Performance Measurement in the Upstream Petroleum Industry PDF Download
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Author: Roger Stephen Ramshaw
Publisher:
ISBN:
Category :
Languages : en
Pages : 304
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Author: Roger Stephen Ramshaw
Publisher:
ISBN:
Category :
Languages : en
Pages : 304
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Author: James Tague
Publisher:
ISBN: 9781593704810
Category : Gas industry
Languages : en
Pages : 0
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Book Description
Operating Expenses, Cash Flow, Finding and Development Costs, Return on Capital Employed are but a few of the hundreds of measurements and metrics used to analyze performance in the oil and gas industry. From individual wells to entire portfolios, performance analysis is used to make decisions throughout an organization. Unfortunately, performance analysis is generally conducted in the higher echelons of an oil and gas company, and thus its value in creating actionable information at the field level is generally lost. This book seeks to bridge this gap by introducing the basic concepts of oil and gas performance analysis. Features and Benefits A common sense methodology that will keep any performance analysis focused, on point and capable of providing useful and actionable information An introduction to the myriad of data sources used in performance analysis including lease operating statements (LOS reports), reserve reports and financial statements An introduction to the most relevant performance metrics used in oil and gas performance analysis including production and cost metrics, reserves, cash flow, and other financial metrics How to analyze, interpret, and evaluate the performance of individual fields, portfolios and overall company performance Audience Field level personnel Management Engineers Energy lending and finance professionals Anyone who seeks to understand how, or relies upon, performance analysis
Author: Alan R. Beckenstein
Publisher: Free Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 200
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Author: Sanjib Chowdhury
Publisher: John Wiley & Sons
ISBN: 111924658X
Category : Technology & Engineering
Languages : en
Pages : 339
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Book Description
Delves into the core and functional areas in the upstream oil and gas industry covering a wide range of operations and processes Oil and gas exploration and production (E&P) activities are costly, risky and technology-intensive. With the rise in global demand for oil and fast depletion of easy reserves, the search for oil is directed to more difficult areas – deepwater, arctic region, hostile terrains; and future production is expected to come from increasingly difficult reserves – deeper horizon, low quality crude. All these are making E&P activities even more challenging in terms of operations, technology, cost and risk. Therefore, it is necessary to use scarce resources judiciously and optimize strategies, cost and capital, and improve business performance in all spheres of E&P business. Optimization and Business Improvement Studies in Upstream Oil and Gas Industry contains eleven real-life optimization and business improvement studies that delve into the core E&P activities and functional areas covering a wide range of operations and processes. It uses various quantitative and qualitative techniques, such as Linear Programing, Queuing theory, Critical Path Analysis, Economic analysis, Best Practices Benchmark, Business Process Simplification etc. to optimize Productivity of drilling operations Controllable rig time loss Deepwater exploration strategy Rig move time and activity schedule Offshore supply vessel fleet size Supply chain management system Strategic workforce and human resource productivity Base oil price for a country Standardize consumption of materials Develop uniform safety standards for offshore installations Improve organizational efficiency through business process simplification The book will be of immense interest to practicing managers, professionals and employees at all levels/ disciplines in oil and gas industry. It will also be useful to academicians, scholars, educational institutes, energy research institutes, and consultants dealing with oil and gas. The work can be used as a practical guide to upstream professionals and students in petroleum engineering programs.
Author: Virginia Lee Acha
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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In this study, I seek to unravel the relationship between technological capabilities and operational performance amongst a peer group of integrated oil companies in the upstream petroleum industry. I argue that the development and deployment of technological capabilities and their complex relationship with operational performance is conditioned by the interpretative frameworks, or technology frames, of the firm. The concept of a technology frame builds upon two theoretical flows: organisational sociology (notably Weick) and the resource-based view of the firm (relying specifically on Penrose, Chandler and Teece). The technology frame is defined as the firm's selfimage of its technological resources, capabilities and opportunities. The technology frame should not be confused with strategy; the frame is comprised of the evident and latent beliefs that provide the context for determining strategy. Using conventional metrics, I compiled a dataset of technological capabilities and operational performance measures for the 10 leading oil companies ('the majors') for the period 1984 to 1997. Fieldwork interviews and industry research developed and expanded this analysis. These findings indicate that, not only is the relationship between technological capabilities and operational performance too complex to be modelled by simple variables and functions, but also that the proxy variables reveal the technology frames rather than the technological capabilities of these firms. To explore the technology frame, I consider two elements: the firm's appraisal of the upstream industry and the nature of the role for technology. The gearing ratio and R&D expenditures are used as indicators of the firm's appraisal of the dynamics of the upstream industry (in growth or efficiency phases), while the nature of the role for technology (implicit or explicit) is proxied by the inclusion or absence of technology management at the executive board level and the positioning of technology within the Annual Report. The existence and value of the frame as a heuristic is then tested through panel data regressions on key expectations of strategic behaviour and outcomes in the area of technological capabilities of firms. The panel-data econometric evidence supports most of the predicted effects, notably indicating that the growth frame is correlated with an explicit frame, and that the role of technology is correlated with upstream R&D expenditure. The technology frame provides a significant extension to the resource-based theory of the firm by identifying the capability of sensemaking as an integral co-determinant of the firm's resources and capabilities (or 'services' as Penrose terms them). On this basis, I am able to interpret the data on technological capabilities and their complex relationship with operational performance in a more consistent and comprehensive manner than has been achieved before.
Author: Michael E. Raynor
Publisher: Penguin
ISBN: 1591846145
Category : Industrial management
Languages : en
Pages : 386
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Book Description
A data-driven assessment analyzes the practices of thousands of high- and low-performing companies over a forty-five-year period to reveal unique thinking habits and counterintuitive strategies.
Author: Virginia L. Acha
Publisher:
ISBN:
Category :
Languages : en
Pages : 214
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Book Description
Author: Oil Industry International Exploration and Production Forum
Publisher: UNEP/Earthprint
ISBN: 9280716395
Category : Environmental management
Languages : en
Pages : 76
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Book Description
Author: Ken Kasriel
Publisher: John Wiley & Sons
ISBN: 1118537696
Category : Business & Economics
Languages : en
Pages : 389
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Book Description
Please contact the authors at
[email protected] for details of how to access the trial version of Crystal Ball, as well as the Excel and other files which are *not* part of the e-book version download. "This is a book no deal team should be without. It is a must for those involved in upstream oil and gas transactions, planning, budgeting, investment appraisal and portfolio management. Its step–by–step approach cuts through complexity, making it comprehensive and understandable by a wide range of users with a wide range of abilities. It can be used as a textbook, an introductory primer or as a handbook that you can dip in and out of or read cover to cover." —Michael Lynch-Bell, Senior Advisor, Oil & Gas, Ernst & Young LLP; ex-officio Chairman, UN Expert Group on Resource Classification In the upstream petroleum industry, it is the value of post–tax cashflows which matters most to companies, governments, investors, lenders, analysts, and advisors. Calculating these cashflows and understanding their “behavior,” however, is challenging, as the industry’s specialized fiscal systems can be complex, jargon–laden, and sometimes seem to be a “world of their own”. Upstream Petroleum Fiscal and Valuation Modeling in Excel: A Worked Examples Approach demystifies fiscal analysis which, unlike disciplines such as Earth sciences and engineering, can be learned from a book. Written in plain English for laymen and for experienced practitioners alike, it is a reader–friendly, clear, practical, step–by–step hands–on guide for both reference and self–paced study. The book does not catalogue the 100+ different petroleum fiscal regimes in use at the time of writing. Rather, drawing on the authors’ combined 48 years’ experience, it takes a more timeless, generic treatment, by covering the most common variants of royalties, taxation, production sharing arrangements, bonuses and abandonment funding , through a dual approach: first, showing how to model them in Excel , and then providing interactive exercises to prompt (and answer) questions that analyze impacts on cashflows. In addition to the main text, the book consists of over 120 Excel files (ranging from modular examples to full models) in Excel 2007 and 2003 formats; over 400 pages of supplementary PDF files; VBA features to enhance model functionality; and an introduction to risk modeling with exercises for the included trial version of Oracle’s Crystal Ball software. It offers both a wealth of content and models equal to or surpassing what is available from fiscal modeling courses costing several times more; and greater insights into underlying calculations than commercially available “black box” fiscal software. New US Securities and Exchange Commission (SEC) rules planned for 2013 will force petroleum companies to disclose more fiscal information on an individual country basis. This will make it more important than ever for analysts to understand how to model oil and gas terms and the potential impacts of the disclosed government payments on future oil and gas company profitability. Due to the heavy use of graphics and cross references used in this particular text, some readers might find that the printed book offers a more optimal reading experience than certain e-formats particularly with the Kindle eMobi format.
Author:
Publisher:
ISBN:
Category : Energy industries
Languages : en
Pages : 156
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Book Description
