Assessing the Stability of the Oil and Gas Production in Common Fields: Application of Game Theory

One of Iran's oil and gas reservoirs' characteristics is that some huge reservoirs are shared with its neighbors. common fields neighbors among the most valuable income national wealth sources, so production delays cause irreparable damage to economy. Therefore, this research attempts use game theory investigate optimal onshore offshore. For purpose, existing revenues costs have been identified extracted by reviewing literature. Yadavaran field South Pars were selected as case studies. After developing model using mathematical optimization, values decision variables, rate, selling price, profit for each player in calculated. The results solving designed games showed best strategy Nash equilibrium Iran cooperation.