Oil & Gas Exploration and Production Reserves; Costs; Contracts

ISBN9782710809753 EditorÉditions Technip pages328 Published2011-09-01
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This book has been selected for inclusion in Choice's annual Outstanding Academic titles list. It has been rewarded for its excellence in scholarship and presentation, the significance of its contribution to the field, and its value as important treatment of the subject.

With contributions by D. Babusiaux (IFP Energies nouvelles), S. Barreau (IFP Energies nouvelles), P.-R. Bauquis (Total), N. Bret-Rouzaut (IFP Energies nouvelles), A. Chétrit (Total), P. Copinschi (IFP Energies nouvelles), J.-P. Favennec (IFP Energies nouvelles), R. Festor (Total), E. Feuillet-Midrier (IFP Energies nouvelles), M. Grossin (Total), D. Guirauden (Beicip), V. Lepez (Total), P. Sigonney (Total) et M. Valette (Total).

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.
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 third edition takes into acount the huge changes in the oil and gas industry, particularly the large increases in oil prices, investments and costs observed since the first editions.
This work, which is designed for readers concerned with the various aspects of the oil and gas upstream sector, is accessible to all.

FAVENNEC Jean-Pierre
Diplômé ingénieur de l'Ecole des Industries chimiques et de l'ENSPM

Fonction :
Directeur expert à l'IFP. Spécialiste reconnu du secteur de l'énergie, il intervient au cours de conférences et de colloques dans le monde entier.

Domaine de publication :
Economie pétrolière, économie du raffinage

Auteur d'une vingtaine de communications scientifiques en français et en anglais, J.P. Favennec a assuré la coordination et rédigé en partie l'ouvrage :
- Le raffinage du pétrole - Tome 5. Exploitation et gestion de la raffinerie (Ed. Technip)

Ingénieur diplômé de l'École du Pétrole et des Moteurs (géophysique)
Titulaire du MBA de l'IAE (Paris)

Fonction :
Responsable du cycle Petroleum Economics and Management (École du Pétrole et des Moteurs, IFP)

Domaines de publication :
Économie de l'exploration production des hydrocarbures

Nadine Bret-Rouzaut a participé à la rédaction de l'ouvrage suivant aux Éditions Technip :
En français :
? Recherche et production du pétrole et du gaz. Réserves, coûts et contrats

Email : nadine.bret-rouzaut@ifp.fr
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.