Economic Analysis of Oil and Gas Engineering Operations

Engineers seek solutions to problems, and the economic viability of each potential solution is considered along with the technical merits. Economic Analysis of Oil and Gas Engineering Operations is a resource for making practical and profitable decisions in oil and gas field development. It covers the use of economic analysis techniques in decision-making and features real-world cases and applications.

Format: Hardback
Length: 366 pages
Publication date: 26 February 2021
Publisher: Taylor & Francis Ltd

Engineers are constantly on the lookout for innovative solutions to complex problems, and their decisions are not solely based on technical considerations. In the realm of petroleum, where vast resources and substantial investments are at stake, the economic viability of each potential solution is carefully weighed alongside its technical merits. This principle holds true across the global processes of exploration, production, refining, and transportation, which constitute the core of the petroleum sector. When it comes to making investment decisions in oil or gas field development, the value of the project is assessed based on a comprehensive evaluation of various economic indicators.

Economic Analysis of Oil and Gas Engineering Operations is a valuable resource that delves into the economic treatment of petroleum engineering operations. It serves as a comprehensive guide for making practical and profitable decisions in the oil and gas field development realm. This book has been carefully revised to reflect the significant changes that have taken place in the oil and gas industry over the past decade. It provides a thorough coverage of the use of economic analysis techniques in decision-making across petroleum-related projects.

The book features real-world cases and applications of economic analysis, showcasing the practical implications of these techniques in various engineering problems encountered in petroleum operations. Moreover, the principles outlined in this work are applicable to other engineering disciplines, making it a valuable resource for practicing engineers, industry professionals, managers, and executives working in the petroleum industry. Additionally, advanced students in petroleum and chemical engineering, pursuing studies in engineering economics, petroleum economics, and policy, project evaluation, and plant design, will find this work to be an indispensable guide.

In conclusion, Economic Analysis of Oil and Gas Engineering Operations is a comprehensive and timely resource that empowers professionals with the knowledge and tools necessary to make informed decisions in the ever-evolving petroleum industry. By combining technical expertise with economic insights, this book equips readers to navigate the complex terrain of oil and gas field development, ensuring sustainable growth and profitability in this vital sector.

Weight: 708g
Dimension: 162 x 241 x 29 (mm)
ISBN-13: 9780367684716