Fully Funded PhD Program in Petroleum Engineering @ Heriot-Watt University [UK]: Apply by Feb 2

By: Srishti Srivastav | 13 Jan 2020 12:02 AM


Research Title: New Carbon Economy in Valuation of Energy Projects

The PhD research aims to devise a project valuation and decision framework that incorporates the dynamics of the new carbon economy. Compared to traditional models, new constraints are in place, yet at the same time, novel ways of value creation have also appeared. If a project saves on CO2 emissions by using (usually less efficient and more expensive) renewable solutions, then we should consistently account for all the costs and benefits, including the benefits of savings on CO2 allowances.

With the inherent technical complexities of upstream petroleum projects, their respective uncertainties, and the added environmental dimensions, devising an effective valuation scheme could be challenging. The research then focuses on key sources of uncertainty and aims to develop useful decision support systems.


This scholarship is available to applicants from the UK, EU and overseas.


The scholarship will cover tuition fees and provide an annual stipend of approximately £15,009 (Rs. 13,91,988 approx) for the 36 month duration of the project.


Please complete our online application form. Please select PhD Petroleum Engineering within the application and include the project reference, title and supervisor names on your application.

Please also provide a supporting statements (1-5 A4 pages), outlining how you would approach your research. This should be uploaded to the ‘project proposal’ section of the application form. You will also be required to upload a CV, a copy of your degree certificate and relevant transcripts and one academic reference. You must also provide proof of your ability in the English language.

The closing date for applications is Sunday, 2 February 2020.


For any queries, contact

Heriot-Watt University
Edinburgh, Scotland, UK EH14 4AS
Phone: +44 (0)131 449 5111

For any further information, visit the page here

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Srishti Srivastav

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