Economics of Oil and Gas Production

Nadine Bret-Rouzaut
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Nadine Bret-Rouzaut: IFP School

Chapter Chapter 1 in The Palgrave Handbook of International Energy Economics, 2022, pp 3-22 from Springer

Abstract: Abstract In this chapter, Nadine Bret-Rouzaut analyzes the technical and economic aspects of hydrocarbon exploration and production. The chapter begins with a presentation of the different actors in order to understand their respective roles. Then a focus is made on the different phases of an exploration-production project in order to highlight the cost structure and the nature of the risks related to each phase. Finally, an analysis of rent sharing according to the different taxation systems points out the profitability problems of this capital-intensive industry, which is facing many challenges related to climate change.

Keywords: Hydrocarbons; Oil and gas; Exploration; Production; Costs; Risks; Taxation (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-86884-0_1

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DOI: 10.1007/978-3-030-86884-0_1

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