Download Free High Cost Oil And Gas Resources Book in PDF and EPUB Free Download. You can read online High Cost Oil And Gas Resources and write the review.

Originally published in 1981, this book discusses the development of higher cost North Sea gas and oil fields. Starting with the perceived need to develop these higher cost fields, the book focuses on their role in the policy interplay between government and industry. What is high cost, it is argued, is not only economically but also institutionally determined and through a comparative analysis of British and Danish policies with regard to high cost fields the author maintains that the role of institutional factors has been underplayed.
'These chapters are excellent though not definitive interpretations of the history they selectively cover. They offer fresh, insightful, plausible interpretaions of the events and processes they describe. For this reason alone, this book deserves the serious attention of anyone interested in understanding how energy policy got where it is today, understood in terms of players, perspectives, and social epistemology. Its contribution as a study about the persistence of policy conflict under conditions of distrust among the major players is also solid enough because these conditions and consequences are made so arrestingly clear.' -- Policy Sciences Volume 14, Number 3, June 1982
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.
The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.