... 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...

.... 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...

... 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...

... though the de-risking process to unlock shale potential requires significant investment and intensive work programs, shale plays can be divided into much smaller segments as often the mineral rights are owned by individuals. Thus, shale plays can be developed independently and jointly by a group...

... 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...

... support sustainable growth or will additional financing be needed? Should additional shares be issued? Will the value gained by developing certain assets offset share dilution effects? What working interest or scale of investment should be targeted for acquisition, given current balance sheet...

..., the alternative scenarios with exploration, appraisal, development, and production activities have been ranked. The main 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...

... Abstract Oil and gas companies typically use discounted cash flow analysis in determination of the value of their oil and gas investments. "PV-10" is often accepted as the present worth of an oil and gas investment, but does a 10% discount rate represent the true cost of capital and include...

... the backdrop of a maturing basin made the North Sea a less attractive place to invest in. Renewed interest in the North Sea seen in the last 5 years has been a direct result of the UK and Norwegian governments engaging with the stakeholders and introducing new policies which have the right incentives to extend...

.... The standard project parameters, investments yardsticks and the government and contractor takes were calculated with the aim to obtain the Uruguayan rent and the relative impact of the local content. This work constitutes the first approach to the analysis of expenditures and investment during the current...

... Abstract Shale asset property consolidation, fractional acquisition of proven properties, and outright company acquisitions generate a growing demand for technical-economic appraisal support. Proven concept plays, attractive to larger oil and gas companies and investment firms, often have large...

... investment IEA government gas Deposit unconventional source shale gas deposit economics gas project incentive Introduction The shale ‘boom’ (Maugeri, 2012) or ‘revolution’ ( Stevens, 2010 ), as recurrently referred, created an environment of unstable and divided projections about the future...

... is essential, since the future incomes and expenses schedules must be turned into future cash flows, which, even though, must be associated to an investment decision in the present. Hence, a method is required to convert the future incomes and expenses into a value today. This is made by multiplying...

... the corporate decision makers to analyze different investment/divestment strategies under variable market conditions, quantify the impact of the strategies on the corporate portfolio and assess the interaction of each of the competing opportunities (or opportunity set), manage and aggregate assets at different...

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

... upstream oil & gas government contract extension reserves evaluation category cost recovery entitlement asset and portfolio management investment recognition production-sharing contract revenue exploration agreement economic interest reserves classification payment royalty...

..., and resource uncertainty combined with political and commodity price volatility continuing to redefine the industry. Business performance indicators at every level in the organization are driving the demand for more efficient utilization of human resources, technical data, investment capital, and operating...

... 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...

... 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...