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Economics of Petroleum Production - A Compendium Volume 2: Value & Worth
Multi-Science Publishing, July 2004, Pages: 284
There is an oil industry adage that exploration for hydrocarbons always loses money, while production of hydrocarbons always makes money. To what extent that statement is true, is at the heart of this work. Production may indeed always make money, but it is always possible to make more or to make less! To maximise a given opportunity, the skills of a geologist alone are not sufficient, neither are just an economist's skills enough. This Compendium recognises the complexity of petroleum production economic risk problems, and offers itself as both an introduction and a foundation for further thought and research.
Message from the authors
'In our opinion, the body of work presented in the compendium should be of benefit to professionals in the oil industry who are actively involved in the economic risk theatre; and also to graduate students studying hydrocarbon production.'
I Lerche & S Noeth
Target Markets:
- Oil companies
research departments
economic/reserves/forecasting
- Oil companies
exploration & production divisions
- Universities
departments of petroleum geology/geoscience/earth science
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