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 |
| Subjects: | |
| Online Access: | http://www.geologia-croatica.hr/ojs/index.php/GC/article/view/361 |
| _version_ | 1811259383680598016 |
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| author | Stevo Kolundžić |
| author_facet | Stevo Kolundžić |
| author_sort | Stevo Kolundžić |
| collection | DOAJ |
| description | <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> |
| first_indexed | 2024-04-12T18:30:34Z |
| format | Article |
| id | doaj.art-d55e3d62f487460988a371bbe42117ad |
| institution | Directory Open Access Journal |
| issn | 1330-030X 1333-4875 |
| language | English |
| last_indexed | 2024-04-12T18:30:34Z |
| publishDate | 2010-11-01 |
| publisher | Croatian Geological Survey |
| record_format | Article |
| series | Geologia Croatica |
| spelling | doaj.art-d55e3d62f487460988a371bbe42117ad2022-12-22T03:21:06ZengCroatian Geological SurveyGeologia Croatica1330-030X1333-48752010-11-0149225125710.4154/GC.1996.19265Selection of Exploration StrategyStevo Kolundžić0INA – Industrija nafte d. d.<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>http://www.geologia-croatica.hr/ojs/index.php/GC/article/view/361ExplorationReserves replacementHighly explored areaOffshoreOnshoreRisk of explorationTurnoverProduction costPublic company |
| spellingShingle | Stevo Kolundžić Selection of Exploration Strategy Geologia Croatica Exploration Reserves replacement Highly explored area Offshore Onshore Risk of exploration Turnover Production cost Public company |
| title | Selection of Exploration Strategy |
| title_full | Selection of Exploration Strategy |
| title_fullStr | Selection of Exploration Strategy |
| title_full_unstemmed | Selection of Exploration Strategy |
| title_short | Selection of Exploration Strategy |
| title_sort | selection of exploration strategy |
| topic | Exploration Reserves replacement Highly explored area Offshore Onshore Risk of exploration Turnover Production cost Public company |
| url | http://www.geologia-croatica.hr/ojs/index.php/GC/article/view/361 |
| work_keys_str_mv | AT stevokolundzic selectionofexplorationstrategy |