ABSTRACTThis research examines three aspects of upstream oil and gas management covering organizational choice, safety and environmental performance, and hurricane evacuation decision making. The work applies current microeconomic and econometric methods to structure practical management...

This thesis presents an econometric methodology for analyzing the impact of market concentration (HHI) on the day rate prices paid by E&P operators for the lease of drilling rigs. It is an extension of the work of Lee (2008), ‘Measuring the Impact of Concentration in the Drilling Rig...

This thesis presents a methodology to incorporate reservoir uncertainties and estimate the loss in project value when facility planning decisions are based on erroneous estimates of input variables. We propose a tank model along with integrated asset development model to simulate the concept...

Possessing the knowledge to hedge energy price risks properly is essential and crucial for running a long-term business. In the past, many hedging instruments have been invented and widely used. By using these derivatives, decision makers reduce the price risk to a certain degree. To apply these...

In the Gulf of Mexico offshore exploration and production (E&P) industry, oil company decision-makers desire to drill wells for exploration or development purposes. While a number of organizational arrangements are employed by firms in the E&P industry, most drilling arrangements can be...

The purpose of this paper is to understand why a host country (HC) shows ex post opportunistic behaviors in E&P projects and frequently forces international oil companies (IOCs) to renegotiate previously signed contracts. This research employs the concept of asset specificity and hold-up problem...