... Abstract Valuing an asset is not simply taking total potential revenue and deducting from it the estimated cost to produce that revenue. Likewise, an asset with the highest net present value (NPV) is not necessarily the best investment for a company to make. More important than its potential...

... players in the M&A buyer population, due either to their large sovereign cash reserves, or the vast sums raised for investment funds. Whilst this new capital has been welcomed by the industry, as it helps to support drilling and development activity levels (that otherwise would have been in further...

... process was described by MacKay (1995) at a previous HEES Symposium (SPE 30043). The objective of this paper is to compare the procedure described by MacKay (1995) to a similar procedure using the modified Kelly method. The Kelly Criterion is currently used for financial investment decisions ( Lee...

... resource economics onshore rig count shale producer competition crude production complex reservoir investment lto production Drilling activity Shale Production society of petroleum engineers North American shale oil producers find themselves in the spotlight. Before 2015, much focus...

... production by attracting experienced companies capable of facing current technical challenges and increasing upstream investment. Furthermore, areas of opportunity in the new regulations were identified to make the project conditions more attractive for companies and government. This study is built upon...

.... The examples illustrate solving strategic issues such as rapidly exploring strategic investment scenarios, assessing investment options at multiple commodity price points, balancing financial and operational metrics, balancing near and long term performance and rapidly developing capital allocation strategies...

... investment repayment method State Participation Upstream Oil & Gas regime royalty contractor asset and portfolio management equity share repayment contractor value government take host country participation atcf cashflow project valuation profit oil contractor cashflow fiscal regime...

..., there is a number of geocientists and reservoir engineers skilled in performing probabilistic oil and gas production forecasts. Methodologies for assessing the economic variables, such as price, investment and operational cost are also recurring themes in the industry. Price and investment forecast, as well...

... of return (IRR) is used to measure each investment to determine which is most profitable. IRR is an indicator of the quality or yield of an investment, in contrast with the net present value, which is an indicator of the value or amount of an investment. Assuming all projects require the same amount...

... constraint increased to 50%. Maximized share price from 2014 – 2018. High confidence in delivery of key performance targets (Resources, production, and Projected Share Price growth). Increasing the debt limit to 50% allowed investment in a number of near-term assets, increasing the growth rate...

... the costs production – both fixed and variable costs - and to forecast potential revenues, directly related to ‘the actual costs, prices and production profiles’ ( Meurs; Rodgers; Kepes, 2011 ). The assessment of these parameters allow ranking of projects and are indispensable to orient the investment...

.... It is our belief that a lack of appropriate supporting systems and tools has been the main factor. We have worked together to design a new methodology, underpinned by technology, which represents a paradigm shift in the way upstream managers assess investments, toward an approach that incorporates decision...

... asset and portfolio management investment Upstream Oil & Gas project valuation regime basin UK government government incentivize investment Field Allowance small field allowance fiscal incentive allowance Norway Project economics development cost exploration society...

... conclusion is that investments in additional exploration activities and production facilities can be expected to increase the profitability of the Chinarevskoye field, even under the latest Kazakhstan fiscal terms. In addition the optimum exploration well-drilling sequence has been identified. The technical...

... ). At the same time, international service companies has submitted several proposals for the acquisition of geological and geophysical data on a multi-client (specultative) basis, with the potential of increasing even more the level of exploratory activity and foreign investment in this sector. Livestock...

... and related financial information are also discussed in contrast with internal reporting needs for technical and business planning purposes. upstream oil & gas government contract extension reserves evaluation category cost recovery entitlement asset and portfolio management investment...

... investment decision must be consistently evaluated for its ability to contribute to the corporate strategy while maximizing the usage of available resources. The aim of this study is to show how an integrated portfolio management solution can provide benefits when used at every stage in the asset development...

... undertaken the most ambitious privatization efforts. Mexico expects its gas demand to more than double, with about half the gas used in power generation. The expected expansion of the North American gas market will require considerable investment in new pipeline capacity from more distant resources...

... price security market energy economics volatility price assumption investment option assumption market analysis supply and demand forecasting standard deviation upstream oil & gas investment supply and demand pricing price movement stability crude oil price "Risk" is a broad...

... that characterizes unconventional plays throughout their lifecycle makes investment decisions around land acquisition, infrastructure development, and drilling programs challenging. This uncertainty comes on top of the other variability faced by conventional operations. The gradual investment profile...