This comprehensive text first addresses operating decisions such as joint venturing, safety and the environment. It then moves toward investment decisions ranging from the relationship between risk and reward to methods of contracting. Finally, the author discusses management control in reporting budgeting, and monitoring, as well as sensitive management issues such as cultural conflict, management style and leadership. In all, readers will gain practical knowledge on being successful general managers of international oil exploration and production affiliates. The author's more than 35 years of experience in oil exploration lend to the text a practical and realistic view of business strategy.
List of Abbreviations
Acknowledgements
Introduction
Part I : Operating Decisions
Chapter 1 : Joint Venturing
Chapter 2 : People
Chapter 3 : Safety
Chapter 4 : The Environment
Chapter 5 : Pricing Oil
Chapter 6 : Selling Oil
Chapter 7 : Coping with Price Uncertainty
Part II : Investment Decisions
Chapter 8 : What Do Shareholders Want?
Chapter 9 : Exploration Investment
Chapter 10 : Field Development and Expansion
Chapter 11 : Alternative Reservoir Developments
Chapter 12 : Time
Chapter 13 : Operating Investment
Part III : Keeping Track
Chapter 14 : Reporting
Chapter 15 : Budgeting
Chapter 16 : Monitoring
Part IV : Opinion
Chapter 17 : The Conduct of Management
Appendixes
Appendix A : A Refresher on Probability and Statistics
Appendix B : Optimisation of Competitive Bids
Appendix C : The Lazler Curver
Appendix D : Workover Theory Algorithm
Appendix E : A Refresher on Decline Curves and The Exponential Delay Equation
Appendix F : Authority Delegated to the Affiliate General Manager (A Draft)
Index
