and pricing.
Answer
Sign in to view the complete answer paper.
Explain the factors influencing the sale of crude oil by Spot transactions method.
Answer
Sign in to view the complete answer paper.
Discuss the specifications of five basic grades of kerosene-type jet fuel.
Answer
Sign in to view the complete answer paper.
Explain the uses of propane and factors influencing the price of propane.
Answer
Sign in to view the complete answer paper.