Economic Analysis of Oil and Gas Engineering Operations

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 judged by a combination of a number of economic indicators. Economic Analysis of Oil and Gas Engineering Operations focuses on economic treatment of petroleum engineering operations and serves as a helpful resource for making practical and profitable decisions in oil and gas field development.

• Reflects major changes over the past decade or so in the oil and gas industry
• Provides thorough coverage of the use of economic analysis techniques in decision-making in petroleum-related projects
• Features real-world cases and applications of economic analysis of various engineering problems encountered in petroleum operations
• Includes principles applicable to other engineering disciplines

This work will be of value to practicing engineers and industry professionals, managers, and executives working in the petroleum industry who have the responsibility of planning and decision-making, as well as advanced students in petroleum and chemical engineering studying engineering economics, petroleum economics and policy, project evaluation, and plant design.

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.