• For Entry: January | February | March | April | May | June | July | August | September | October | November | December
  • Duration: 24 months - 60 months
  • School: Social Sciences
  • Study Mode: Part Time+Distance Learning

Develop investigative and analytical skills, improve your knowledge, and understand the business processes needed for a career in the oil & gas industry.

TEF Gold - Teaching Excellence Framework

The world's long-term economic development depends on the existence of efficient, innovative and creative energy and resources industries. These in turn rely on individuals who possess a sound grasp of their legal, economic, technical and policy backgrounds.

The Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP), University of Dundee is at the heart of these issues and provides the best in advanced education in its field, preparing its graduates to meet the challenges posed by the evolving global economy. Stimulated by oil and gas developments in the North Sea, the CEPMLP was established in May 1977.

Our students achieve the practical and professional skills needed to mastermind complex commercial and financial transactions in the international workplace, with exposure to many varied and exciting opportunities. Our interdisciplinary approach to teaching, research and consultancy provides a unique perspective on how governments, business and communities operate, providing the professionals of today with the ability to meet the challenges of tomorrow

As an internationally renowned graduate school in the field of international business transactions, natural resources and energy law and policy, our distance learning programmes provide a rigorous training for graduate students and working professionals who cannot afford the time to undertake full time studies.

Why study this course at Dundee?

The aim of the MBA programme is to prepare participants for managerial, advisory and academic positions in the energy sector – private sector and government. The programme will provide an intellectually challenging academic programme of study, which will demand of the student the ability to analyse, synthesise and evaluate key theoretical concepts and practical applications in energy with an emphasis on the economic dimensions of the subject. This will prepare participants for success in the rapidly evolving and highly competitive global business climate that characterises the energy sector.

The MBA programme offers students an unrivalled ability to tailor their programme of study to their own particular interests and learning objectives.  These allow for the development of in depth and specialist knowledge of business management, legal, economic and policy issues in the petroleum and related sectors of the world economy.

This programme is designed for graduates with a good first honours degree or equivalent, who aspire to work in the Energy sector and who have a particular interest in the management segment of the Oil & Gas or related sectors.

You will achieve the practical and professional skills you need to mastermind complex commercial and financial transactions in the international workplace, and we will expose you to many varied and exciting opportunities. Why not take a few minutes to complete our application form - it could be the most far-reaching career move you'll ever make!

Teaching Excellence Framework (TEF)

The University of Dundee has been given a Gold award – the highest possible rating – in the 2017 Teaching Excellence Framework (TEF).

Read more about the Teaching Excellence Framework

TEF Gold - Teaching Excellence Framework

Modes of delivery

Each module will be delivered by distance learning using the My Dundee - our online learning system.

The Study Guide

  • The student will receive a hard copy of the Study Guide
  • The Study guide will be available on the My Dundee

This Study Guide has the following aims:

  • To introduce the student to the key concepts and issues of debate.
  • To guide the student towards a wide range of reading material from which they may choose what research topics to pursue.
  • To provide the student with some opportunity for self-evaluation through a combination of short questions, tasks, exercises and case studies. 

Reading Material

  • A core reading book will be provided to the DL students
  • Core and additional reading material will be available on the My Dundee. 

Academic Support/Guidance

A core team of distance learning academic staff and tutors will provide support to the students with relation to:

  • Information on the structure and content of the programme
  • Guidance on using the full range of learning guides and tools
  • Academic questions relating to particular issues in the field of study
  • Preparation of assessments and research papers
  • Feedback on assessments and research papers

How you will be assessed

Each distance learning module will be assessed by at least two methods: EITHER

Written examination and research paper (most modules are assessed in this way).  The exam and research paper are each worth 50% of your total mark.


Written examination and case studies.  The exam is worth either 60% or 70% and the case studies are worth either 40% or 30% of your total mark respectively.

  • an Internship report - students who choose this option are required to source an organisation willing to offer a 3-month work placement, approved by an academic supervisor, or
  • Project Report of up to 8,000 words on a topic approved by academic supervisor for MSC and MBA programmes 

What you will study

Our MBA is made up of 180 credits

Core compulsory

The following modules have to be completed (80 credits)

Credits: 20


This module deals with the economic and policy aspects of the international oil and industry. It presents the specific economic characteristics of the industry and explains the developments of the industry using economic logic. The module covers the entire supply chain of the oil and gas industry and focuses both on the supply and demand sides of the industry. It also considers the current issues and challenges faced by the industry. The main aim of the module is to help students become familiar with the economic concepts relevant for the petroleum industry and apply them to analyse relevant developments and challenges of the industry.

Module leader

Professor Subhes Bhattacharyya

Credits: 10


This 10 credit course introduces the subject of financial accounting for non-accounting master’s students. It is specific to financial accounting, in that its focus is to provide a basis for the successful student to enter into management decision making processes involving the final accounts of an organisation, particularly within the extractive industries. For example, the analysed published accounts are all from the oil, gas and mining sectors, thus requiring an understanding of specific financial reporting characteristics, unique to them.

To meet the above prime objectives, the course is directed to the understanding and interpretation of accounts, rather than on their preparation. However, in order to effectively do so, there has to be an appreciation of their development, so some practical accounting work is included. In this short course, the topic of management accounting is not included.

Credits: 20


This module is designed to give students an overview of the wide and complex field of Strategic Management and Organisational Analysis. It will provide them with tools for effective executive and organisational analyses and decision making, with a specific focus on the Extractive Industries. It will raise awareness, provide skills and enable students to integrate learning from other disciplines. The module has two main components: • Firstly, acquiring theory and understanding key concepts in the field of strategy, and; • Secondly, developing the ability to apply theory, models and concepts learned to analyse organisations. This module works with two challenges, complexity and breadth. To get the most out of it, students will require to read widely and think deeply. This will give students a rewarding grasp of a vital subject.

Module leader

Dr Ian Robson



This module will introduce the students to the complexities of business finance and aim to give them an understanding of the issues business managers in the energy and extractive industries are required to consider in the decision-making process. All managers, in all types of organisations, have to be constantly aware of the financial implications of decisions being made, including sources and cost of finance, return on investment, management of working capital requirements and of associated business and financial risk. The module is designed to give students an appreciation of the financial management issues they will encounter as managers and to give them the confidence in the understanding of finance to be able to ensure the correct financial information is available to them to allow for well informed decision making.

Module leader

Mr Donald MacLeod

Credits: 20


The aim of this module is to develop the student’s critical understanding and application of models, approaches and tools for the management of complex energy and natural resources organisations.

Core specialist

Minimum of 40 credits from

Credits: 20


The main objective of this module is to provide an understanding of the main law and policy issues in the international petroleum industry, with an emphasis upon transactional agreements concluded between host government and oil company/investors.

Common and diverging objectives between the two parties and indeed among the international corporate and financial investors themselves are faced in a candid and practical way, with an emphasis upon ways of accommodating the interests of diverse stakeholders in the development of petroleum resources.

A brief introduction is provided to petroleum taxation issues. The module focuses upon problem-solving techniques in a variety of settings, noting the inputs of lawyers, economists, accountants, engineers and geologists.

Module leader

Dr Abba Kolo

Credits: 20


Downstream energy law and policy is concerned with the structure and regulation of gas and electricity markets. With the advent of liberalisation, most gas and electricity markets have become semi-competitive. There are regulatory structures to control entry to the market. There are rules on how the producers / generators interact with the suppliers – either bilateral markets or pools. There are rules for producers / generators which get special treatment – frequently state-owned companies and renewable generators. There are measures to control security of supply. There are measures dealing with pass through of costs – and attempts to ensure that the consumer price does not reach unacceptable levels. The course looks at regulatory structures – the role of government; the role of the independent regulator; the role of the market operator and the transmission system operator. The course looks at the options for structuring liberalised and semi-competitive markets. It looks at measures to reduce investment risks for additional capacity. It recognises that the position of capacity short markets is different from that of markets with capacity excess – even if in the long term, both ultimately want the same thing…cheap and reliable delivery of the commodity.

Module leader

Stephen Dow



The module aims to provide an understanding of the regulatory and contractual mechanisms required to make a single jurisdiction work in relation to petroleum law. The emphasis is on providing the student with knowledge and understanding of the differences (and similarities) between regimes based on licences, and those based on production sharing contracts.

All oil and gas law throughout the world is the same at a basic level – international law determines which state is entitled to the resource; the entitled state grants rights to individuals to extract the resource; the individuals agree amongst themselves as to how to split the costs and benefits; there is unitisation if necessary; the production is taxed; pipelines etc are built to move the production; the production is sold; and the facilities are ultimately decommissioned. This module aims to show the different models states adopt to facilitate petroleum production, including showing the role for state companies.

Module leader

Stephen Dow

Core business and management

40 credits from

Credits: 20


The main aim of this course is to introduce you into current appraisal techniques and concepts that relate to natural resources and energy organisations. It focuses on the internal investment decision from the perspective of the operational manager. The key starting point is the question: how can companies create value through sound investment decisions in order to support the business? As a result, we are concerned with the deployment of finance, rather than how it is generated from the financial markets.

This is a practical course in which evaluation techniques, such as discounted cash flow analysis, are applied to realistic scenarios, leading to the preparation of spreadsheets, their analysis and interpretation of results. The objective is the capability to recommend appropriate appraisal techniques to a given business investment, along with an appreciation of social and other non-financial features, underpinned by a basic understanding of the principles of risk analysis.

Credits: 20


This module aims to provide students with a strategic understanding and key skills in managing human resources more effectively in the energy and extractive industries. It focuses on the core human resource problems faced by all organizations, including culture change, the contribution of human resources to organizational performance and change, and the developing role of information and communication technologies (ICT), recruitment, selection and retention, human resource development and managing knowledge, motivation and performance management, compensation and rewards, the design of work, and employee relations.

Compulsory choice modules

20 credits from

Credits: 20


The project report contributes to the achievement of the aims of the Masters degree, by:

  • promoting a deep and critical understanding of specific issues to the specialisation of the student
  • developing originality of thought and the skills of research, analysis, argumentation and expression
  • building upon, developing and integrating the knowledge and skills acquired in taught modules

The project report should be approximately 8000 words.

Credits: 20


The internship provides the student with the opportunity to apply in the workplace the knowledge and skills learnt at CEPMLP and to learn how professionals in the field perform their tasks.

Students who choose this option are required to source an organisation willing to offer a 1-month work placement, approved by an academic supervisor. The Internship includes the submission of a written report as part of the assessment.

The internship requires an intellectual report of approximately 5000 words.

What sort of jobs do alumni of CEPMLP go on to do?

The answer is a wide range of varied roles. It is important to be aware that as with any job it depends upon your level of experience and skills set as to whether the role would be suitable for you, there is no one size fits all.

Past alumni have found employment with a variety of organisations including National Oil Companies, Exploration and Production Companies, Government and Ministries and Commercial Organisations including Banks, Law Firms and Global Consultancies.

Students will normally be expected to have a degree or equivalent professional qualification and at least 2 years work experience.

 EU and International qualifications

English Language Requirement

IELTS Overall 6.5
Listening 6.0
Reading 6.0
Writing 6.0
Speaking 6.0

 Equivalent grades from other test providers


English Language Programmes

We offer Pre-Sessional and Foundation Programme(s) throughout the year. These are designed to prepare you for university study in the UK when you have not yet met the language requirements for direct entry onto a degree programme.

 Discover our English Language Programmes

  Distance Learning
Registration Fee (non-refundable) £ 480
CEPMLP Specialised Modules (20 credit modules, applicable to all degrees) £ 1350
CEPMLP Specialised Modules (10 credit modules, applicable to all degrees) £ 810
Dissertation/Internship £ 1710
Additional Costs:  
Additional exam fee £ 150
Exemption request fee £ 300

All Distance Learning course fees include one examination fee and courier charges.

Advance notice is required (minimum of 6 weeks) for all on-campus courses due to class size restrictions. Contact the Distance Learning administrator for further information. 

All fees are subject to increases without prior notification.


Full time fees

You apply for this course via the UCAS Postgraduate website which is free of charge. You can check the progress of your application online and you can also make multiple applications.

You'll need to upload relevant documents as part of your application. Please read the how to apply page before you apply to find out about what you'll need.

  Degree Course code
Apply nowInternational Oil and Gas Management (Distance Learning) MBAP046451

Course Contact

Helen Bone
Centre for Energy, Petroleum and Mineral Law and Policy
+44 (0)1382 388350

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