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Economics of Oil and Gas Production

In: The Palgrave Handbook of International Energy Economics

Author

Listed:
  • Nadine Bret-Rouzaut

    (IFP School
    SciencesPo—Paris School of International Affairs)

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.

Suggested Citation

  • Nadine Bret-Rouzaut, 2022. "Economics of Oil and Gas Production," Springer Books, in: Manfred Hafner & Giacomo Luciani (ed.), The Palgrave Handbook of International Energy Economics, chapter 0, pages 3-22, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-86884-0_1
    DOI: 10.1007/978-3-030-86884-0_1
    as

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