Economic Feasibility Study for Petroleum Projects (Practical Aspects)

An increasing importance is given to the Economic Feasibility Study of Petroleum Projects. The reason behind that is the critical role played by the Petroleum Industry in Society, Economy and Foreign Trade. In general, Petroleum Industry is involved with the Exploitation of Oil and Gas Resources to satisfy the country's needs (households and industrial sectors) and to export these resources, in order to, gain foreign currencies which are necessary for funding the country's social and economic requirements. Petroleum Projects have diversity features in terms of location, size, capital, technology and risks. On the Other hand, because of the importance of the Petroleum Industry, high significance should be given to the Economic Feasibility Study, especially the necessary of good knowledge of the nature of Petroleum Activities, Projects and Contracts, as well as the fundamentals of Advanced Feasibility Study.