Bloch, Harry; Voola, Jo - In: International Journal of the Economics of Business 11 (2004) 1, pp. 27-36
The world petroleum industry has been revolutionized by a change in exploration technology from two-dimensional (2D) to three-dimensional (3D) seismic mapping. One of the main effects of the newer technology has been to decrease the cost of finding oil, particularly in offshore fields. We...
