The oil and gas production processes starts with desk study where feasible areas are identified.
This is followed by oil and gas corporations visiting countries and seeking for exploration licenses. They then conduct exploration to find out if there is gas and oil reserves.
The third stage is appraisal, here the company conducts economic analysis to find out how many oil wells among others thy will need to drill in order to make profit.
This is the first article in a series that I will share this week.
Read More: Advanced petroleum, oil and chemical spill management
