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This significantly updated edition looks at each stage in the life cycle of petroleum products, from exploration to end use, examining the environmental pressures on the Oil Industry and its response. The Oil Industry produces a range of products without which modern civilization could not exist. Nevertheless, in today’s environmentally conscious world, society demands that the industry manufactures and markets the products without unduly polluting the environment. Its ability and willingness to comply determines whether society will allow it a licence to operate. Technical developments are progressing in line with environmental concerns and increasing sophistication of computer modelling techniques. These subjects are inter-related, but have often been dealt with independently.