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| petroleum economics and management: Petroleum Economics Jean Masseron, 1990 This book is a valuable tool in understanding the dynamics of the oil industry from both a broad and specific economic perspective. It contains insights into the underlying features and mechanisms of the oil industry and its many branches, as well as a special emphasis on relevant international problems. It also provides a wealth of statistical information and should be of interest to all concerned with energy matters” (Euroil). “Petroleum Economics, by Jean Masseron, is a fine introductory text to the entire scope of activities and economic conditions facing the world-wide petroleum industry” (AAPG Bulletin). “This book, already used by many organizations, should be especially useful for engineers, economists and managers concerned with energy matters, and also those who, beyond the technical aspects, wish to acquire and in-depth understanding of the economic mechanisms in a vital sector for world development today” (JCPT). Contents : Introduction: Principal economic characteristics. I. Crude oil supply and demand. 1. The crude oil market. 2. Technical cost of exploration and production. 3. Tax and legal aspects. II. The economics of crude oil transportation. 1. Transportation by tanker. 2. Crude oil pipelining. III. Finished products supply: refining. 1. The search for optimal economic conditions. 2. Present unit location and cost of refinery processing. 3. Legal organization. IV. Demand and marketing of petroleum products. 1. The petroleum products in the principal consuming countries. 2. The distribution of petroleum products. 3. The marketing of petroleum products. V. Petrochemicals. 1. General characteristics. 2. Economics of two large basic units. 3. The market for the principal finished products. 4. Problems of today. VI. Natural gas. 1. Natural gas supply in the world. 2. Transportation. 3, International markets and prices. Conclusion: Energy and petroleum problems of the future. Bibliography. |
| petroleum economics and management: Petroleum Economics and Engineering M.A. Al-Sahlawi, 1992-01-22 Revised and updated to reflect major changes in the field, this second edition presents an integrated and balanced view of current attitudes and practices used in sound economic decision-making for engineering problems encountered in the oil industry. The volume contains many problem-solving examples demonstrating how economic analyses are applied |
| petroleum economics and management: The Changing World of Oil: An Analysis of Corporate Change and Adaptation Jerome Davis, 2016-12-14 This book examines broad questions of industrial change in order to explain developments in the oil industry. In contrast to most other work on this industry, firms are considered to be the dependent variables rather than the future production and demand for oil and gas. An analysis of the industry is made by examining how corporations change their operating environments and are themselves changed by their environments. Particular attention is paid to 'mega-mergers' and to industrial downsizing and outsourcing. The significance of such restructuring for the societies the companies serve is also considered and comprehensive use is made of recent theories of the firm. It shows how such theories can be used to analyze a key world-wide industry. The distinctive approach of this book will help extend readers' understanding of the oil industry beyond the more conventional studies. |
| petroleum economics and management: Oil and Gas Exploration and Production Denis Babusiaux, 2007 The steps that lead to the production of oil and gas are diverse, complex and costly. They are diverse because the detection of oil and gas involves input from many specialties, ranging from geology to reservoir engineering. They are complex, as shown by the development of the job of the petroleum architect, who coordinates all the operations. They are costly, as the investments for exploration and production represent more than half of all investments in the oil and gas sector. Moreover, exploration is a risky activity, both from the technical and financial viewpoint: only one well in five produces marketable oil. Meanwhile, the areas for exploration and production are spread throughout the world. |
| petroleum economics and management: Economics of Worldwide Petroleum Production Fraser H. Allen, Richard D. Seba, 1993 |
| petroleum economics and management: The Economics of Oil S.W. Carmalt, 2016-12-26 This book examines the ways that oil economics will impact the rapidly changing global economy, and the oil industry itself, over the coming decades. The predictions of peak oil were both right and wrong. Oil production has been constrained in relation to demand for the past decade, with a resulting four-fold increase in the oil price slowing the entire global economy. High oil prices have encouraged a small increase in oil production, and mostly from the short-lived “fracking revolution,” but enough to be able to claim that “peak oil” was a false prophecy. The high oil price has also engendered massive exploration investments, but remaining hydrocarbon stocks generally offer poor returns in energy (the energy return on investment or EROI) and financial terms, and no longer replace the reserves being produced. As a result, the economically powerful oil companies are under great pressure, both financially and politically, as oil remains the backbone of the global economy./div”Development scenarios and political pressure for growth as a means of solving economic woes both require more net energy, which is the amount of energy available after energy (and thus financial) inputs required for new sources to come on line are deducted. In today’s economy, more energy usually means more oil. Although a barrel of oil from any source may look the same, “tight oil” and oil from tar sands require much higher prices to be profitable for the producer; these expensive sources have very different economic implications from the conventional oil supplies that underpinned economic growth for most of the 20th century. The role of oil in the global economy is not easily changed. Since currently installed infrastructure assumes oil, a change implies more than just substitution of an energy source. The speed with which such basic structural changes can be made is also constrained, and ultimately themselves dependent on fossil fuel inputs. It remains unclear how this scenario will evolve, and that uncertainty adds additional economic pressure to the investment decisions that must be made. “Drill baby drill” and new pipeline projects may be attractive politically, but projections of economic and associated oil production growth based on past performance are clearly untenable. |
| petroleum economics and management: Project Management in the Oil and Gas Industry Mohamed A. El-Reedy, 2016-02-09 Oil and gas projects have special characteristics that need a different technique in project management. The development of any country depends on the development of the energy reserve through investing in oil and gas projects through onshore and offshore exploration, drilling, and increasing facility capacities. Therefore, these projects need a sort of management match with their characteristics, and project management is the main tool to achieving a successful project. Written by a veteran project manager who has specialized in oil and gas projects for years, this book focuses on using practical tools and methods that are widely and successfully used in project management for oil and gas projects. Most engineers study all subjects, but focus on project management in housing projects, administration projects, and commercial buildings or other similar projects. However, oil and gas projects have their own requirements and characteristics in management from the owners, engineering offices, and contractors' side. Not only useful to graduating engineers, new hires, and students, this volume is also an invaluable addition to any veteran project manager's library as a reference or a helpful go-to guide. Also meant to be a refresher for practicing engineers, it covers all of the project management subjects from an industrial point of view specifically for petroleum projects, making it the perfect desktop manual. Not just for project managers and students, this book is helpful to any engineering discipline or staff in sharing or applying the work of a petroleum project and is a must-have for anyone working in this industry. |
| petroleum economics and management: Petroleum Resource Management in Africa Theophilus Acheampong, Thomas Kojo Stephens, 2022-05-03 This book explores Ghana’s newfound oil wealth and how the revenues it generates can be used to produce inclusive economic growth and development. Comparisons are made with neighboring countries, including Nigeria, Angola, and Equatorial Guinea, to highlight how petroleum resources can create jobs, increase research and development skills, and generate government revenue to invest in local services and infrastructure. The impact of global developments, such as the 2014-16 oil slump and innovation within the industry, are also covered. Petroleum Resource Management in Africa to provide policy suggestions and an operational framework for other petroleum producing countries. It will be of interest to academics and policymakers interested in resource and development economics. |
| petroleum economics and management: Energy Economics Subhes C. Bhattacharyya, 2019-11-02 This book provides an updated and expanded overview of basic concepts of energy economics and explains how simple economic tools can be used to analyse contemporary energy issues in the light of recent developments, such as the Paris Agreement, the UN Sustainable Development Goals and new technological developments in the production and use of energy. The new edition is divided into four parts covering concepts, issues, markets, and governance. Although the content has been thoroughly revised and rationalised to reflect the current state of knowledge, it retains the main features of the first edition, namely accessibility, research-informed presentation, and extensive use of charts, tables and worked examples. This easily accessible reference book allows readers to gain the skills required to understand and analyse complex energy issues from an economic perspective. It is a valuable resource for students and researchers in the field of energy economics, as well as interested readers with an interdisciplinary background. |
| petroleum economics and management: The Taxation of Petroleum and Minerals Philip Daniel, Michael Keen, Charles McPherson, 2010-04-15 Oil, gas and mineral deposits are a substantial part of the wealth of many countries, not least in developing and emerging market economies. Harnessing some part of that wealth for fiscal purposes is critical for economic development: in few areas of economic life are the returns to good policy so large, or mistakes so costly. |
| petroleum economics and management: Petroleum Economics and Management , 1969 |
| petroleum economics and management: The Global Oil and Gas Industry Andrew C. Inkpen, 2016 |
| petroleum economics and management: , |
| petroleum economics and management: The International Political Economy of Oil and Gas Slawomir Raszewski, 2017-11-15 This book addresses energy research from four distinct International Political Economy perspectives: energy security, governance, legal and developmental areas. Energy is too important to be neglected by political scientists. Yet, within the mainstream of the discipline energy research still remains a peripheral area of academic enquiry seeking to plug into the discipline’s theoretical debates. The purpose of this book is to assess how existing perspectives fit with our understanding of social science energy research by focusing on the oil and gas dimension. |
| petroleum economics and management: Economic Analysis of Oil and Gas Engineering Operations Hussein K. Abdel-Aal, 2021-02-26 Engineers seek solutions to problems, and the economic viability of each potential solution is normally considered along with the technical merits. This is typically true for the petroleum sector, which includes the global processes of exploration, production, refining, and transportation. Decisions on an investment in any oil or gas field development are made on the basis of its value, which is judged by a combination of a number of economic indicators. Economic Analysis of Oil and Gas Engineering Operations focuses on economic treatment of petroleum engineering operations and serves as a helpful resource for making practical and profitable decisions in oil and gas field development. Reflects major changes over the past decade or so in the oil and gas industry Provides thorough coverage of the use of economic analysis techniques in decision-making in petroleum-related projects Features real-world cases and applications of economic analysis of various engineering problems encountered in petroleum operations Includes principles applicable to other engineering disciplines This work will be of value to practicing engineers and industry professionals, managers, and executives working in the petroleum industry who have the responsibility of planning and decision-making, as well as advanced students in petroleum and chemical engineering studying engineering economics, petroleum economics and policy, project evaluation, and plant design. |
| petroleum economics and management: Project Management for the Oil and Gas Industry Adedeji B. Badiru, Samuel O. Osisanya, 2016-04-19 Project management for oil and gas projects comes with a unique set of challenges that include the management of science, technology, and engineering aspects. Underlining the specific issues involved in projects in this field, Project Management for the Oil and Gas Industry: A World System Approach presents step-by-step application of project manag |
| petroleum economics and management: Engineering Economy in Upstream Oil & Gas Field Development Menglan Duan, Mac Darlington Uche ONUOHA, 2021-02-09T00:00:00+01:00 The business of upstream oil and gas industry is a complex process that involves multidisciplinary participation. Producing crude oil and natural gas from the subsurface reservoir rocks to the point of the selling terminal requires stage by stage processes that costs several hundreds of millions of dollars to the operating companies. Because of the capital intensive nature of upstream investments, every required process is challenged of its economic impact or benefits it will have on the project’s net present value (NPV). The techniques applied in determining the economics of these processes and their selection criteria are addressed in the book. This book guides the reader through these strategic processes, and presents the participants involved in the business of upstream oil and gas prospecting and the conditions that dictate the field development and investment decisions by investors. It also reveals the shared interests and relationships that exist between international oil companies (IOCs) and national oil companies (NOCs) in the exploration and exploitation of their hydrocarbon resources and reserves. This text will serve the purpose of teaching and learning to those in the energy and financial sectors, as the methods, tools, and techniques discussed throughout the chapters will equip students, tutors, experts, and professionals with the necessary skills and knowledge of Exploration and Production (E&P) projects and energy financing and investment. The principles of project management as it applies in upstream oil/gas projects are discussed as well. And the criteria for project ranking, selection, and budgeting which are sine qua non to project financing and execution are well documented in this book. |
| petroleum economics and management: Hydrocarbon Exploration and Production Frank Jahn, 1998-03-13 This book on hydrocarbon exploration and production is the first volume in the series Developments in Petroleum Science. The chapters are: The Field Life Cycle, Exploration, Drilling Engineering, Safety and The Environment, Reservoir Description, Volumetric Estimation, Field Appraisal, Reservoir Dynamic Behaviour, Well Dynamic Behaviour, Surface Facilities, Production Operations and Maintenance, Project and Contract Management, Petroleum Economics, Managing the Producing Field, and Decommissioning. |
| petroleum economics and management: Recent Modelling Approaches in Applied Energy Economics O. Bjerkholt, O. Ølsen, J. Vislie, 2012-12-06 construction. Naturally, we are open to suggestions from all readers of, and contributors to, the series regarding its approach and content. Finally, I would like to thank all those who have helped the launch of this series. The encouraging response received from authors who have contributed the forthcoming volumes and from the subscribers to the series has indicated the need for such a publication. Homa Motamen-Scobi London December 1987 Preface In 1990 both OPEC and the OECD will celebrate their thirtieth anntvers aries. OPEC was founded - rather unnoticed - by oil-producing countries still struggling to gain control over national petroleum resources. Future members were still under colonial rule. The foremost aim of the new organization - years before it was able to make metropolitan newspaper headlines - was stabilizing oil prices. Stability in those days meant prevent ing oil prices from falling in real terms. The OECD was formed by mostly mature industrial economies marking the normalization of the postwar international economy after years of reconstruction, strict trade regulations, etc. The aim of the new organization was to promote 'the highest sustainable growth and employment' in member countries. Incidentally, 1960 was also the year which gave birth to a more loosely defined block in the world community, namely the underdeveloped countries, qS the African colonial empires finally broke up. The two organizations became adversaries in the 1970s in the power struggle over the energy flows of the world. |
| petroleum economics and management: Petroleum Economics and Engineering Hussein K. Abdel-Aal, Mohammed A. Alsahlawi, 2013-12-14 This book explains how to apply economic analysis to the evaluation of engineering challenges in the petroleum industry. Discussion progresses from an introduction to the industry, through principles and techniques of engineering economics, to the application of economic methods. Packed with real-world examples and case studies demonstrating how to |
| petroleum economics and management: Petroleum Industry Transformations Taran Thune, Ole Andreas Engen, Olav Wicken, 2018-10-03 Taking the case of the Norwegian petroleum industry as its vantage point, the book discusses the question of industrial transformations in resource-based industries. The book presents new, empirically-based analyses of the development of the petroleum industry, with an emphasis on three ongoing transformation processes: Technological upgrading and innovation in upstream petroleum. Globalisation of the petroleum industry and suppliers’ experiences of entering foreign markets. Diversification into and out of petroleum – and the potential for new growth paths after oil. Drawing together a range of key thinkers in this field, this volume addresses the ways in which the petroleum industry and its supply industry has changed since the turn of the millennium. It provides recommendations for the development of resource economies in general and petroleum economies in particular. This book will be of great interest to students and scholars of energy policy and economics, natural resource management, innovation studies and the politics of the oil and gas sector. |
| petroleum economics and management: Optimal Supply Chain Management in Oil, Gas, and Power Generation David Jacoby, 2012 David Jacoby's highly regarded book addresses the specific supply chain management characteristics and needs of oil, gas, and power companies, and contains a wealth of industry-specific examples. Jacoby provides a toolbox for large-scale capital expenditure decision making and for transforming capital and operation expenditures to exert a visible financial impact in oil, gas, and power companies. The supply chain risk management decision analysis tools offered by Jacoby will help operators increase economic value added while enhancing safety and stewardship of the environment. This book is an invaluable reference resource for chief operating officers; chief financial officers; engineers; vice presidents of supply chain, operations, or production; and directors and managers of procurement, purchasing, operations, or materials management. |
| petroleum economics and management: Papers Presented at the 5th Annual Petroleum Economics and Management Conference, Mar. 22-Apr. 5, 1969 Northwestern University (Evanston, Ill.). Transportation Center, 1969* |
| petroleum economics and management: Environmental Management in Oil and Gas Exploration and Production Oil Industry International Exploration and Production Forum, 1997 |
| petroleum economics and management: Petroleum Economics Rognvaldur Hannesson, 1998-10-28 The petroleum industry is arguably the most influential and important industry in the world. This book offers a comprehensive introduction to the economics of oil and natural gas extraction and production along with a detailed discussion of pricing, taxing, and markets of these most valuable commodities. The optimization of the time profile of revenues from individual fields is discussed along with the development of oil pricing, tax systems, and oil and natural gas regulation. This book will be of great value to petroleum engineers, students in business and economics, policy makers, and anyone else interested in the future of petroleum production. |
| petroleum economics and management: Oil Transport Management Y.H. Venus Lun, Olli-Pekka Hilmola, Alexander M. Goulielmos, Kee-hung Lai, T.C. Edwin Cheng, 2012-07-25 The first volume in a new Springer Series on Shipping and Transport Logistics, Oil Transport Management provides a full historical account of the evolution of the oil transport industry since the 1800's. In this comprehensive guide, the authors investigate the industry and describe the shipping market and its structure, as well as forecasting, location plan and the transportation chain. They dedicate a separate chapter to each topic to cover various concepts, including: an introduction to the tanker shipping market, including how the freight, new vessel building, second hand and demolition markets influence one another, the economic structure and organization of the tanker industry in both the past and present, and forecasting the need for oil-based sea transportation. Further chapters present case studies and simulations to illustrate the importance of factory location decisions and the need for oil infrastructure investments. Chapter One also includes a regression equation to predict the fleet size in tanker shipping. Oil Transport Management is a key reference, which can be practically applied to wider global research and practices. Ideal for both industry practitioners, and researchers and students of shipping studies, Oil Transport Management provides a concise yet comprehensive coverage of the oil transport industry's history and a guide for its future development. |
| petroleum economics and management: Petroleum Economics and Risk Analysis Mark Cook, 2021-01-29 Petroleum Economics and Risk Analysis: A Practical Guide to E&P Investment Decision-Making, Volume 69, is a practical guide to the economic evaluation, risk evaluation and decision analysis of oil and gas projects through all stages of the asset lifecycle, from exploration to late life opportunities. This book will help readers understand and make decisions with regard to petroleum investment, portfolio analysis, discounting, profitability indicators, decision tree analysis, reserves accounting, exploration and production (E&P) project evaluation, and E&P asset evaluation. - Includes case studies and full color illustrations for practical application - Arranged to reflect lifecycle structure, from exploration through to decommissioning - Demonstrates industry-standard decision-making techniques as applied to petroleum investments in the oil and gas industry |
| petroleum economics and management: Performance Management for the Oil, Gas, and Process Industries Robert Bruce Hey, 2017-04-10 Performance Management for the Oil, Gas, and Process Industries: A Systems Approach is a practical guide on the business cycle and techniques to undertake step, episodic, and breakthrough improvement in performance to optimize operating costs. Like many industries, the oil, gas, and process industries are coming under increasing pressure to cut costs due to ongoing construction of larger, more integrated units, as well as the application of increasingly stringent environmental policies. Focusing on the 'value adder' or 'revenue generator' core system and the company direction statement, this book describes a systems approach which assures significant sustainable improvements in the business and operational performance specific to the oil, gas, and process industries. The book will enable the reader to: utilize best practice principles of good governance for long term performance enhancement; identify the most significant performance indicators for overall business improvement; apply strategies to ensure that targets are met in agreed upon time frames. |
| petroleum economics and management: Papers Presented at the Fifth Annual Petroleum Economics and Management Conference , 1969 |
| petroleum economics and management: Fundamentals of Petroleum Trading Hossein Razavi, Fereidun Fesharaki, 1991-08-26 Until as recently as the late 1970s, the main channel for oil distribution was the integrated system of the major oil companies, while the volume of spot trading was limited to roughly 5 percent of the total oil trade. Today, spot and spot-related deals account for 80 to 85 percent of internationally traded petroleum, and have ushered in a new era of petroleum trading. In this work, Hossein Razavi and Fereidun Fesharaki offer a detailed study of the workings and issues surrounding today's oil trading market as they apply to all parties involved in the production, distribution, and consumption of petroleum. They provide a complete description of petroleum spot markets, futures, and options trading, and their interlinkages with contract sales. Razavi and Fesharaki cover a wide range of topics, and challenge the generally accepted view that spot and futures trading have wrested the power of price setting away from OPEC. They claim that prices are still determined by supply, which OPEC continues to influence. The book is divided into four sections, beginning with an overview of recent developments in spot, futures, and contract trading. Section two provides an analysis of spot and spot-related deals, while the third section describes the mechanics, organization, and evolution of petroleum futures markets and options trading. The work concludes with an in-depth section on interlinkages, examining the interactions among various segments of the market, including spot and futures trading, petroleum stock building, and OPEC. This book will be a valuable resource tool for libraries as well as a wide range of users, from oil industry professionals and financial analysts to students of energy-related topics. |
| petroleum economics and management: Decision Analysis for Petroleum Exploration Paul D. Newendorp, 2017-07-20 Decision Analysis for Petroleum Exploration By Paul D. Newendorp |
| petroleum economics and management: Petroleum Fiscal Systems E. T. Jarlsby, Eduardo G. Pereira, 2018 The book reviews the various instruments which may form the petroleum fiscal system of a jurisdiction, with numerous examples from countries having configured their systems very differently. |
| petroleum economics and management: The Oil Curse Michael L. Ross, 2013-09-08 Explaining—and solving—the oil curse in the developing world Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth—and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats—and twice as likely to descend into civil war—than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed. |
| petroleum economics and management: Petroleum Economics Jean Masseron, 1990 |
| petroleum economics and management: Energy Law and Economics Klaus Mathis, Bruce R. Huber, 2018-04-19 This book offers an edited volume for all readers who wish to gain an in-depth grasp of the economic analysis of recent developments in energy law and policy in Europe and the United States. In response to waning resources and heightened environmental awareness, many countries are now seeking to redefine their energy mix. Several energy sources are available: coal and oil, natural gas, and a variety of renewables. Yet which of them are capable of addressing core energy-related concerns? Reliability, security, affordability, fairness, and sustainability all have to be taken into account. Further, once a target mix has been identified, two challenges remain for legal scholars: what role does the law play in achieving a specified energy mix, and, how can the law best fulfill that role? The essential energy concerns are just as important in defining the way we shape our energy mix as they are in defining the mix itself. An example of current challenges in energy law and policy can be seen in the pursuit by the German and Swiss governments of the so-called “Energiewende” (energy transition). These policies are intended to enable the transition from a non-sustainable use of fossil and nuclear energy to a more sustainable approach based on renewable energies. On the one hand, the goal is to achieve a decarbonization of the energy economy by reducing the use of fossil energy sources such as petroleum, carbon and natural gas. On the other, and in response to the Fukushima nuclear accident, a phase out is intended to eliminate the dangers of nuclear technologies. Achieving these goals poses tremendous challenges for the two countries’ energy policies – partly because the energy transition will not only affect energy production, but also energy consumption. From a Law and Economics perspective, a number of questions arise: to what extent is it justifiable to rely on markets and continued technological innovation, especially with regard to the present exploitation of scarce resources? To what extent is it necessary for states to intervene in energy markets? Regulatory instruments are available to create and maintain more sustainable societies: command and control regulations, restraints, Pigovian taxes, emission certificates, nudging policies, and more. If regulation in a certain legal field is necessary, which policies and methods will most effectively spur the sustainable consumption and production of energy in order to protect the environment while mitigating any potential negative impacts on economic development? Do neoclassical and behavioural economics provide us with a suitable framework for predicting the market’s complex reactions to a changing energy policy? This book provides theoretical insights as well as empirical findings in order to answer these vital questions. |
| petroleum economics and management: International Oil Company Financial Management in Nontechnical Language James W. Bush, Daniel Johnston, 1998 This addition to Johnston's bestselling petroleum financial books addresses the decision-making element of petroleum company management. It is a practical guide to all facets of modern financial management and strategic planning specific to today's oil and gas companies. The authors guide readers through the maze of financial management in a concise, practical, and organized fashion, delivering the basic principles that are critical for all elements of corporate leadership. |
| petroleum economics and management: Upstream Petroleum Fiscal and Valuation Modeling in Excel Ken Kasriel, David Wood, 2013-06-06 Please contact the authors at upstream.petroleum.in.excel@gmail.com for details of how to access the trial version of Crystal Ball, as well as the Excel and other files which are *not* part of the e-book version download. This is a book no deal team should be without. It is a must for those involved in upstream oil and gas transactions, planning, budgeting, investment appraisal and portfolio management. Its step–by–step approach cuts through complexity, making it comprehensive and understandable by a wide range of users with a wide range of abilities. It can be used as a textbook, an introductory primer or as a handbook that you can dip in and out of or read cover to cover. —Michael Lynch-Bell, Senior Advisor, Oil & Gas, Ernst & Young LLP; ex-officio Chairman, UN Expert Group on Resource Classification In the upstream petroleum industry, it is the value of post–tax cashflows which matters most to companies, governments, investors, lenders, analysts, and advisors. Calculating these cashflows and understanding their “behavior,” however, is challenging, as the industry’s specialized fiscal systems can be complex, jargon–laden, and sometimes seem to be a “world of their own”. Upstream Petroleum Fiscal and Valuation Modeling in Excel: A Worked Examples Approach demystifies fiscal analysis which, unlike disciplines such as Earth sciences and engineering, can be learned from a book. Written in plain English for laymen and for experienced practitioners alike, it is a reader–friendly, clear, practical, step–by–step hands–on guide for both reference and self–paced study. The book does not catalogue the 100+ different petroleum fiscal regimes in use at the time of writing. Rather, drawing on the authors’ combined 48 years’ experience, it takes a more timeless, generic treatment, by covering the most common variants of royalties, taxation, production sharing arrangements, bonuses and abandonment funding , through a dual approach: first, showing how to model them in Excel , and then providing interactive exercises to prompt (and answer) questions that analyze impacts on cashflows. In addition to the main text, the book consists of over 120 Excel files (ranging from modular examples to full models) in Excel 2007 and 2003 formats; over 400 pages of supplementary PDF files; VBA features to enhance model functionality; and an introduction to risk modeling with exercises for the included trial version of Oracle’s Crystal Ball software. It offers both a wealth of content and models equal to or surpassing what is available from fiscal modeling courses costing several times more; and greater insights into underlying calculations than commercially available “black box” fiscal software. New US Securities and Exchange Commission (SEC) rules planned for 2013 will force petroleum companies to disclose more fiscal information on an individual country basis. This will make it more important than ever for analysts to understand how to model oil and gas terms and the potential impacts of the disclosed government payments on future oil and gas company profitability. Due to the heavy use of graphics and cross references used in this particular text, some readers might find that the printed book offers a more optimal reading experience than certain e-formats particularly with the Kindle eMobi format. |
| petroleum economics and management: Advanced Reservoir Management and Engineering Tarek Ahmed, Nathan Meehan, 2011-09-28 Chapter 1. Fundamentals of Well Testing -- Chapter 2. Decline and Type-Curves Analysis -- Chapter 3. Water Influx -- Chapter 4. Unconventional Gas Reservoirs -- Chapter 5. Performance of Oil Reservoirs -- Chapter 6. Predicting Oil Reservoir Performance -- Chapter 7. Fundamentals of Enhanced Oil Recovery -- Chapter 8. Economic Analysis -- Chapter 9. Analysis of Fixed Capital Investments -- Chapter 10. Advanced Evaluation Approaches -- Chapter 11. Professionalism and Ethics. |
| petroleum economics and management: Making Good Decisions Reidar B. Bratvold, Steve Begg, 2010 |
| petroleum economics and management: Petroleum and Gas Field Processing H.K. Abdel-Aal, Mohamed Aggour, M.A. Fahim, 2003-07-03 The immediate product extracted from oil and gas wells consists of mixtures of oil, gas, and water that is difficult to transport, requiring a certain amount of field processing. This reference analyzes principles and procedures related to the processing of reservoir fluids for the separation, handling, treatment, and production of quality petroleum oil and gas products. It details strategies in equipment selection and system design, field development and operation, and process simulation and control to increase plant productivity and safety and avoid losses during purification, treatment, storage, and export. Providing guidelines for developing efficient and economical treatment systems, the book features solved design examples that demonstrate the application of developed design equations as well as review problems and exercises of key engineering concepts in petroleum field development and operation. |
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List of FUTO Courses and School Fees | 2024 Requirements
Jul 28, 2024 · S/N: Courses: Cut Off Mark: 1. Agricultural Economics: 160: 2. Agricultural Engineering: 160: 3. Agriculture: 160: 4. Animal Science and Technology
Official List of Lautech Courses, Requirements and Fees | 2024
Jul 17, 2024 · About Lautech. Ladoke Akintola University of Technology (LAUTECH) was founded in 1990 and is one of the most esteemed universities in Nigeria.
Kabete National Polytechnic Courses and Fee Sructure | 2024 …
Sep 26, 2024 · About Kabete National Polytechnic. Under the TVET Act, Kabete National Polytechnic (Kabete NP) is a public TVET institution founded by legal notice No. 92 of 2016.
Types of Engineering Courses in South Africa | Requirements and …
Dec 9, 2024 · South Africa’s energy sector relies on petroleum engineers for sustainable energy solutions. Apply Here. 14. Marine Engineering. This engineering course is also part of the …
List of UNIBEN Cutoff Mark for all Courses | 2024
Aug 6, 2024 · Thus, the general cutoff mark for Engineering courses in UNIBEN for the 2024 academic session will be around 220+. This entails different fields of engineering, such as Civil …
10+ Best Geology Courses in Nigeria | Schools, Fees and …
Aug 29, 2024 · What is Geology? According to the Geological Society of the UK, geology is the study of the Earth’s structure, evolution, and dynamics and its natural mineral and energy …
