1st Edition

Economic Analysis of Oil and Gas Engineering Operations

By Hussein K. Abdel-Aal Copyright 2021
384 Pages 135 B/W Illustrations
by CRC Press

384 Pages 135 B/W Illustrations
by CRC Press

384 Pages 135 B/W Illustrations
by CRC Press

Engineers seek solutions to problems, and the economic viability of each potential solution is normally considered along with the technical merits. This is typically true for the petroleum sector, which includes the global processes of exploration, production, refining, and transportation. Decisions on an investment in any oil or gas field development are made on the basis of its value, which is... Read more

Section I Facts about Crude Oil and Gas Industry

Chapter 1 Oil and Gas Industry Overview

Chapter 2 Crude Oil: Origin and Background

Chapter 3 Composition and Types of Crude Oil and Composition

of Natural Gas

Section II Fundamentals of Engineering

Economic Analysis

Section II.I Basic Concepts

Chapter 4 Time Value of Money in Capital Expenditures

Chapter 5 Depreciation and Depletion in Oil Projects

Section II.II Profitability Analysis and Evaluation

Chapter 6 Annual Rate of Return (A.R.R.) & Payout Period (P.P.)

Chapter 7 Discounted Cash Flow Rate of Return (D.C.F.R.) and Present

Value Index (P.V.I.)

Chapter 8 Analysis of Alternatives, Selections, and Replacements

Chapter 9 Feasibility Study

Chapter 10 Model Solved Examples

Section II.III Mathematical Approaches

Chapter 11 Risk and Decision Analysis in Oil Operations

Chapter 12 Oil Reserves and Reserve Estimate

Section III Engineering Decisions through

Economic Impact Analysis:

Applications and Real World Examples

Section III.I Upstream Operations (Subsurface Operations)

Section III.II Upstream Operations (Subsurface

Operations): Exploration and Production (E&P)

Chapter 13 (E&P) Exploration, Drilling, and Oil Production—Part 1

Chapter 14 (E&P) Exploration, Drilling, and Oil Production—Part 2

Section III.III Middle Stream Operations: "Surface Operations"

Chapter 15 Principal Field Processing Operations and Field Facilities

Chapter 16 Fluids Separation

Chapter 17 Operations Handling Crude Oil: Treatment, Dehydration,

and Desalting

Chapter 18 Operations for Gas Handling (Conditioning), Treatment,

and Separation of NGL

Section III.IV Downstream Operations: Petroleum

Refining of Crude Oil Into Useful

Products (Three Parts) and Oil and

Gas Transportation (One Chapter)

Chapter 19 Crude Oil Refining—Part 1

Chapter 20 Crude Oil Refining—Part 2

Chapter 21 Crude Oil Refining—Part 3: Background on Modeling

and Computer Applications

Chapter 22 Oil and Gas Transportation

Biography

Hussein K. Abdel-Aal is Emeritus Professor of Chemical Engineering and Petroleum Refining, NRC, Cairo, Egypt. He received his BS in Chemical Engineering in 1956 from Alexandria University and MS and PhD in Chemical Engineering in 1962 and 1965, respectively, from Texas A&M University, College Station. Prof. Abdel-Aal joined the Department of Chemical Engineering at KFUPM, Dhahran, Saudi Arabia (1971–1985). He was the head of department for the period 1972–1974. He was also Visiting Professor with the Chemical Engineering Department at Texas A&M (1980–1981). In 1985–1988, he assumed the responsibility of the head of the Solar Energy Department, NRC, Cairo, before rejoining KFUPM for the period 1988–1998. Prof. Abdel-Aal conducted and coordinated projects involving a wide range of process development, feasibility studies, industrial research problems, and continuing education programs for many organizations, including Suez Oil Processing Company, Petromin in Riyadh (Saudi Arabia), Arab Petroleum Investment Corp in Dhahran (Saudi Arabia), Hagler-Baily & Company, Washington DC, Mobil/Esso oil companies in Libya, and Kuwait oil companies. Prof. Abdel-Aal has contributed to more than 90 technical papers, is the editor of the book Petroleum Economics & Engineering, Third Edition, and is the main author of the textbook entitled Petroleum and Gas Field Processing, Second Edition. Both books were published by Taylor & Francis Group/CRC Press. Prof. Abdel-Aal is a member of AIChE, Sigma Si, and Phi Lambda Upsilon. He is a fellow and founding member of the board of directors of the International Association of Hydrogen Energy.