Petroleum Economics and Engineering, 2nd Edition

Revised and updated to reflect major changes in the field, this second edition presents an integrated and balanced view of current attitudes and practices used in sound economic decision-making for engineering problems encountered in the oil industry. The volume contains many problem-solving examples demonstrating how economic analyses are applied to different facets of the oil industry.;Discussion progresses from an introduction to the industry, through principles and techniques of engineering economics, to the application of economic methods to the oil industry. It provides information on the types of crude oils, their finished products and resources of natural gas, and also summarizes worldwide oil production and consumption data.

Preface
Contributors


Part 1 : Introduction to the Oil Industry
Chapter 1 : World Supply and Demand
Chapter 2 : Structure of the Oil Industry
Chapter 3 : Characteristics of Crude Oils and Properties of Petroleum Products
Chapter 4 : Resources and Development of Natural Gas

Part 2 : Principles, Methods and Techniques of Engineering Economics
Chapter 5 : Time Value and Capital Expenditures
Chapter 6 : Depreciation and Depletion in Oil Projects
Chapter 7 : Financial Measures and Profitability Analysis
Chapter 8 : Analysis of Alternative Selections and Replacements
Chapter 9 : Risk, Uncertainty and Decision Analysis
Chapter 10 : Break-Even and Sensitivity Analysis
Chapter 11 : Optimization Techniques

Part 3 : Applications and Project Evaluation
Chapter 12 : Oil Fields : Exploration and Drilling Operations
Chapter 13 : Oil Fields : Estimation of Oil Reserves and Evaluation of an Oil Property
Chapter 14 : Oil Fields : Production Operations
Chapter 15 : Oil Transportation
Chapter 16 : Crude Oil Processing

Appendix A : Conversion Factors
Appendix B : Compound Interest Factors
References
Index