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Economics and Finance in Indonesia
Basin; exploration; geological and economic variables; wells drilled.
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The Role Of Success Rate, Discovery, Appraisal Spending, And Transitioning Region On Exploration Drilling Of Oil And Gas In Indonesia In 2004-2015, Harry Patria
Economics and Finance in Indonesia
Petroleum exploration decision remains a subject of petroleum and economic studies for decades. Most of the studies discuss the investment decision by focusing on either a technical or economic perspective. In reality, economic, geological, and environmental factors are expected to determine the way investors make a decision. This study aims to increase the understanding of best practices in decision-making by scrutinizing integrative perspectives applying panel data of 32 basins in Indonesia in 2004-2015. This study provides several contributions to optimize decisions on wells drilled. First, this study derives an empirical model examining several plausible factors of economy, geology, and environment. …