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PETROLEUM ECONOMICS and MANAGEMENT date 27 030 June 2011 venue. UTM International Campus, Kuala Lumpur Introduction Decision making processes in petroleum exploration and development (E&D) are important
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Petroleum economics and management is the field that involves the financial and strategic management of petroleum resources, including exploration, extraction, production, refining, and distribution.
Companies involved in the petroleum industry are required to file petroleum economics and management reports.
To fill out petroleum economics and management reports, companies need to gather and analyze data on production, costs, revenues, and other financial metrics related to their petroleum operations.
The purpose of petroleum economics and management is to help companies make informed decisions about their petroleum operations, maximize profitability, and ensure long-term sustainability.
Information that must be reported on petroleum economics and management includes production volumes, costs of production, sales revenues, taxes, and other financial data related to petroleum operations.
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