Upstream Dynamics : Navigating the Economics of Petroleum Exploration and Production

The upstream petroleum sector is a cornerstone of the global energy landscape. As the world transitions toward more sustainable and diversified energy sources, the role of upstream petroleum economics becomes increasingly complex and dynamic. Blending analytical rigor with real-world case studies from various basins, Upstream Dynamics serves as a professional guide to the economics that govern oil and gas exploration and production. It covers the full asset life cycle—exploration, appraisal, development, production, and abandonment—linking engineering realities with financial decision-making. It provides insights into exploration, drilling, production, reservoir management, risk mitigation, regulatory compliance, and technological innovation. Written by an experienced and practicing senior petroleum economist, this text is aimed at industry professionals and stakeholders, including petroleum economists and engineers, as well as asset managers and analysts, to help them successfully navigate the complexities of the upstream oil and gas sector. Sulaiman F. Al-Sajari is a Senior Petroleum Economist at the Kuwait Foreign Petroleum Exploration Company (KUFPEC), an international oil and gas company with a global portfolio. He has extensive experience in upstream planning and petroleum economics, covering prospect screening, fiscal analysis, reserves and resources classification, field development planning, and portfolio evaluation across projects in the Middle East, Africa, Europe, and Asia. He earned a BSc in mechanical engineering at Florida Atlantic University and has led economic assessments and decision-support analyses for major exploration and development assets under diverse fiscal regimes. His expertise spans traditional economic evaluation methods—such as discounted cash flow—alongside advanced techniques including Monte Carlo simulation, real options valuation, and risk-adjusted modeling.