Concerned with hydrocarbon production economics, these two volumes dissect the old adage in the oil industry that exploration for hydrocarbons loses money while production of hydrocarbons makes money. Issues explored include how risk should be managed and how a given situation can be analyzed so that the chances of obtaining the desired level of profit can be maximized. A significant contribution to the understanding of economic risk management in the context of hydrocarbon production, these texts will be of value to both graduate students studying hydrocarbon production and oil industry professionals involved in economic risk analysis.
Language
English
Pages
332
Format
Paperback
Publisher
Multi-Science Publishing Co.
Release
February 01, 2004
ISBN
0906522234
ISBN 13
9780906522233
Economics of Petroleum Production, Volume 1: Profit and Risk: A Compendium
Concerned with hydrocarbon production economics, these two volumes dissect the old adage in the oil industry that exploration for hydrocarbons loses money while production of hydrocarbons makes money. Issues explored include how risk should be managed and how a given situation can be analyzed so that the chances of obtaining the desired level of profit can be maximized. A significant contribution to the understanding of economic risk management in the context of hydrocarbon production, these texts will be of value to both graduate students studying hydrocarbon production and oil industry professionals involved in economic risk analysis.