Hydrocarbon production in the petroleum industry is often constrained by reservoir heterogeneity, deliverability and capacity of surface facilities, also optimization technique in the petroleum industry requires execution ...

Petroleum Fiscal System (PFS) is a major determinant of investment decision in the exploration and production of oil and gas in any country. It basically describes the profitability relationship between the host government ...

Upstream petroleum industry remains one of the most prolific industries in terms of technology and risk capital transfer. Consequently, governments all over the world try to formulate political as well as economic structures ...