Course details

  • 1 day, 2 days, 3 days or 5 days
  • Fees:
    1 day - £750
    2 days - £1500
    3 days - £2025
    5 days - £3375
  • Contact us
Register or login

19 November 2018

There are some notable similarities between mineral and petroleum projects. Both are based on depleting resources and therefore companies are under constant pressure to replace reserves. The products are commoditised and globally traded on both spot and futures markets as well as being based on long-term contracts (iron ore, coal and gas supplies). These are products that have low demand elasticity, are capital intensive, require long development lead times and are associated with high technical and commercial risk. There are also environmental compliance and regulatory burdens associated with the development of all natural resource projects.

The session identifies the investment opportunities that are being offered across the whole spectrum of the mining cycle by relating this to the various funding options in the progression from exploration through evaluation, pre-production development, development and, finally, into production. It also addresses the similarities of natural resource projects, whether minerals or petroleum, while identifying their key differences.

mineral and petroleum geoscience

Schedule


Mineral and Petroleum Geosciences

Time
Session
Contributors
08.30-08.45
 

Registration

 
08.45-09.00
 
 
 

Introduction - Extractive Industry Finance and Mineral Economics.

Financial Engineering. Role of Finance in Society. Minerals. Hydrocarbons.

D Buchanan
09:00-11:00
 
 
 
 
 
 

Petroleum Geoscience.
Petroleum Geology – multidisciplinary approach to and integration of geological, geophysical and petroleum engineering data in field development and production. Unconventional Hydrocarbons - Detailed presentation of: shale-gas, shale-oil, oil shales, tight sandstone gas and tar sands.  Case history - Wessex Basin Petroleum System

Peter Fitch
11:00-11:30 Break  
11:30-13:00
 
 
 
 
 
 
 
 

Cash Flow Modelling and Financial Accounting

Accounting versus Economic model. Principles.  Performance indicators. Nominal versus real. Gold project case history

D Buchanan

13:00-14:00
Lunch
 

14:00-15:30

Coal. Organic chemistry. Coalification process. Hydrocarbon formation.  Chemical and physical properties. Coal versus gas. Coal-bed methane.

Gaseous Hydrocarbons. Liquified Petroleum Gas (LPG) versus Liquefied Natural Gas. Converting Coal Seam Gas (CSG) to LNG. Oil and LNG pricing. Henry Hub- related gas prices.

Unconventional Hydrocarbons (Supplementary). Tight Oil versus Shale Oil and Tight Gas. Oil shales. Oil sands.

D Buchanan
15:30-15:45
Break
 
15:45-17:00
 
 
 
 
 

Mineral Deposits
The origin of mineral deposits and Terminology. Strategic minerals. Chemical composition of the Earth’s crust. Geochemically abundant and scarce metals. Mineralogical barrier and nickel case history. Relationship between value and tonnage. Diversity of mineral deposits. REE and pricing mechanism. Lithium and Niobium.

D Buchanan

Presenters

Professor Dennis Buchanan (Course Director)

Emeritus Professor of Mining Geology & Senior Research Fellow, Imperial College London 

Professor Buchanan works jointly between the Department of Earth Science and Engineering and the Business School at Imperial College London and will act as the Course Director.   

Professor Buchanan's current research interest lies in addressing the underlying technical principles applying to mineral projects and demonstrating how these influence financial modelling. He has 36 years’ experience teaching mining geology, mineral exploration and mineral project appraisal and is responsible for the MSc in Metals and Energy Finance.  This is a joint degree between the Department of Earth Science and Engineering and the Business School at Imperial College. Professor Buchanan has worked as a Mining Geologist in both gold and platinum mines in South Africa and had wide experience as a consultant to industry, as an expert witness and in designing and delivering short courses for industry

Dr Peter Fitch

Senior Teaching Fellow, Imperial College London

Peter Fitch is a Senior Teaching Fellow at Imperial College London, U.K. He teaches a range of Petroleum Geoscience and Engineering lecture courses, leads the Field Development Project and various field trips that form part of MSc courses in Petroleum Geoscience and Petroleum Engineering. Peter completed his PhD thesis, entitled “Heterogeneity and the Petrophysical Properties of Carbonate Reservoirs”, in 2010 with the University of Leicester and BG Group. He has undertaken internships with Baker Hughes INTEQ and ExxonMobil Upstream Research Company in Houston, Texas, and sailed as a Physical Properties Specialist on the Integrated Ocean Drilling Program Expedition 320 in the Equatorial Pacific. Peter is a Fellow of the Higher Education Academy, has a Postgraduate Diploma in University Learning and Teaching and is currently continuing his work toward a Masters in Education.


 

Comments from past participants

Very satisfied with this course – I now have the key tools to work with as I progress my project"

It provides tools for evaluating mineral projects and critical business decision making "