As the main sources of energy oil and gas play crucial role for every economy and modern civilization in general. All together with respect to the world economy dynamics, political instability and population growth worry about the prospects of energy security. It means that management in extracting industry faces new challenges going further than standard risks variations. Managers of oil and gas extracting companies have to take into account social, political, economic, environmental and legal aspects beyond decisions they make. Master program “Oil and Gas Management” provides a wide range of disciplines and research topics building up proper competences.

Program goal

Aim of the MEP «Oil and Gas Management» is to train highly qualified analysts and decision-makers, who are ready to work effectively for the needs of future oil and gas industry both in regional and in global context and who are able to meet challenges the industry face today and will face tomorrow. Along with specific design the MEP is tailored to meet all the requirements of the state educational standard in the field «Management».

Duration of study

Two academic years

Language of instruction



  • the Program covers a wide range of disciplines that provide a systematic understanding of internal and external oil and gas industry conditions and operations: finance, strategy, technology, energy policy, energy markets
  • Practical Courses "Study of Geological Oil Structures" and "Oil Production" (with a site visit to oil fields in the Novosibirsk region)
  • an orientation towards applied research and analytical activities that add value in resumes for high level academic and business careers
  • students in the Program can take courses in any other program of department without additional payment as long as the "Oil and Gas Management" Program requirements are fulfilled

Program structure

 First year, Fall Semester
Obligatory courses Credits Certification
Managerial Economics 4 Exam
Organization Theory and Organizational Behavior 3 Exam
Corporate Finance 3 Exam
Contemporary Strategic Analysis 3 Exam
Economics of Oil and Gas Industry 2  Test
Geology of oil and gas exploration 3  Test
International Business 2  Test
Field research and survey practice “Study of petroleum geological structures” 2.5 Test
Courses at the choice of the student
English academic writing 2.5 Test
Russian as a foreing language 2.5 Test
Foreign language (French, Spanish) 2.5 Test
 First year, Spring Semester
Obligatory courses
Managerial Research Technique 4 Exam
Technologies of Oil and gas Production 3 Exam
International Energy Markets 3 Test
International Monetary Relations 3 Test
Economics of Oil and Gas Industry (part 2) 3 Exam
Courses at the choice of the student
Academic writing 2.5 Exam
Russian as a foreing language 2.5 Exam
Foreign language (French, Spanish) 2,5 Exam
The international Energy Policy 3 Test
Contemporary Industrial Markets 3 Test
 Second year, Fall Semester
Obligatory courses
Field production practice “Main field operations of oil production” 4 Credit
Courses at the choice of the student
Oil and gas project assessment 3 Test
Financial instruments of project management 3 Test
Energy and Sustainable Management 3 Test
Regional Dimensions of Energy Security 3 Test
Field production practice “Main field operations of oil production” (obligatory) 4 Credit
 Second year, Spring Semester
Courses at the choice of the student
Comparative management 3 Test
Managing Innovations Test
Social Aspects of Energy Consumption 3 Test
Thesis Defense

Master dissertation

To complete the MEP «Oil and Gas Management» a student also undertakes a substantial project under the supervision of a faculty member, and writes a Master dissertation reporting the results. Such projects can be in any of the areas covered by the Program, including strategic decisions, investments, finances, marketing and other aspects within the topic related to oil and gas management. The topic is to be approved by faculty committee. Master dissertation should contain overview reflecting a shared professional erudition of the author, as well as independent research part with the student's own research results. Master's graduate work is a self-completed study which is devoted to the decision of scientific or practical problem.

Examples of topics

  • Outsourcing of Gas and Oil Service As a Way for Russian Gas & Oil Majors to Encrease the Economic Efficiency
  • Investment Attractiveness of Renewable Energy Companies
  • Comprehensive Estimation of the Financial Position of Russian Oil and Gas Companies Against the Background of World’s Oil and Gas Industry Development
  • Situation Management for Innovative Projects in the Oil and Gas Sector
  • Dividend policy in oil and gas companies
  • Analyzing the effect of international economic sanctions on Middle East oil and gas industry (case of Iran)
  • Analysis of the application of different taxation regime in the development of offshore field
  • Determining the influence of oil and gas rent  on the efficiency of monetary policy
  • Mathematical modeling of of Heavy Oil Market
  • Economic motivation of investment in oil and gas projects with product sharing agreement (on example of Sierra Leone oil shelf)  

Training base

The Institute of Economics and Industrial Engineering (Siberian Branch of Russian Academy of Science) is considered as a base for research activity at the faculty of Economics. Most lecturers are full-time researchers at the IEIE SB RAS.

Fees and Financial support

Tuition fees

Tuition fees is U.S. $5200 per year.


Every year foreign students have an opportunity to apply for the Russian Government Scholarship Program

Benefits: full tuition, monthly stipend
Application deadline: depends on the country of applicant

You also have an opportunity to participate in the "Open Doors” Russian Scholarship Project and win a full scholarship to study Master’s program.

Benefits: full tuition, monthly stipend.
Application deadline: 25 December 2020

Career opportunities

Many graduates of the department have become a part of Russian scientific elite honorably representing the national science abroad. The department graduates also succeed in business and banking industry. As a rule, they become managers, CEOs of large and medium-sized companies as they are well-oriented not only in economic but also psychological and sociological aspects of business.

Entrance requirements

  • Copy of the 1st page of your travelling passport with your personal data
  • Legalized (if required) educational certificate
  • Legalized (if required) academic transcripts (transcript of record, university degree/s, diploma supplements)
  • 2 photos
  • English language course marks sheet/TOEFL certificate or other international certificates (in case English is not your mother tongue and your previous education wasn't in English)
  • Curriculum Vitae
  • Motivation Letter (1-2 pages)
  • Medical certificate of overall health condition
  • HIV + AIDS certificates

Note! For enrollment you have to submit both original and notarized Russian translations of the required documents to the NSU Admission Office.

Application deadlines

Till August 6 fill the application form and provide full set of scanned documents