Petroleum Exploration Strategies in Developing Countries: ABSTRACT

Abstract

The petroleum industry strategy of most developing countries is not clearly defined. Strategies can differ significantly, because of differences in potential, willingness to accept risk, distance to markets, etc. from country to country. Further differences result from the degree to which governments are knowledgeable as to the significance of their own data. It can be said that the End_Page 966------------------------------ quality of a government's technical information is the key factor in its formulation of an effective strategy. The status of petroleum exploration in each country must be assessed, and the most important elements or tools to be used by governments to achieve the objectives of their strategies must be understood. These are such instruments as Petroleum Regulations, Reconnaissance Licenses, and Exploration and Production Licenses. Next, it is necessary to consider how the principal objectives can be achieved and how strategies can be improved as scenarios change. With this background, a sequence of actions can be proposed and the petroleum industry assistance offered by the United Nations Department can be evaluated. End_of_Article - Last_Page 967------------