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