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Oil & Gas Exploration and Production

Reserves, Costs, Contracts

Authors : BRET-ROUZAUT Nadine


Graduate Engineer from IFP School in Geophysics (France)
MBA from IAE (Paris)

Head of the Petroleum Economics and Management Program (IFP School)
Fields of publication:
Upstream Economics

Nadine Bret-Rouzaut co-authored the following title with Editions Technip:
In French:
– Recherche et production du pétrole et du gaz. Réserves, coûts et contrats.

, FAVENNEC Jean-Pierre

FAVENNEC Jean-Pierre

Graduate Engineer from the Ecole des industries chimiques (Chemical engineering) and from ENSPM  (IFP School - France)

Manager of the Center for Economics and Management at ENSPM (IFP School - France), Professor at ENSPM

Field of publication:
Petroleum refining economics

Author of about 20 scientific articles, Mr. Favennec was the editor of the following title, in French:
- Le raffinage du pétrole - Tome 5. Exploitation et gestion de la raffinerie (Ed. Technip)

Comment : 

Third edition revised and expanded.

ISBN : 9782710809753
hardcover      170 x 240 mm      336 pages
Publication date : September 2011

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Around the book

With contributions by D. Babusiaux (IFP Energies nouvelles), S. Barreau (IFP Energies nouvelles), P.-R. Bauquis (Total), N. Bret-Rouzaut (IFP Energies nouvelles), A. Chétrit (Total), P. Copinschi (IFP Energies nouvelles), J.-P. Favennec (IFP Energies nouvelles), R. Festor (Total), E. Feuillet-Midrier (IFP Energies nouvelles), M. Grossin (Total), D. Guirauden (Beicip), V. Lepez (Total), P. Sigonney (Total) et M. Valette (Total).

The first edition of this book has been selected for inclusion in Choice’s annual Outstanding Academic titles list. It has been rewarded for its excellence in scholarship and presentation, the significance of its contribution to the field, and its value as important treatment of the subject.

The steps that lead to the production of oil and gas are diverse, complex and costly. They are diverse because the detection of oil and gas involves input from many specialties, ranging from geology to reservoir engineering. They are complex, as shown by the development of the job of the petroleum architect, who coordinates all the operations. They are costly, as the investments for exploration and production represent more than half of all investments in the oil and gas sector. Moreover, exploration is a risky activity, both from the technical and financial viewpoint: only one well in five produces marketable oil. Meanwhile, the areas for exploration and production are spread throughout the world.
This book provides a complete overview of the stakes and challenges involved in oil and gas exploration and production. Following a historical review and a survey of the markets, the technical phases are covered, as are the evaluation of reserves, the estimation of investments and costs, the decision-making and control processes, and the accounting, legal and contractual environment for these activities. The book concludes with a discussion of the role of safety, and of environmental and ethical issues.
This work, which is designed for readers concerned with the various aspects of the oil and gas upstream sector, is accessible to all.
This second edition takes into account the huge changes in the oil and gas industry, particularly the large increases in oil prices, investments and costs observed since the first edition.


This book is available in French under the title "Recherche et production du pétrole et du gaz".

Contents :

1. Petroleum: a strategic product. 2. Oil and gas exploration and production. 3. Hydrocarbon reserves. 4. Investments and costs. 5. Legal, fiscal and contractual framework. 6. Decision-making on exploration and production. 7. Information, accounting and competition analysis. 8. Health, safety, the environment, ethics. Bibliography. Glossary. Index.

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