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Bilkent University Lecture Series
This paper presents an evaluation of the trend of oil level production dependence on its operating cost, current oil price and expected revenue over a production period of 10 years (2003)(2004)(2005)(2006)(2007)(2008)(2009)(2010)(2011)(2012). Results from both experiment and model prediction show that the oil production level is very significantly affected by its operating cost and expected revenue at a particular current oil price. A three-factorial model was derived, validated and used fordoi:10.1007/978-1-4612-2626-0 fatcat:bmc6msjin5foje2ogdicekzahm