Perspectives of oil and gas : the road to interdependence

Bibliographic Information

Perspectives of oil and gas : the road to interdependence

by Marcello Colitti with Claudio Simeoni

Kluwer Academic Pub., c1996

Available at  / 9 libraries

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Note

"Fondazione Eni Enrico Mattei"--cover

Includes bibliographical references (p. 161-164)

Description and Table of Contents

Description

Perspectives of Oil and Gas: The Road to Interdependence is an up-to-date analysis of the dynamics of petroleum resources. It covers such subjects as oil reserves, depletion policy, pricing strategy, technological factors, and consumer trends. Likewise, it addresses the constraints faced by oil industry planners, from production to third party sales and refining. In addition to in-depth analysis, this book proposes practical solutions to complex problems: for example, how the different objectives and interests of international oil companies and oil producing countries can be reconciled to their mutual advantage. Attention is also focused on development through cooperation beween producers, importers, and multinationals. Perspectives of Oil and Gas ends by addressing the main challenges confronting interdependent economies in the near future. Audience: Decision-makers, policy planners, and academics concerned with the business and technical aspects of the petroleum economy and industry.

Table of Contents

One: the Resources.- 1 : The size of present and future hydrocarbon reserves.- Oil and gas reserves, proven and to be found.- Estimate of reserves to be discovered.- Exploration needed to discover the potential oil reserves.- The petroleum provinces.- The new field wildcat (NFW) as an indicator.- The number of NFW to be drilled in future.- Conclusion.- 2: Hydrocarbon production capacity.- Reserves to production ratio.- Production at maximum efficient rate (MER).- The level of crude oil (and of natural gas) production according to a demand trend.- Conclusion.- Methodology.- Two: The Development of the Oil Industry.- 3: A picture of the oil business to-day.- The oil market as a "spaghetti junction".- The actors and the figures.- 4: The "good old days".- The need to "manage" the oil industry.- Management by integration and interlocking concessions.- Why the system came to be terminated.- 5: The oil revolution.- The oil consumers and the developed oil-consuming countries.- The oil-exporting countries.- The oil companies.- An assessment.- 6: The objectives and instruments of the exporters.- Management by volume, or the short-term approach.- The oil rent.- The composition of supply.- The energy market and the consumer countries' economies.- The time-horizon of the producers.- Summing up.- 7: The countershock.- 8: Summing up the great change.- An economist's interpretation.- Some graphs.- A cyclical model.- The political angle.- The birthmarks of the industry.- The reaction.- A summing up.- The experience up to the present time.- 9: A modest proposal: a policy of interdependence. The need for consumer consensus.- The first Interdependence study.- How the situation has changed.- A structural element of the oil industry: the role of the State.- A modest proposal.- Appendix: The advantages of interdependence.- Annex 1: Definitions and Classifications.- Annex 2: Chronology of the 97 Meetings of the OPEC Conferences.

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