Basic prerequisites for petroleum exploration and development programs

Allen G. Hatley

Energy, 1981, vol. 6, issue 11, 1255-1261

Abstract: From both a government and an oil exploration company perspective certain basic prerequisites are necessary for initiating and maintaining rational and orderly oil and natural gas exploration and development programs. These prerequisities are: 1.(1) realistic government policy augmented by effective petroleum legislation to initiate and promote adequate exploration and development programs;2.(2) a reasonable expectation for success in attaining the goals of all participating parties;3.(3) available “risk capital” to invest in these programs; and4.(4) sound exploration judgment and adequate technology possessed by those responsible for conducting the programs.

Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:6:y:1981:i:11:p:1255-1261

DOI: 10.1016/0360-5442(81)90036-0

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