A review of Oil production capacity expansion costs for the Persian Gulf
Name
35721645.pdf
Size
319.53 KB
Format
Adobe PDF
Checksum (MD5)
29cd689a3d39cc858b1a0f4d7eff3cf1
Author(s)
Adelman, Morris Albert
Date Issued
1996
Publisher
MIT Center for Energy and Environmental Policy Research
Series/Report no.
MIT-CEEPR (Series) ; 96-006WP.
Abstract
The U.S. Energy Information Agency has recently published a report prepared by Petroconsultants, Inc. that addresses the cost of expanding crude oil production capacity in the Persian Gulf. A study on this subject is much needed in view of the dwindling supply of data on such costs from this region; however, this report does not provide any data and does little more than present the consultants' assumptions. Where those assumptions can be checked against plausible extrapolations of costs elsewhere, the investment per well is too high and productivity per well is too low. The result is an overstatement of the needed investment per unit of output.
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