Description
Introduction to Petroleum Economics is about the process of gathering project data, calculating whether a project should proceed and delivering recommendations. It discusses the science of petroleum economics, starting from square-one, the tools of the trade that petroleum economists use, day in and day out, and also its application. Along the way the author relates some helpful and informative anecdotes based on his almost twenty-year career as a petroleum economist. Vital for all oil professionals as well as students, Introduction to Petroleum Economics unravels the decision-making behind why a petroleum project moves ahead or ends.
Features & Benefits
- Introduces the core principles and workflows of petroleum economic analysis from the ground up
- Explains essential tools and methods used daily by petroleum economists in real-world settings
- Provides a practical framework for evaluating project viability and making informed investment decisions
- Includes personal insights and anecdotes from two decades of industry experience for added context
- Helps readers understand the economic reasoning behind go/no-go project decisions in the oil sector
Audience
- Petroleum engineers and geoscientists involved in project planning and evaluation
- Petroleum economists and financial analysts working in oil and gas
- Project managers responsible for investment decisions in E&P operations
- Energy consultants and advisors supporting economic feasibility studies
- Students and early-career professionals learning the fundamentals of petroleum project economics
About the Author
Chris Hinkin holds a bachelor's degree in Mechanical Engineering from the University of Bath and an MBA from the University of Aston. He has worked as a Petroleum Economist for nearly twenty years all over the world and on many different projects, from annual corporate planning exercises to large-scale developments, and from decommissioning to multi-billion dollar corporate deals.
Details
Type: Softcover
Size: 6x9
Pages: 179
Published: 2017
ISBN: 9781613994931
