... Intelligence Upstream Oil & Gas prospective resource mean value iteration hydrocarbon economics probabilistic approach NPV probability exploration portfolio development cluster dependency Mmstb Introduction The Prospective Resource potential of exploration portfolios is commonly results...

... Oil & Gas prospect development case production well production profile base development case Drilling structural geology base case npv Chinarevskoye field producer production case development case base case The company has therefore five "geological plays 1 ", each of which...

...One PRMS Definition of "Economic": based on NPV " The revenue and costs components of any term described above (including all other relevant economic and commercial terms) must be accounted for when deriving project NCF , even if they are defined differently by each entity (e.g., company...

... In the case of a thermal heavy oil project, the maximization of the NPV of the project is significantly more complicated and involved than that of a single oil or gas well on primary production due to the following: Capital intensive CPFs that set project level constraints on steam injection...

..., for example, show that while a reduction in drilling and completion times may affect early production metrics, some other factors like production type curve have much more impact on the project's net present value (NPV) and Discounted Profitability Index (DPI). Upstream Oil & Gas quadratic model...

... to determine the impact of these biases on portfolio performance. The results show that disappointment in performance occurs not only because the net present value (NPV) of the realized portfolio is lower than estimated, but also because the risk of the realized portfolio is higher than estimated...

... Abstract This article presents a probabilistic methodology for estimating the Net Present Value (NPV) of oil and gas production development projects. This methodology takes into account the uncertainties of important variables present in the economic evaluation, such as oil and gas production...

... discrete estimate(s) from the resulting resource distribution, prepare economic projections for these cases, and estimate a probability of success (POS) based on geoscientists’ judgment about various risk factors. The POS is multiplied times the discounted net present value (NPV) of the success case, while...

... economics modelling. As illustrated by Delta prospect, discrepancies between resulting NPV approximations and true prospect NPV may be material. Since it may take another generation to break the wall between deterministic and stochastic ways of exploration project assessment, this paper suggests an interim...

... achieved. Using performance data from the database, we can statistically quantify the change in expected outcomes (cost, production, reserves), and therefore the net present value (NPV) realized, as a result of different schedule targets. The results show that chasing aggressive first oil dates has...

... to optimize the development of a gas flood. As a second step, the workflow is used to solve a value of information problem. initial configuration enhanced recovery gas injection method case study objective npv artificial intelligence asset and portfolio management configuration optimization...

... of petroleum engineers spe 130172 npv portfolio analysis frontier asset and portfolio management correlation upstream oil & gas project valuation project economics Introduction One of the most important ideas in finance, pioneered by Markowitz (1999) , is the efficient frontier, showing...

... easily be characterized by strategy and the tradeoffs between them can be assessed. procedure constraint application portfolio budget constraint npv portfolio optimization portfolio selection variance exploration portfolio npv target objective upstream oil & gas performance measure...

... of a fiscal policy with the objective of optimizing the HG’s take while providing an acceptable contractor’s ROR. project economics npv exploration period contractor price scenario fiscal term calculation ncf asset and portfolio management taxable income agreement revenue upstream oil...

... Injection Rate steam injection NPV optimizer thermal method optimization problem Simulation cumulative oil decision variable reservoir heavy oil injection Introduction Heavy Oil has recently become increasingly exploited resource due to the resurgence in oil prices and its relative...

... trajectories are generated using a mean reverting model. A complex income and tax calculation evaluates the net present value (NPV) of free cash flow, and a Monte Carlo simulation generates NPV scenarios for each project. We describe and compare optimization models that minimize several risk measures...

...) and the net present value (NPV) is investigated to access the economic viability of GTL plants. The range of CAPEX utilized is based on the production of one barrel of hydrocarbon liquid per day (BLPD) whereas the OPEX are expressed as percentages of CAPEX. Also, a construction period of three years...

... with no sliding scales in any of their tax or production sharing contract terms will almost always enhance the value of the portfolio. scenario income tax project economics npv asset and portfolio management portfolio optimization upstream oil & gas spe 94631 variation npv proper ring fence...

... and acquire the remaining 55.62% of the project. In general, results indicate that NPV tends to pay more attention on return and does not account properly for risk. Then, as the uncertainty (volatility) of strategic variables increase, the two models give more divergent results. project valuation...

... demonstrated the value of these completions with a high success rate that operators find attractive. In this paper, we present an economic evaluation procedure to quantify the benefit of Intelligent Well Systems based on net present value (NPV) calculations. Reducing well count and eliminating or reducing...