This course units covers topics in regard to the oil and gas economy and all the governing polices and regulation in the oil and gas industry. The course outline is designed to provide the learners with basic knowledge in the following areas; Principles, methods and Techniques of petroleum economics, Managing and Mitigation uncertainty and Risk, Application and Project Evaluation, Valuing Petroleum Assets, Portfolios and Companies, Demand and Marketing of petroleum Products and finally the oil & gas contracts, Policies and Regulations