Decision Process in Petroleum Upstream Investments

Assessment of potential petroleum exploration and
development (E&D) and/or reserve acquisition projects
is a crucial initial step for petroleum companies to
ensure the success of their investments. The book
provides an understanding of the relevant issues in
petroleum industry, US petroleum company s decision
making processes and it identifies factors taken into
consideration in evaluation and selection of
petroleum upstream investments. The information was
gathered through a combination of literature survey,
input from an expert panel and responses from
decision-makers in U.S petroleum companies who are
directly involved in the petroleum upstream
investments. Two hundred and twenty-one high-level
decision-makers representing 221 U.S. petroleum
companies completed mail questionnaires concerning
the decision processes in potential petroleum
upstream investments employed by their firms. The
result of the study established and described
empirically, the management view of the practices of
assessing petroleum upstream investments at strategic
level. It should interest people in petroleum
industry as well as those who are interested in the
petroleum industry.

Autorentext

Razif Abd Razak, PhD in Systems Science: Engineering Management(Portland State University -2000), MSc Engineering Management(PSU-1996), Master Engineering Management (Petroleum) (TulsaUniversity-1990), BSc Petroleum Engineering (West VirginiaUniversity-1985). He lectures at Malaysia University of Technology.

Klappentext

Assessment of potential petroleum exploration anddevelopment (E&D) and/or reserve acquisition projectsis a crucial initial step for petroleum companies toensure the success of their investments. The bookprovides an understanding of the relevant issues inpetroleum industry, US petroleum company's decisionmaking processes and it identifies factors taken intoconsideration in evaluation and selection ofpetroleum upstream investments. The information wasgathered through a combination of literature survey,input from an expert panel and responses fromdecision-makers in U.S petroleum companies who aredirectly involved in the petroleum upstreaminvestments. Two hundred and twenty-one high-leveldecision-makers representing 221 U.S. petroleumcompanies completed mail questionnaires concerningthe decision processes in potential petroleumupstream investments employed by their firms. Theresult of the study established and describedempirically, the management view of the practices ofassessing petroleum upstream investments at strategiclevel. It should interest people in petroleumindustry as well as those who are interested in thepetroleum industry.