Petroleum Economics and Management

Petroleum Economics and Management
4 or 5 years of higher education
Training pace
In brief


The energy and transport sectors continue to have the greatest dependence on Oil & Gas. While the energy transition aims to find substitutes for these energy sources in the medium term by emphasizing technological innovation, the economic and financial challenges faced by these sectors cannot be ignored. Our Petroleum Economics and Management program will provide you with multifaceted expertise, recognized for the ability to fully grasp the economic challenges within the sector. You’ll receive customized training developed in cooperation with renowned international academic partners, and you’ll work within a multicultural environment that will advance your career on an international scale. Energize your potential!

The key points of the program

International mobility

Career prospects for graduates

Energy: economics/marketing and management
Energy: upstream and downstream techniques
Banking and trading
Program & planning

Program at IFP School

Business and management

  • Business accounting

  • Strategic management and marketing


  • Energy geopolitics and global outlook
  • Upstream management
  • Downstream management
  • CO2 economics and sustainable energies
  • Electricity management and digitalization
  • Energy markets and trading
  • Petroleum engineering: reservoir and production
  • Refining and process engineering

Quantitative tools applied to energy

  • Efficiency analysis

  • Decision science and optimization

  • Financial econometrics and forecasting

Program of the partner institutions

The Petroleum Economics and Management program is organized in collaboration with partner universities. Students must attend a fall term in one of the following partners, in the case of “Single degree + internship” track:

  • Audencia School of Management (France)
  • CEPMLP – University of Dundee (Scotland)
  • China University of Petroleum at Beijing (China)
  • ESSEC (France)
  • Skoltech (Russia)
  • University of Alberta (Canada)
  • University of Sao Paulo (Brazil)

When attending two fall terms in one of the following institutions, successful students are awarded two degrees.

  • Colorado School of Mines: MS Mineral and Energy Economics
    • micro/macro-economics
    • mineral asset valuation
    • energy economics
    • etc.
  • Gubkin University of Oil & Gas: Master of Economics
    • micro/macro-economics
    • petroleum economics
    • mathematics and statistics
    • etc.
  • Oklahoma University: MBA program
    • managerial economics
    • financial markets
    • negotiation and leadership
    • etc.
  • Texas A&M University: M Eng in Petroleum Engineering
    • reservoir engineering
    • fluid flows
    • drilling
    • production
    • EOR
    • etc.


The two examples of schedules shown below correspond to the most frequently encountered cases for students in this program: 16-month program for students with a 4- or 5-year degree

  • with two terms on the partner’s campus (CSM, OU, TAMU, Gubkin) to obtain a double-degree
  • or with one term on the partner’s campus (all other partner institutions) and a placement period in a company for the IFP School single-degree track

Planning of Petroleum Economics and Management



Career opportunities


  • Energy business & economics
  • Strategic management & marketing
  • Management consulting & analytics
  • Energy finance, banking & trading
  • Energy techniques & engineering


A few examples:


  • Energy industry analyst, market economist: analysis of the oil, gas and electricity markets. Short-term and long-term price and trend forecasts
  • Project economist: energy project profitability study (upstream, downstream) and feasibility studies
  • Trader/assistant trader (back, middle or front office): hedging tools and physical flows management
  • Consultant: project studies, integration of environmental constraint in corporate policy, risk management
Funding & sponsorships

Typical class profile

Students in this program are either self-financed or sponsored by companies (through sponsorships or study leave) that finance their living expenses during their academic period and contribute towards their tuition.

Main sponsors

Among these companies, the following have been IFP School partners in recent years (non-exhaustive list):

  • Cepsa
  • Gazprom
  • Pemex
  • Perenco
  • Sasol
  • Saudi Aramco
  • Schlumberger
  • TotalEnergies