- Evaluate economic feasibility of the projects related with development of oil and gas fields.

-Apply the principles of engineering economics and time value of money to engineering projects. 

- Estimate the performance of a petroleum asset and convert the performance to a cash-flow analysis using prices and costs. 

-Incorporate government related laws such as taxes and royalty into the economic study.

-Evaluate and compare different investment alternatives based on their economic indicators such as NPV, ROR, DPI, etc. and recommend a decision.

-Analyze the recommended decision by conducting appropriate sensitivity and risk analysis through expected value concept, decision trees and visual analysis.