Engineering Economy in Upstream Oil & Gas Field Development

About the Authors
Preface
Acknowledgements

CHAPTER 1
Bidding and Petroleum Fiscal Instruments 
1.1 Concessionary License Agreement
1.2 Contractual Agreement 
1.2.1 Production Sharing Contract (PSC) 
1.2.2 Service Contract 
1.2.3 Joint Venture Agreement

CHAPTER 2
Exploration & Reserve Estimation
2.1 Discovered Resources 
2.1.1 Basics of a Petroleum System 
2.1.2 Geophysical Methods for Oil & Gas Exploration 
2.1.3 Volumetric Estimation of Hydrocarbons in Place
2.2 Recoverable Resources (Reserves)
2.2.1 Proved Reserves 
2.2.2 Unproved Reserves

CHAPTER 3
Appraisal and Field Development Planning
3.1 Field Appraisal 
3.2 Comprehensive Field Development Data 
3.2.1 Geological and Reserve Data 
3.2.2 Reservoir Data
3.2.3 Reservoir Simulation and Production Forecast
3.2.4 Drilling Program and Well Completion Design Plan
3.2.5 Production Period and Abandonment
3.3 Technological Requirement & Challenges
3.4 Safety and Environmental Policy 
3.5 Production Operation, Workover, and Maintenance Plan

CHAPTER 4
Economic Analysis of a Typical Upstream Development Project
4.1 Basic Concepts in Economic and Financial Analysis 
4.1.1 Economic Evaluation Indicators 
4.1.2 Cash Flow Diagram 
4.1.3 Discounting
4.1.4 Time Value of Money and Economic Equivalence 
4.1.5 Depreciation and Salvage Value
4.1.6 Taxable Income
4.2 Case Study-Application of Economic Tools for Upstream Oil & Gas Project Evaluation 
4.2.1 The Case Study (Data Presented Here Are not Real but Used for Exercise)

CHAPTER 5
Investment Decision and Project Selection
5.1 Capital Budgeting and Rationing
5.2 Project Ranking 
5.3 Comparison of Project Alternatives
5.4 Inflation 

CHAPTER 6
Project Management in Upstream Oil & Gas Field Development
6.1 An Overview of Project Management
6.2 Process Groups in Project Management 
6.2.1 Project Initiating 
6.2.2 Project Planning 
6.2.3 Project Executing 
6.2.4 Project Monitoring and Controlling 
6.2.5 Project Closing 
6.3 Work Breakdown Structure (WBS)
6.4 Design Proposals 
6.5 Project Budgeting 
6.6 Project Risk Plan, Assessment, and Management
6.7 Role of Project Manager and Team Management 
6.8 Project Quality Management 

Bibliography
Index