... Since the revenue source of an E&P project comes from its hydrocarbon production levels, this work will employ the decline curve analysis ( Fetkovich, 1980 ), then The equity free cash flow (EFCF) is a straightforward and powerful tool to value projects. The EFCF for an E&P prospect can...

... value price model project finance prospect flexibility decline curve analysis spe field abandonment probability production performance recovery factor gas field equation In Peru, new commercial gas fields are located in offshore Blocks Z-1 and Z-2B, which extend around the border...

... for each prospect in accordance with P90, P50, P10 STOIIP outcomes. Preliminary surface facilities concept was developed and tied to expected markets, which were revealed after detailed region investigation and analysis of logistic and transport options. The whole project life cycle CAPEX and OPEX were...

... Abstract When creating production forecasts in order to evaluate a prospect, is it more realistic to vary the estimated well performance parameters to reflect the likelihood of the prospective resource case being modeled? For example, should wells in the high case perform better than wells...

... prospect drilling fluid management & disposal upstream oil & gas rubble zone gamma ray resistivity log subsalt sediment drilling window lbm gal sediment gouge zone The subsalt JIP was initiated in mid-2005 and completed in October 2007. Additional supplementary work was performed...

... One must estimate NGL yields from prospects on a case-by-case basis, as produced volumes of oil and rich or wet gas will be processes offshore with varying degrees of sophistication, depending on the operating conditions of the facilities on the host platform and the assumed hydrocarbon...

... From SW to NE, the five potential prospects are identified by the first five letters of the latin alphabet, A, B, C, D and E. There are other minor areas of interest outside the main field, where the presence of gas has been proven, but we will not consider these areas here. Several...

... on the subjective choice of a few deterministic scenarios. A novel methodology is proposed to evaluate the potential for a hub in a deepwater multi-prospect development. The approach relies on a probabilistic model of the risks and uncertainties of the resource base, illustrated by a real case study including five...

... are reduced significantly. Otherwise technically or economically un-drillable prospects have been drilled, increasing recoverable reserves in operator's business units. There have been no reportable well control incidents where the root cause has been attributed to the technology itself or failure of its key...

... Abstract Geological properties are likely to be shared for different prospects in a common basin. If, for example, source rock is found in one location, this increases the chance of finding it in other locations. Other geological characteristics will have similar correlation structures. When...

... qualitatively the primary factors underlying deepwater petroleum exploration and development prospectivity worldwide. The paper evaluates the attractiveness and prospectivity of worldwide deepwater offshore basins using empirical indicators to describe efforts and outcomes. The empirical indicators derived from...

..., but that it is potentially significant in total cost models for TLPs. Introduction Cost models for deepwater oil and gas facilities have a variety of uses. Cost models can be employed early in prospect development to estimate expected lease values, to prepare bidding strategies, and to select prospects and manage...

... prospects for oil and gas being economically un-drillable with conventional-wisdom casing set points and fluids programs, MPD is now being viewed as a technology which can render a significant increase in economic drill-ability by reducing excessive drilling-related costs typically associated...

... Abstract Prospects in a common basin are likely to share geologic features. For example, if hydrocarbons are found at one location, they may be more likely to be found at other nearby locations. When making drilling decisions, we should be able to exploit this dependence and use drilling...

... prospect society of petroleum engineers probability scenario information initial rate probability density function spe 96171 demonstration decision alternative upstream oil & gas voi imperfect information perfect information appraisal dependency crude price bin development...

... prospect new mexico artificial intelligence assessment database interface simulated expert interpretation porosity drilling risk input parameter upstream oil & gas fee tool linguistic value delaware basin expert system regional data production data brushy canyon information...

..., and may be extended within a multi-prospect situation to rank competing prospects within a commonly constrained business opportunity. Introduction The post-discovery appraisal effort abounds with opportunity for efficiency. Optimal choices for appraisal well locations and knowing when to end...

... metric target portfolio asset and portfolio management norway project spe 84331 pioneer natural resource example 1 upstream oil & gas procedure project economics disaster insurance example 2 portfolio model insurance selection probability project valuation prospect Copyright 2003...

.... Once we know where we want to go, we can use the portfolio model to develop a plan of how to get there. Developing this plan is a subject unto itself, and has been discussed previously by the authors and others. 1,2,3 upstream oil & gas capital howell iii prospect original plan...

... Abstract Many deepwater exploration prospects are composed of multiple stacked zones of pay. In general, each zone has a geologic probability of success, a probability of oil, and a distribution of technically recoverable volumes. The composite distribution of technically recoverable volumes...