Selection of Exploration Strategy
<div>The exploration of oil and gas depends on investments and prospective area to be explored. Exploration as a risky business, has to be financed from company's resources, not through loan. Basically, exploration provides oil and gas producers, who are financed through actual production...
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| Format: | Article |
| Language: | English |
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Croatian Geological Survey
2010-11-01
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| Series: | Geologia Croatica |
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| Online Access: | http://www.geologia-croatica.hr/ojs/index.php/GC/article/view/361 |
| Summary: | <div>The exploration of oil and gas depends on investments and prospective area to be explored. Exploration as a risky business, has to be financed from company's resources, not through loan. Basically, exploration provides oil and gas producers, who are financed through actual production.</div><div>Our prospective area is well explored and there is a diminished</div><div>probability of discovering large deposits. Production has a decreasing</div><div>trend.This is why the strategy of exploration needs to be checked and</div><div>redefined . Especially as this coincides with poiitical and economic</div><div>changes and with changes in ownership. Owners and/or their representatives are ready to invest in exploration if the target is clear, the</div><div>cost defined and there is a high probability of finding oil and/or gas.</div> |
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| ISSN: | 1330-030X 1333-4875 |