Identification, evaluation, and selection of petroleum exploration and development, and reserve acquisition investments: US petroleum companies

Author

Razak, Razif Abd ; Kocaoglu, Dundar F.

Author_Institution

Eng. Manage. Program, Portland State Univ., OR, USA

Volume

1

fYear

1999

fDate

1999

Abstract

Identification, evaluation and selection (IE&S) of petroleum exploration and development (E&D) and reserve acquisition investments are important steps to ensure the success of petroleum company R&D projects. Investment decisions about the projects demand thorough analysis of the economic and noneconomic feasibility of embarking on such projects. This paper is based on a study of the IE&S decisions for petroleum E&D, and reserve acquisition investments in US petroleum companies

Keywords

investment; petroleum industry; project management; research and development management; R&D management; R&D projects; USA; economic feasibility; investment decisions; petroleum companies; petroleum development; petroleum exploration; reserve acquisition investments; Current supplies; Decision making; Fuel economy; Information resources; Investments; Petroleum industry; Power generation economics; Production; Research and development management; Transportation;

fLanguage

English

Publisher

ieee

Conference_Titel

Management of Engineering and Technology, 1999. Technology and Innovation Management. PICMET '99. Portland International Conference on

Conference_Location

Portland, OR

Print_ISBN

1-890843-02-4

Type

conf

DOI

10.1109/PICMET.1999.808393

Filename

808393