The Oil and Gas Industry – Future Predictions

Paper details

Choose ONE of the following statements and write an essay in support of it :

1. ‘Peak Oil’ theory says that the rate of petroleum production follows a bell-shaped curve. Having passed the peak of this curve the Oil and Gas industry is now in terminal decline. All the major hydrocarbon reserves that exist have been discovered and our priority should be on better use of what exists, namely onshore oil and gas and offshore shallow water (shelf) ‘conventional’ hydrocarbon resources and onshore ‘unconventional’ resources. We should adopt a more risk-averse approach in the exploitation of our hydrocarbon reserves and abandon the ultimately wasteful and expensive pursuit of reserves in the deep-water offshore. Discuss.
Or

2. Many observers within the petroleum industry believe that the World’s oil and gas reserves have largely been located and extracted and that few major discoveries remain. However many still argue that our success and geographical focus as explorers is largely dependent upon the technology available to us at the time of exploration and the money available to invest in the exploration process. After a number of recent high-profile discoveries in the deep-water off-shore environment, it is clear that there are huge un- tapped petroleum reserves remaining there to be discovered. We must therefore abandon our cautious approach to exploration in order to fully focus upon the full exploitation of these valuable opportunities. Discuss.

Note
THE PAPER FORMAT IS OXFORD REFERENCING SYSTEM. http://guides.is.uwa.edu.au/Oxford
This form of referencing uses footnotes to present referencing information at the foot of each page of text. A small number called a Note Identifier (usually formatted in superscript) follows any quote you use and refers to the number at the bottom of the page beside which the citation for that reference may be found.
Most computers have helpful functions to enable you to do this automatically without having to enter the numbers yourself, so if you go back to add an extra reference the numbering will automatically adjust to take this into account.
1
Note also:
It is important that your work is properly referenced as you will be submitting your work via the “Turnitin” plagiarism detection software facility on GCU Learn / Blackboard.
Your work should strictly be 1,500 – 2,500 words and be submitted as a Microsoft Word document via GCU Learn using the ’Assignments’ Menu Button latest by your submission date noted above.
Please see below some guidance on the marking criteria and the Coursework Feedback Form which will be applied in the assessment of this coursework.
Guidance on coursework requirements
Reports
The following will constitute positive criteria for marking and will be rewarded:
1. Work that is planned and structured.
2. Work which embodies an argument and is rigorous, logical and sustained.
3. Work that is concise and precise.
4. Work that is clearly presented.
5. Work that is fully referenced.
6. Text which embodies a balance of explanation and analysis.
7. Text in which specific claims made in the narrative are supported by evidence and argument.
8. Work which consistently engages with the question and is relevant to the topic.
The following will represent negative criteria for marking and will be penalised:
1. Work that is deficient in planning and structure
2. Work that is poorly argued and amorphous.
3. Work that is poorly presented.
4. Work that is poorly referenced.
5. Text in which claims made in the narrative are unsupported and which lapse into opinion and anecdote.
6. Text which is deficient in explanation and analysis.
7. Text which is simply a reproduction of lecture notes or in which originality, innovation and
imagination are conspicuous in their absence.
8. Text which does not relate to the topic.

Coursework: The Future of the Oil & Gas Industry
Assessment Criteria

Marks out of 100%
Essay is of the appropriate length (1,500 – 2,500 words)
5%
Thorough review of the evidence in relation to the current state of petroleum reserves.

20%
Analysis of the challenges faced in technological, geographical and financial terms in the exploitation of current reserves or exploration for further reserves
30%
Review of the current state of technology in relation to exploration for oil and gas, its availability and cost.
25%
Case made as to likely future trends in oil and gas reserves and availability with relevant conclusions stated.
10%
Relevant appropriate references are quoted (Using OXFORD style – see above).
10%
PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT 🙂