Exploration and production of oil industry
Exploration and production companies make money by selling the oil they produce to the market. Revenue = Realized Sale Price x Barrels Sold. Each barrel of oil they produce is sold at a market price, which based on the characteristics of the oil sold will determine the differential in pricing between the barrel sold and a relevant benchmark (for instance, if the barrel of oil has more The Management of Oil Industry Exploration & Production Data (B&W Edition) [Mr Steve Hawtin] on Amazon.com. *FREE* shipping on qualifying offers. Managing technical data within an oil company is a valuable and specialized skill. This book provides a unique insight into the practical and theoretical concepts required to successfully manage subsurface technical data. Oil and Gas Exploration and Production. SIC 1311 | NAICS 211111. The following guide to industry information, research, and analysis provides sources for industry trends and statistics, market research and analysis, financial ratios and salary surveys, and more.