Oil and Gas Exploration and Production - Reserves, Costs, Contracts

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. This book provides a complete overview of the stakes and challenges involved in oil and gas exploration and production. Following a historical review and a survey of the markets, the technical phases are covered, as are the evaluation of reserves, the estimation of investments and costs, the decision-making and control processes, and the accounting, legal and contractual environment for these activities. The book concludes with a discussion of the role of safety, and of environmental and ethical issues. This work, which is designed for readers concerned with the various aspects of the oil and gas upstream sector, is accessible to all.
Content:
Front Matter
• Units for the Petroleum Industry, Rate Conversion
• Preface to the First Edition
• Table of Contents
1. Petroleum: A Strategic Product
2. Oil and Gas Exploration and Production
3. Hydrocarbon Reserves
4. Investments and Costs
5. Legal, Fiscal and Contractual Framework
6. Decision-Making on Exploration and Production
7. Information, Accounting and Competition Analysis
8. Health, Safety, the Environment, Ethics
• Bibliography
• Glossary
Index