Oil And Gas Exploration And Production Company

(TOURMALINE OIL CORPORATION) INTRODUCTION: (Introduction of the org - brief history and how they got to this point) Calgary’s Tourmaline Oil Corporation is a Canadian intermediate crude oil and natural gas exploration and production company. Tourmaline commenced active operations in the fall of 2008 with t a long-term business growth objective and listed on the TSX in November 2010. During 2010, Tourmaline has generated very strong growth in all reserve categories. Due to Tourmaline Oil Corporation’s

BACKGROUND INFORMATION Due to the availability of resource oil market, Aidan Harvey, who is the founder and current executive director of Tullow oil plc established and incorporated the company in 1985. The company has been in operation for a period of 30 years in the oil industry. It is the leading independent company in oil and gas exploration mostly operating in Africa and Atlantic Margins. The main activity has been exploring and producing light oil and it has 148 licenses in about 24 countries approximated

STAGES OF INVESTMENT There are five investment phases with varying level of uncertainty namely: 1. Exploration 2. Appraisal 3. Development 4. Production 5. Decommission The exploration phase takes about 5 years. It involves looking for oil and gas using seismic surveys. There is about 10% certainty to find oil and 75% certainty to find any oil at all. The exploration costs for a conventional oil and gas onshore is $10 - $15 million whereas it is $10 - $100 million in the deepwater’s. The Appraisal

CHAPTER 1 ORIGIN OF PRODUCTION SHARING CONTRACTS 1.1 Background In the context of Economic Development of the country and Energy Security, the role of petroleum and petroleum products as a vital fuel will continue to be there though with a changing face. To address the global needs and demand over next 20-30 years and beyond, substantial increase in Energy Research especially in Hydrocarbon Sector is critical . The high capital investment is required for highly uncertain gains as well as a need to

of oil and gas production and exploration. Gas and oil development plans are branded by huge capital investments. Exploration and production operations incorporate numerous activities, reaching from undertaking geological surveys, finding hydrocarbon resources, and commercially exploiting them. Projects in this area are of a high risk nature in physical trading, and political sense as it is hard to know in advance the presence, degree and value of hydrocarbon resources, as well as production costs

the oil and gas production, exploration and fields in Bulgaria. The Bulgarian energy sector is comparably small in global terms, but is rather sizable in the country’s industrial portfolio. In detail, I will start the discussion with Morphotectonic provinces of Bulgaria and Bulgarian basins. I will introduce the 5 morphotectonic provinces and several Bulgarian basins. Then I will talk about the oil and gas fields in Bulgaria. The most popular oil and gas fields in Bulgaria are Tjulenovo Oil and Gas

|Oil & Gas Industry:Past, Present and Future Sudha Singh At Independence, India 's domestic oil production was just 250,000 tones per annum. The entire production was from one state-Assam. Most foreign experts had written off India as far as discovery of new petroleum reserves was concerned. The Government announced, under Industrial Policy Resolution, 1954, that petroleum would be the core sector industry. Preamble Petroleum exploration

country and natural gas is one of them. The attribute of natural gas that separates it from the other fuels and makes it distinct is that even though it is a non-renewable source of energy it is found in abundance and can last for centuries and its usage results in much lesser pollution compared to other fuels. In India there is huge potential for natural gas and most of this potential is yet to be exploited. In context of rapidly dwindling quantities of fossil fuels natural gas began to gain prominence

This report outlines Granite Oil Corporation’s key strategic objectives and mission for value creation, external environment, organizational design, its competitive advantages, applications to course material and comparisons to other similar companies it is in competition with. Table of Contents Introduction Granite Oil Corporation is a relatively small public corporation dealing in exploration for and exploitation, development

Introduction Various companies, from the large integrated ones, such as Royal Dutch Shell, British Petroleum (BP), Exxon-Mobil, to small exploration and production one like Cairn Energy, operate in the oil and gas industry. Each of these companies faces some financial, commercial or contractual considerations similar throughout the industry, and some peculiar to the area of operation within the industry. Problems within the oil and gas companies have occurred in the past due to askew interests and