The MSc Oil and Gas Finance course is a one year postgraduate course designed to offer advanced study of finance in relation to oil and gas projects and ventures.
With growing demand for energy and a challenging external financial environment, the course responds to the need for specialist finance professionals versed in financial decision making in the petroleum industry. Building on RGU’s expertise in oil and gas and close association with the industry in Aberdeen (including a new Oil and Gas Institute), the course is intended to provide students with the opportunity to develop the relevant knowledge and skills to engage with the industry’s complex finance issues.
It emphasises practical problem-solving, analytical financial modelling and essential transferrable skills in researching, quantifying, evaluating and managing the financial risks and rewards of oil and gas investments. The course is a useful preparation for a career in the oil and gas industry and related roles in energy and financial markets.
Visit the website https://www.rgu.ac.uk/business-management-and-accounting/study-options/postgraduate/accounting-and-finance/msc-oil-and-gas-finance
The course has been meticulously designed to meet the demands of the sector and to tackle a full range of topics. Specifically, the course offers a dynamic mix of theoretical and practical elements required for effective financial management and investment decision making within the oil and gas industry. The MSc Oil and Gas Finance builds on RGU’s multidisciplinary expertise across the oil and gas value chain to explore the role of the finance and investment function within this spectrum as a means for creating value.
In Semester 1 students study two generic finance modules and two additional modules to provide quantitative finance basis and an understanding of specific corporate finance considerations for the oil and gas industry. Semester 2 further develops the finance and industry specific skills. The skills required for an extensive study into a particular aspect of oil and gas finance will also be developed during this semester. These are essential in Semester 3 when each student will be required to prepare and produce a self-directed dissertation.
• Oil and Gas Management
• Finance Theory
• Quantitative Methods for Finance
• Energy Finance
• Research Methods
• Petroleum Economics and Asset Management
• Financial Modelling and Valuation of Oil and Gas Projects
• Oil and Gas Markets and Derivatives
You will learn through a combination of lectures, seminars and workshop sessions. These comprise of a mix of group study, discussion, simulation and presentations of findings by teams and individuals. You will work as an individual and also as part of a team on case studies, team activities, presentations and discussions.
Teaching is a mixture of case studies, simulations, guest seminars, lectures, tutorials, computer labs, video footage, and individual or group work. Access to our virtual learning environment, CampusMoodle, is also provided giving you access from home to the learning materials (including videos, e-books and journals).
You will gain knowledge and practical skills in financial modelling, analysis, synthesis, evaluation and problem solving, through active simulation assignments and group discussions in seminars and tutorials culminating in the dissertation. We aim to produce independent thinkers who are ready and able to address the complexities and challenges of oil and gas finance faced by organisations. In collaboration with RGU’s International Oil and Gas Institute and the oil and gas industry in Aberdeen, this course is a suitably paced curriculum for providing students with the means for acquiring these relevant knowledge and skills. The unique modules and the different desirable skills and knowledge they offer are reinforced by the integrative elements of the extended dissertation and the inputs from industry. Overall, you will learn to:
• Demonstrate an advanced understanding of relevant theories, concepts, principles and frameworks of finance and a critically reflective knowledge of the basis and rationale for evaluating, analysing and synthesising key contemporary issues oil and gas industry finance.
• Demonstrate knowledge and critical understanding of appropriate analytical and modelling tools, mechanisms and markets for securing finance (through equity, debt or other suitable vehicles), optimising return and minimising risk in oil and gas investments (including derivatives).
• Demonstrate extensive detailed knowledge of the oil and gas industry data and information sources (in context within the full energy spectrum) and relevant research methods for generating and communicating original, academic, professional or practical and creative solutions to problems and issues in the area of finance.
• Critically appraise and capture the implications of complexities of oil and gas industry’s cost sharing arrangements, joint venture agreements, tax rules, environmental regulations, economic/fiscal arrangements and financial reporting standards and the international dimension of these issues in the financing/investing decision.
• Develop and authoritatively use financial tools and methodologies to extend knowledge of and critically evaluate issues in the international oil and gas industry.
• Demonstrate originality and creativity towards explaining, providing an informed opinion and advising main stakeholders on international oil and gas finance and markets.
• Provide critical input for and meticulously maintain cross-functional linkages for use of the finance function within projects in the oil and gas domain and the extended business environment.
Placements and accreditations
Our oil and gas courses are accredited by the Energy Institute and we expect that the MSc Oil and Gas Finance course will join this list in recognition of its quality and relevance to the industry. The course also shares some finance modules with the MSc Financial Management course that is recognised by the Chartered Financial Analyst Institute in their University Recognition Program
A postgraduate qualification in Oil and Gas Finance provides the graduate with extensive opportunities for a career with local, national and international companies in the fields of oil and gas finance, policy and economics.
The course structure will provide a breadth of coverage to allow graduates to pursue a variety of roles and careers in the oil and gas industry within, for example, energy companies, government departments or regulatory bodies and parastatals, consulting and research companies, and various roles in energy and financial markets and institutions, including oil and gas trading, financial analysis, equity research, benchmarking and intelligence. The qualification can also be a stepping stone for advanced research degrees (e.g., PhD) in finance.
How to apply
To find out how to apply, use the following link: http://www.rgu.ac.uk/applyonline
For information on funding, including loans, scholarships and Disabled Students Allowance (DSA) please click the following link: http://www.rgu.ac.uk/future-students/finance-and-scholarships/financial-support/uk-students/postgraduate-students/postgraduate-students/
A good honours degree in any quantitative/numerically orientated degree (including Engineering, Mathematics, Physics, Economics, Accounting, Geology, etc.) is a general entry requirement. Applicants having a degree or degree equivalent qualification and relevant work experience may also be considered, as may qualifications from approved professional accountancy bodies such as ACCA and CIMA, where the previous qualification or experience provides a suitable basis for studies in quantitative finance. All international students, for whom English is not their first language, must provide evidence of linguistic ability, by gaining either IELTS 6.5 or its equivalent in TOEFL.