Introduction to Petroleum Economics

This book provides a clear and practical introduction to petroleum economics, covering the entire oil and gas value chain and key financial evaluation tools such as NPV, IRR, and cash-flow analysis. It explains petroleum fiscal systems, cost estimation, reserves classification, and risk and scenario analysis, illustrated with real-world examples-particularly from Nigeria. Designed for students, researchers, and industry professionals, the book combines essential theory with practical applications to support informed decision-making in the petroleum sector.