Open AccessTHE EFFECT OF INTANGIBLE DRILLING COSTS ON OIL EXTRACTION UNDER STRATEGIC RESERVES.THE CASE OF SUDAN NATIONAL PETROLEUM CORPORATION- SUDAPET
Author(s) -
Abdelmotalab Osman Mahmoud Dalil,
in Accounting,
Asim Ibrahim Mohammed Yousif
Publication year - 2021
Publication title -
international journal of advanced research
Language(s) - English
Resource type - Journals
ISSN - 2320-5407
DOI - 10.21474/ijar01/13218
Subject(s) - corporation , business , petroleum , petroleum industry , indemnity , sample (material) , engineering , marketing , operations management , finance , actuarial science , paleontology , chemistry , chromatography , environmental engineering , biology
This research aimed to identify the extent to which the costs of intangible drilling affect oil extraction under strategic reserves. To achieve this objective, the research used the descriptive analytical approach. The research also used the questionnaire method, as a research instrument, where, (41) questionnaire forms were distributed to a random sample of employees working at the Sudapet Company- Sudan in 2021. Using the Statistical Package for the Social Sciences program (SPSS). The research has reached, the fact that the end of service indemnity is expensive, which causes the company to incur a huge amount of money. The research has also reached the fact that roads need pavement, and modern machineries are very expensive. Needless to say, that machineries and equipment consume much fuel. The research, on the other hand, recommended the guarding of oil fields by the national army to prevent theft. The research also recommended the preparation of maps and geological survey, and the building of residences for experts and employees in the area of oil fields. This is in addition to remove the natural obstacles such as trees, and rocks that hinder the performance of machineries and equipment.