International overcommitment draws warning

Journal Article · Mon Oct 19 00:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:7185259

This paper reports that after rushing to take advantage of new opportunities offered by governments around the world, the international petroleum industry may be overcommitted. Cooperation among countries and companies in the next 2 years will be required if a lot of grief is to be avoided, says an international petroleum financing consultant. To respond adequately to the cash crisis, industry must: reduce internal costs; reduce project costs; lay off project obligations; sell noncore assets; renegotiate license obligations; and slow down, scale down projects; and finance projects.

• OSTI ID: 7185259
• Journal Information: Oil and Gas Journal; (United States), Vol. 90:442; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
02 PETROLEUM
OIL FIELDS
RESOURCE MANAGEMENT
PETROLEUM INDUSTRY
INTERNATIONAL COOPERATION
RESOURCE DEVELOPMENT
PLANNING
GLOBAL ASPECTS
LICENSING
COOPERATION
GEOLOGIC DEPOSITS
INDUSTRY
MANAGEMENT
MINERAL RESOURCES
PETROLEUM DEPOSITS
RESOURCES
294002* - Energy Planning & Policy- Petroleum
020700 - Petroleum- Economics
Industrial
& Business Aspects
021000 - Petroleum- Legislation & Regulations