Jawaharlal Nehru Technological University Hyderabad
Jawaharlal Nehru Technological University Hyderabad B.Tech IV PETROLEUM ECONOMICS, POLICIES AND LAWS Previous Question Paper (July - 2019 - R15)
Note: This question paper contains two parts A and B. 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
Define proven oil reserves and probable oil reserves.
Answer
Proven reserves are quantities of petroleum which, by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be commercially recoverable from a given date forward from known reservoirs under current economic conditions. Probable reserves are those additional reserves which analysis of geoscience and engineering data indicate are less likely to be recovered than proven reserves but more certain to be recovered than possible reserves.
How crudes are classified based on density and API range?
Answer
Crude oil is classified based on its API gravity:
- Light crude: API gravity greater than 31.1°.
- Medium crude: API gravity between 22.3° and 31.1°.
- Heavy crude: API gravity below 22.3°.
- Extra heavy oil: API gravity below 10.0°.
What are the objectives of replacement analysis in oil industry?
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Write notes about geophysical techniques for oil exploration.
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Define major operators in the marketing of petroleum products.
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Write about the sales and distribution of petroleum products by commission agents.
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What are the major problems faced by petrochemical industry?
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How the natural gas is transported in liquid form?
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Mention the functions of Directorate general of hydrocarbons.
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Summarize the role of Petroleum and Natural Gas Regulatory Board in oil exploration.
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Part B
Discuss the statistics about worldwide distribution of oil reserves and oil demand pattern.
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Explain the consumption pattern for natural gas.
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Explain the most important properties that affect the quality of crude oils.
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Discuss the return on investment method for evaluating profitability in oil industry.
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What is break-even analysis? Explain the three main components of break-even analysis.
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What are the important applications involving risk and economic analysis in oil operations?
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Explain the cable tool method and rotary drilling method of drilling a well.
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Describe the capital investment costs and economic analyses for oil transportation by tankers and pipelines.
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Explain the chronological development of demand for petroleum products and trend in the consumption of petroleum products for the entire world.
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Mention the desired characteristics, specification and uses of heavy fuel oil.
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Explain the distribution of sales and market shares between the different oil operators.
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Discuss the reasons and effects of pollution by fuel combustion.
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Describe the general characteristics and growth scenario of petrochemicals industry.
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Explain the various olefin sources and break down of different steam cracking feed stocks.
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Discuss the major process routes and various products in the petrochemical industry.
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Explain the international consumption pattern and market prices for natural gas.
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Describe the characteristic features of:
Oil fields regulations and development act and
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New Exploration Licensing Policy (NELP).
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Explain about the important aspects of:
Open Acreage Licensing Policy (OALP) and
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Oil & gas rules and regulations.
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