Jawaharlal Nehru Technological University Hyderabad
Jawaharlal Nehru Technological University Hyderabad B.Tech IV PETROLEUM ECONOMICS, POLICIES AND LAWS Previous Question Paper (May - 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
Answer all questions.
What is depreciation?
Answer
Depreciation is the systematic allocation of the cost of a tangible asset over its useful life. It reflects the reduction in the value of an asset due to wear and tear, age, or obsolescence.
What is time value in capital expenditures?
Answer
The time value of money principle states that a unit of currency available today is worth more than the same amount in the future due to its potential earning capacity. In capital expenditures, this is critical for discounting future cash flows to their present value to determine the economic viability of investment projects.
Define optimization.
Answer
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What is sensitivity analysis?
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What is the consumption of petroleum products in India?
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What is crude oil? Explain.
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What is the composition of natural gas?
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Write some examples for petrochemicals.
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What is OALP?
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What is the role of petroleum and natural gas regulatory board?
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Part B
Discuss the two possible methods of calculating the depletion allowance.
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Discuss the world supply and demand of petroleum products.
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The following equation shows the effect of the variables x and y on the total cost for a particular operation:
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Explain the general procedure for determining optimum conditions.
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What is break even analysis? Explain the role of project evaluation and it’s applications in oil fields?
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Explain the world energy demand estimation model.
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Discuss about distribution of different petroleum products by means of different types of sales.
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Describe the economic characteristics of petrochemicals.
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Briefly describe the tanker planning and scheduling. What are the basic kinds of transportation for the world oil industry?
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Discuss the functions of Directorate general of Hydrocarbons.
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Explain in detail about the new exploration licensing policy (NELP).
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