Dependence of Oil Cost Growth on Intensification of Oil Production

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Dependence of Oil Cost Growth on Intensification of Oil Production

Timur Gilyazov

(about the author)

Published in:
Russian Journal of Entrepreneurship
– № 2-2 / February, 2010

Keywords: cost of oil, delayed effect, field development, oilproduction company, production intensification, production program

Citation:
Timur Gilyazov (2010). Dependence of Oil Cost Growth on Intensification of Oil Production. Russian Journal of Entrepreneurship, 11(2), 101-105. — url: http://bgscience.ru/com/lib/2142

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Abstract:

Field development with the use of active intensification techniques may lead to an exponential increase in the cost of oil while the proceeds will grow linearly at the constant oil prices. Under such conditions an oil company becomes very vulnerable to external factors affecting the price of oil.

References:

Dependence of Oil Cost Growth on Intensification of Oil Production

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