Dependence of Oil Cost Growth on Intensification of Oil Production
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Journal paper
Russian Journal of Entrepreneurship *
№ 2-2 / February, 2010
* Этот журнал не выпускается в Первом экономическом издательстве
Abstract:
Field development with the use of active intensification techniques may lead to an exponential increase in the cost of oil while the proceeds
will grow linearly at the constant oil prices. Under such conditions an oil company becomes very vulnerable to external factors affecting the
price of oil.
Keywords: production program, production intensification, cost of oil, delayed effect, oilproduction company, field development
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