Supply and Costs in the U.S. Petroleum Industry (Routledge Revivals)
Supply and Costs in the U.S. Petroleum Industry (Routledge Revivals)

Author: Franklin M. Fisher

Publisher: Routledge

Published: 2015-06-11

Total Pages: 195

ISBN-13: 131750030X

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Any discussion of the various facets of petroleum policy in the United States rests to a greater or less extent on the issue of sensitivity of petroleum exploration, and hence of new petroleum discoveries to economic incentives. Indeed, a principle argument in favour of having a special petroleum policy at all is that domestic petroleum exploration is so sensitive to economic considerations that in the absence of special incentives exploration expenditures would sharply decrease, as would the amount of petroleum discovered; consequently, the nation’s known oil resources would be reduced to an extent dangerous in the event of an international crisis. This study attempts to answer the question: how sensitive are new petroleum discoveries to economic incentives? This book will be of interest to students of environmental studies.

Oil and Gas Exploration and Production
Oil and Gas Exploration and Production

Author: Denis Babusiaux

Publisher: Editions TECHNIP

Published: 2007

Total Pages: 344

ISBN-13: 9782710808930

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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.