Petroleum Industries and Management

It includes International Oil Markets, Energy Economics, Capital Cost Estimation, Factors that effect Profitability, Cash Flow, Depletion, Depreciation, Affiliation, New technologies that depletes petroleum cost. Petroleum exploration and production economics centre on the size and nature of oil and gas reserves in relation to oil and gas prices. A Process Economics said to have two key assets

1. Its people and their ability to profitably find (or acquire), develop, and produce oil and gas reserves and

2. Its existing reserves and their ability, when produced, to generate positive cash flow.

The ability to apply new technology (such as 3D seismic, horizontal drilling, deep water drilling and production techniques and global internet knowledge sharing) will be key to managing risks and adding billions in reserve value for the industry in the coming decade. managements appreciate that true exploration success is not measured by the success ratio, i.e., the number of producible wells to total wells drilled. A ten-well program with discovery of a single large reservoir may be far more profitable than a ten-well program discovering five marginally economic reservoirs. Nor is exploration success truly measured by the quantity of reserves found. In many remote parts of the world, large quantities of gas reserves have been found that have relatively limited value because transportation costs to gas markets are so high.

 

The global market for unconventional natural gas extraction technologies was valued at nearly $61.2 billion in 2010 and nearly $61.6 billion in 2011. The market should reach $91.3 billion in 2016 after increasing at a five-year compound annual growth rate (CAGR) of 8.2%.

Oil and gas production and processing operations sometimes result in accumulation of naturally occurring radioactive materials at elevated concentrations in by-product waste streams. EVS has assessed the potential human health risks associated with petroleum industry, estimated the economic impacts associated with different management options, and developed or disseminated tools that will streamline oil and gas companies’ efforts to manage containing wastes. The chemical and petroleum industries have always had the challenge of disposing of chemical wastes, by-products, and residuals, but with traditional techniques such as deep well injection and incineration proving flawed, the need for disposal by legal, safe and economically effective means has never been greater. Increasingly, the need to produce without pollution is the preferred model for industry, and the strategy of waste minimization is seen as the best way forward. This is particularly relevant in the petrochemical and chemical industries, where large quantities of hazardous and toxic wastes are produced 

  • Shell refining
  • Hydrotreating & Hydrocracking
  • Processing shale feedstocks
  • Fluid catalytic cracking
  • Hydroprocessing catalysts
  • Modular mini-refineries and gas processing
  • Cryogenic Nitrogen Production Technology
  • Toxic combustion

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