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Practicing engineer Mian provides information on capital investment evaluation in oil and gas exploration and extraction, emphasizing the uncertainty aspect. Relying less on theory than on practical applications, he presents an introduction to the topic and the deterministic evaluation tools currently used in economic evaluation. Topics include before-tax and after-tax cash-flow models, capital budgeting techniques, and contract arrangements in international petroleum economics. A subsequent volume will relate these topics to decision analysis. Annotation c. Book News, Inc., Portland, OR
Practicing engineer Mian provides information on capital investment evaluation in oil and gas exploration and extraction, emphasizing the uncertainty aspect. Relying less on theory than on practical applications, he presents an introduction to the topic and the deterministic evaluation tools currently used in economic evaluation. Topics include before-tax and after-tax cash-flow models, capital budgeting techniques, and contract arrangements in international petroleum economics. A subsequent volume will relate these topics to decision analysis. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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