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Analysis of longrun costs in petroleum production
Estimation of development costs for a producing region
Production decline in Middle Eastern and Venezuelan
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Abqaiq analysis areas assumed average decline rate basin calculated capital expenditures chapter Chase Manhattan Bank coefficient computed corresponding cost of crude crude oil crude petroleum production crude production crude reserves cumulative output daily barrel defined depth development cost development investment discount rate dollars drilling activity dry holes dry-hole costs East and Africa economic expansion cost exploration extraction cost figures function Gas Journal Ghawar given reservoir increase incremental capital-output ratios incremental cost indicates individual reservoirs International Outlook Issue Iran Iraq Kirkuk KSPD Kuwait Lake Maracaibo Libya lognormal distribution long-run cost measure ment Middle East Middle Eastern number of producing observed Oil and Gas oil reservoirs operating outlays parameters percent petroleum industry petroleum production facilities pressure maintenance producing capacity producing regions production periods production rate regression relation replacement capacity reservoir output Saudi Arabia significant specified statistics surface facilities tion Venezuela World Oil