The challenges currently faced by the E&P industry are unparalleled. Subdued hydrocarbon prices and an increased pressure to minimise cost structures provides a convincing reason for managers to implement effective portfolio management technologies. The objective of this paper is to provide a practical portfolio management framework which balances the often conflicting requirements of managing short term financial stresses and long term strategic growth.

Keywords:
portfolio optimization, investment, selection, boundary, Portfolio analysis, constraint, decision maker, stakeholder, exploration, Optionality
Subjects:
Asset and Portfolio Management, Portfolio analysis, management and optimization
Copyright 2017, Society of Petroleum Engineers
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