LEADER 03794oam 2200481 450 001 9910794212803321 005 20220404235845.0 010 $a2-7598-2501-9 024 7 $a10.1051/978-2-7598-2501-1 035 $a(CKB)4100000011645664 035 $a(MiAaPQ)EBC6423250 035 $a(DE-B1597)586414 035 $a(DE-B1597)9782759825011 035 $a(OCoLC)1257325053 035 $a(PPN)253620775 035 $a(EXLCZ)994100000011645664 100 $a20210531d2020 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aEngineering economy in upstream oil and gas field development $ea concise appraisal technique for investment decision in upstream oil/gas projects /$fMenglan Duan and Mac Darlington Uche Onuoha 210 1$a[Place of publication not identified] :$cScience Press :$cEDP Sciences,$d[2020] 210 4$d©2020 215 $a1 online resource (286 pages) 225 0 $aCurrent Natural Sciences 311 0 $a2-7598-2488-8 320 $aIncludes bibliographical references and index. 327 $tFront matter --$tAbout the Authors --$tContents --$tPreface --$tAcknowledgement --$tChapter 1. Bidding and Petroleum Fiscal Instruments --$tChapter 2. Exploration & Reserve Estimation --$tChapter 3. Appraisal and Field Development Planning --$tChapter 4. Economic Analysis of a Typical Upstream Development Project --$tChapter 5. Investment Decision and Project Selection --$tChapter 6. Project Management in Upstream Oil & Gas Field Development --$tBibliography --$tIndex 330 $aThe 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. 606 $aPetroleum industry and trade 615 0$aPetroleum industry and trade. 676 $a338.27282 700 $aDuan$b Menglan$01492103 702 $aOnuoha$b Mac Darlington Uche 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bUtOrBLW 906 $aBOOK 912 $a9910794212803321 996 $aEngineering economy in upstream oil and gas field development$93714384 997 $aUNINA