Nobody downloaded yet

Oil Exploration And Development - Essay Example

Comments (0) Cite this document
Summary
Possessing oil rich fields, ripe for development, no longer equals huge overnight profits. Although international energy companies are shifting their attention from Europe and North America to developing countries, most projects do not take off because of the difficulties of securing sufficient financing. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.9% of users find it useful
Oil Exploration And Development
Read TextPreview

Extract of sample "Oil Exploration And Development"

Download file to see previous pages Political, legal and economic conditions need to be researched in depth before deciding whether or not to join forces with the oil industry. Ruritania, considered a developing country, has been under the same dictatorship for over thirty years and their internal political asylum is very stable. However, neighboring countries that have Ruritania land-locked from large bodies of water, are not so predictable. Known as ‘the axis of evil’ by several peaceful governments, Urbania and Translavia border both sides of Ruritania, blocking export opportunities for the inland country. Creative negotiations will have to take place with one or both of these countries in order to work out land rights if a pipeline were considered. Intense study of oil exploration is a first step in realizing the right conditions for an oil trap. The right source rock and reservoir rock entrapment can only be done by an experienced team of geologists. The project/asset lifecycle that normally includes Field Development Planning, Conceptual/Feasibility, FEED, Detailed Design, Procurement, Construction Support and Commissioning can run into the tens or hundreds of billions of Dollars. Actual costs depend on such factors as the location of possible oil reserves, how large the oil field is expected to be, how detailed the exploration information must be and the type and structure of the rock below the ground. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Oil Exploration And Development Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Oil Exploration And Development Essay Example | Topics and Well Written Essays - 2000 words. Retrieved from https://studentshare.org/environmental-studies/1540138-oil-exploration-and-development
(Oil Exploration And Development Essay Example | Topics and Well Written Essays - 2000 Words)
Oil Exploration And Development Essay Example | Topics and Well Written Essays - 2000 Words. https://studentshare.org/environmental-studies/1540138-oil-exploration-and-development.
“Oil Exploration And Development Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/environmental-studies/1540138-oil-exploration-and-development.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Oil Exploration And Development

Negative Impacts of Oil Exploration on Nigerias Biodiversity

...and Sustainable Development of the Niger Delta of Nigeria", Journal of Sustainable Development, vol. 4, no. 2, pp. 200-210. Edino, M.O., Nsofor, G.N. & Bombom, L.S 2010, "Perceptions and attitudes towards gas flaring in the Niger Delta, Nigeria",The Environmentalist., vol. 30, no. 1, pp. 67-75. Emoyan, O. O. , Akpoborie I. A., & Akporhonor E. E 2008, The Oil and Gas Industry and the Niger Delta: Implications for the Environment, Journal of Applied Sciences and Environmental Management, Vol. 12, No. 3, pp. 29-37. Environmental Rights Action/Friends of the Earth Nigeria & Oilwatch Africa 2012, Nigeria Oil Pollution, Politics and Policy. Kadafa, A., A 2012, Environmental...
3 Pages(750 words)Essay

A Framework for the Management of Oil Spillage Risks in Oil Exploration Programmes

..., comprising of oil, diamonds, iron ore and gold (Angola.org -2, n.d.). Exploration activities of Angola While discussing about the economic activities of the nation, it came to light that the oil exporting activities of the nation generates around a significantly large amount of revenue. The impressive performance of the economy of the nation is largely linked to the factor of high production of oil. Talking in regards to the amount of capital generated, it is important to state that the financial returns from the exports related to petroleum amounts to around 64.43 billion USD (OPEC, 2012). Since oil exporting is a prime revenue generating factor for...
12 Pages(3000 words)Dissertation

A Framework for the Management of Oil Spillage Risks in Oil Exploration Programmes

..., identification of spillage risks, risk assessment of oil spillage risks, risk response planning for oil spillage risks and risk monitoring and control for oil spillage risks. 1.1. Aims and Objectives Aims: The aim of this paper is to develop a framework that will help the companies in order to control their oil spillage risks in oil exploration programs. Objectives: The objectives will be to investigate the nature of oil spillage risks; identify and summarize the existing understanding about oil spillage risk management; discover good practices in managing oil spillage...
67 Pages(16750 words)Dissertation

Oil Exploration and Extraction

...Concepts of Weak and Strong Sustainability to the Case of Oil Exploration and Extraction in the Regions Surrounding the North Pole Introduction One of the greatest challenges of the present day that the humanity facing, is to provide every human being on the earth access to safe, clean and sustainable environment and energy supplies. The use of energy has been a critical issue throughout the history in the functioning and development of human societies. However during the last two centuries, the mankind has identified the ways to harness the highly-concentrated forms of energy that has been contained in the fossil fuels. Such invention of the fossil fuels has been instrumental in...
12 Pages(3000 words)Essay

Marine Exploration of Minerals, Oil and Gas

...Marine Exploration of Minerals, Oil and Gas Key Factors in decision making Introduction Exploration for natural resources such as minerals, oil and gas has been done extensively on land under the continents for several decades now. However, the demand for natural and non-renewable energy is still very high and steadily increasing thereby mandating exploration beyond land i.e. into offshore and under-ocean areas. The significance attached to the initiative can be recognized by the fact that the US department of the Interior has a separate division catering to Offshore Energy and Minerals Management (OEMM) (Offshore Energy and Minerals Management). The...
4 Pages(1000 words)Essay

Cultural Exploration

...Cultural Exploration: Southeastern Georgia Caucasian and Chinese Cultures Semester, Name of Institution Dated Introduction Culture is not frozen or fixated in time or space. Rather, it is a very dynamic phenomenon. It does vary from one society to the other and from one period to the other. Given the fact that human beings are social, the aspect of the varying aspects of culture from time to time and from place to place plays a very significant role. This is because there is need for human beings to interact from time to time due to their social nature. As they interact, there comes a time when it becomes necessary for one culture to interact with the other. As this interaction takes place, there are potential effects...
9 Pages(2250 words)Term Paper

Career Exploration

...aging in the developed world, the need for medical care and search for medical attention in this aspect is growing as well. These two career paths are promising in the radiological world for me and are promising a fulfillment if I ventured into them serving as great opportunities for growth and improvement in my career. References Baker, S. R. (2014). Who Will Be the New Radiologists?: A 2012 Assessment. In Notes of a Radiology Watcher (pp. 89-91). Springer International Publishing. Burtnett, F. (2010). Bound-for-career guidebook: A student guide to career exploration, decision making, and the job search. Lanham, Md: Rowman & Littlefield Education. Callaway, W. J. (2013). Professional Associations....
4 Pages(1000 words)Assignment

Impact of oil exploration, extraction and transport 2

... Delta, Nigeria. Journal of Applied Sciences and Environmental Management. Vol 14, No. 2: 17-20. Rakow, T. 2004. Chaos and good order in the assessment and communication of risk. Clinical Risk. Vol 10, No, 3: 97-101. Simeonov, L. 2011. Environmental heavy metal pollution and effects on child mental development risk assessment and prevention strategies. Springer, Dordrecht. Trefry, J., et al., 2003. Trace metals in sediments near offshore oil exploration and production sites in the Alaskan Arctic. Environmental Geology. Vol 45, No. 2: 149-160. Vellani, K. 2007. Strategic security management a risk assessment guide for decision makers. Butterworth-Heinemann, Amsterdam.... IMPACT OF OIL EXPLORATION, EXTRACTION...
7 Pages(1750 words)Essay

Oil and Gas Exploration at ANWR

... plain, until the development of section 1002 of the act, which authorized a study on the region (Cogwell, 43). This study was to identify the resources found within the region, and whether there was a need of protecting those resources. Section 1003 of the act was developed for purposes of preventing the exploration and drilling of gas and oil in the region. This made the region to be a protected area, and its intention was to protect the environment from irreversible damage that could be created because of the exploration activities of the oil and gas companies (Cogwell, 51). Furthermore, this act denoted that oil and gas exploration could only occur in this area, unless congress authorized it. In 1996, Congress tried to allow... of the...
13 Pages(3250 words)Assignment

Oil and Gas Exploration and Production Contracts

...Oil and Gas Exploration and Production Contracts Represent a Balancing Act Between National Oil Companies and Private International Partners. Tableof Contents Introduction……………………………………………………………………1 History of contracts……………………………………………………………1 Agreement on production Sharing…………………………………………...2 Contract on Risk sharing……………………………………………………..3 Concession agreement………………………………………………………...3 Joint venture…………………………………………………………………..4 Service contract……………………………………………………………….4 Law cases……………………………………………………………………...5 Case study: Nigeria…………………………………………………………...6 Oil discovery in Nigeria………………………………………………………7 Petroleum development in...
17 Pages(4250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Oil Exploration And Development for FREE!

Contact Us