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O&G Operations What do they do? by Mind Map: O&G Operations  What
do they do?
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O&G Operations What do they do?

Reserves

Importance, going concern

Growth

Exploration

Acquisition

Development

Onshore vs. Offshore

Logistics

Cash Cost

Reserve-Replacement Ratio

Reserve Claissification

US, Proven 1P

UK, Commercial

Other, 1P 2P

Production Cost per Unit

Classsification

Upstream

Characteristics:, A high level of risk, long time span, etc..

Downstream

Integrated

Accounting distingueshes between

Mission, Aim, Task

Generell

remains our primary source of energy

apporx. 82mil barrel a day

particullary in Upstream

Reserves are assets

Challenge is to

Contracts and its forms

PSC

Royalty

Working interest