• For Entry: January | September
  • Duration: 12 months
  • School: Social Sciences
  • Study Mode: Full Time

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 CEPMLP 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.

Throughout its history, the CEPMLP has achieved continuous growth and has established international pre-eminence in its core activities: scholarly performance, high level academic research, strategic consultancy and top-quality executive education. Currently, we have over 500 registered postgraduate students from more than 50 countries worldwide.

Degrees which really make a difference

Our interdisciplinary approach to teaching, research and consultancy gives us a unique perspective on how governments and businesses operate. We offer flexible courses delivered by the best in the field, devised and continually updated in line with the Centre's unique combination of professional expertise and academic excellence.

This provides a rigorous training for graduate students and working professionals. Full-time and distance-learning degrees, intensive training programmes tailor-made for individuals or companies and short-term professional seminars are all on offer.

You owe it to yourself

We will teach you 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!



Students from around the world

CEPMLP has achieved continuous growth and has established international pre-eminence in its core activities: scholarly performance, high level academic research, strategic consultancy and top-quality executive education. Currently, we have over 500 registered postgraduate students from more than 50 countries worldwide.

We'll prepare you for managerial, advisory and academic positions in the energy sector – private sector and government.

The programme provides an intellectually challenging academic programme of study, for which you'll need 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 you for success in the rapidly evolving and highly competitive global business climate that characterises the energy sector.

All modules will be delivered on the campus of the University of Dundee in face-to-face mode. Self-study makes up a considerable proportion of the student's learning experience. Formal and informal group work occurs in some modules.

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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

How you will be taught

Our programmes offer you an unrivalled ability to tailor your study. Focus on your own particular interests and learning objectives with the wide range of possible electives.

There are core taught modules, and a choice between an internship paper or dissertation. The module options include

  • sector specific business and management modules
  • specialist economics and legal modules.

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 flexibility allows the you to pursue your specific areas of interest, whilst at the same time providing you with a theoretical underpinning via the core courses in business and management.

How you will be assessed

Assessment varies between modules including:

  • examination
  • coursework
  • case studies
  • presentations
  • a portfolio of assessed work.


What you will study

Our MSc is made up of a total of 180 credits

Core business and management

The following modules must be completed (60 Credits)

Credits: 20


The aim of this module is to equip students with the economic, technical, and institutional knowledge for understanding the working of the international petroleum industry and to develop students’ capacity in analyzing the economic and policy problems associated with international oil and gas markets. The module is organized along the petroleum product value chain, such as exploration and development, production, refining and marketing, and natural gas monetization. By completing this module, students should have the knowledge and understanding of demand, supply and price dynamics of oil, gas and refined petroleum products and the skills to analyze trends and issues in oil and gas markets and to evaluate petroleum projects, contracts, and policies. The module is designed for an interdisciplinary audience and will not require a background in economics.

Module leader

Dr Xiaoyi (Shawn) Mu



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. The module examines the behaviours, contemporary influences and dilemmas within the practice of management in knowledge intensive organisations.

Module leader

Paul Banfield

Credits: 10


The principal aim of this course is to give an appropriate understanding of the published accounts of a company and their underlying principles, so that an effective contribution may be given to the senior financial management of an organisation. Particular emphasis is given to accounts of the extractive industries.

Module leader

Donnie MacLeod

Credits: 10


This module will introduce students to the complexities of business finance and aim to give them an understanding of the basic financial 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 and the effective management of working capital requirements. The module is designed to give students an appreciation of issues of this nature they will confront 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

Core specialist

60 credits from

Strategic Management and Organisational Analysis will provide the analytical skills needed to accomplish, defend and critique a strategic business analysis.

Credits: 20


The main aim of this course is to introduce students to current methods of financial and project appraisal techniques that relate to natural resources and energy organisations. This is a practical course in which evaluation techniques and concepts are taught, such as discounted cash flow, internal rate of return and payback period, which are applied to realistic scenarios, leading to the preparation of spreadsheets, their analysis and interpretation of results. The student should be able to recommend the appropriate appraisal techniques to a given business investment along with an appreciation of social and other non-financial features. Taxation and sources of finance are also introduced in this module, but any in-depth analyses of them can only be provided in other courses.

Module leader

Ayodele Asekomeh



The main objective of the 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

Professor Peter Cameron

The aim of the module is to develop a critical understanding of objectives and implementation of the law and policy that is based on energy and climate science. The student will master the different legal actions of government to ensure it meets its climate targets.

The aim of the module is to develop a critical understanding of objectives and implementation of the law and policy  countries will need to create towards guaranteeing a just transition to a low-carbon economy.



The main objective of this course is to help the students to understand the int’l environments and of the interaction between international relations (IR) and energy and natural resources industry. This module, together with International Political Economy, is being introduced in order to provide an important political element to the MBA, LLM and MSc Programmes in general, and to form an important part of the specification of Geopolitics of Energy in particular.

Module leader

Dr Janet Xuanli Liao



The main objective of this module is to provide students with a practical understanding of commercial strategies currently utilized in the energy trading industry. The module will give an introductory overview, and practical applications of the financial and economic theories, and methodologies utilised in real and financial trading activities, options pricing, real options valuation techniques and asset optimization.

Module leader

Dr Jennifer Considine


Sufficient modules from the academic timetable to bring the total number of credits to 180

Compulsory choice

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 3-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.


Designed for graduates

Designed for graduates with a good first degree, who aspire to work in the Energy sector and who have a particular interest in Oil & Gas or related sectors

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.

Claris Ankunda

CEPMLP is more like the world because almost every continent is well represented by the students admitted at CEPMLP. I have learnt a lot from the friends I met at the university of Dundee who come from different countries with different cultures. This experience is enhanced by the different social clubs that are at the university they helped me to blend in so quickly.

Dundee as a city is a nice place to live in because it is not a very big city as such therefore it is easy to adopt and get to know your way around without difficulty. The transport routes are well coordinated therefore it is easy to go to the neighbouring cities and towns for leisure or may be to visit friends and the shopping experience is incredible too so its like having a good school and a fun city to live in all in one package.


Claris Ankunda

Exuperius Tax

[I was] intrigued by an energy policy class in my undergraduate studies as well as the recent rise to prominence of Tanzania, my country, as a potential natural gas giant of the future.

My time in Dundee has been particularly insightful as a result of the many prominent international energy industry professionals that are drawn to visit CEPMLP and present on current and emerging trends and issues in the global energy sector. Fellow students from across the world with exceptional academic backgrounds and professional repertoire as well as the diverse and outstanding array of academic and non-academic members of staff at the CEPMLP have also greatly enhanced my experience at the University of Dundee. I hope to have a lasting impact on the global energy industry in the years to come through this opportunity.

Exuperius Tax

You should have a good 4-year degree, equivalent to a UK honours degree, preferably at upper 2nd class level or above. Candidates holding the equivalent of a good 2nd class lower degree may also apply. You must provide degree certificates and academic transcripts with your application. Preferred degree disciplines are Law, Economics, Geology, Petroleum or Mining Engineering, Finance, Business, Management. Work experience in the energy/natural resources industry is an advantage, though it is not a strict requirement for admission to the MSc.

 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

The fees you pay will depend on your fee status. Your fee status is determined by us using the information you provide on your application.

 Find out more about fee status

Fee statusFees for students starting academic year 2019-20
Scottish and EU students £10,950 per year of study
See our scholarships for UK/EU applicants
Rest of UK students £10,950 per year of study
See our scholarships for UK/EU applicants
Overseas students (non-EU) £17,950 per year of study
See our scholarships for International applicants

Additional costs

You may incur additional costs in the course of your education at the University over and above tuition fees in an academic year.

Examples of additional costs:

One off costOngoing costIncidental cost
Graduation feeStudio feeField trips

*these are examples only and are not exhaustive.

Additional costs:

  • may be mandatory or optional expenses
  • may be one off, ongoing or incidental charges and certain costs may be payable annually for each year of your programme of study
  • vary depending on your programme of study
  • are payable by you and are non-refundable and non-transferable

Unfortunately, failure to pay additional costs may result in limitations on your student experience.

For additional costs specific to your course please speak to our Enquiry Team.

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 MScP041227

Course Contact

Dr Rafael Macatangay
Centre for Energy, Petroleum and Mineral Law and Policy
+44 (0)1382 386798

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