This course is intended for fourth year students.  This course is offered as a must course.  The course is designed to provide students with the opportunity to acquire technical data, analyze them, and use them to solve petroleum and natural gas engineering systems.  Course material will include the analysis of data and the definition, measurement and application of risk to project design.  The class will be divided into teams and students will be evaluated on the basis of their contribution to the team effort.  All reports and presentations will be presented to the class as a product of the team. Students are going to experience analyzing different field development alternatives for a real field by applying reservoir/production engineering methods including volumetric estimation, decline curve analysis, material balance analysis, production design, screening of EOR methods, economic analysis and evaluation.