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.