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Keywords: npv
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Proceedings Papers

Paper presented at the SPE/IAEE Hydrocarbon Economics and Evaluation Symposium, May 17–18, 2016
Paper Number: SPE-179954-MS
... c c e s s ) Where: NPV(success) = Expected or mean NPV of all possible successful outcomes Cost of failure = Discounted after tax exploration cost (well, seismic, studies etc.) The expected NPV (ENPV) should be the probability weighted average NPV of all possible...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, May 19–20, 2014
Paper Number: SPE-169836-MS
... 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...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, May 19–20, 2014
Paper Number: SPE-169848-MS
... 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 one minus the POS would...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, May 19–20, 2014
Paper Number: SPE-169845-MS
... 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...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, May 19–20, 2014
Paper Number: SPE-169834-MS
..., 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). complex reservoir Reservoir...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, May 19–20, 2014
Paper Number: SPE-169859-MS
... Abstract The development of any hydrocarbon resource should be planned to maximize the net present value (NPV) of the asset to stakeholders, subject to any imposed constraints. For example, in the evaluation of a single oil or gas well on primary production, assuming no additional constraints...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, May 19–20, 2014
Paper Number: SPE-169875-MS
... ELT to assume abandonment dates which result in Net Present Values (" NPVs ") of discounted future cash flows which are lower than an Investor could achieve by using a different abandonment date. In such cases, the PRMS approach is tantamount to Investor value destruction. This paper presents...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, May 19–20, 2014
Paper Number: SPE-169878-MS
... production Reservoir Characterization Chinarevskoye field producer production case base case npv investment full cycle economic analysis extension production well production profile development case base case Drilling Introduction In year 2005 Zhaikmunai created and started to implement...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, September 24–25, 2012
Paper Number: SPE-162911-MS
... 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...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, September 24–25, 2012
Paper Number: SPE-162878-MS
... 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...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, March 8–9, 2010
Paper Number: SPE-129259-MS
... easily be characterized by strategy and the tradeoffs between them can be assessed. procedure constraint application portfolio performance measure budget constraint npv portfolio optimization portfolio selection variance exploration portfolio npv target objective upstream oil & gas...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, March 8–9, 2010
Paper Number: SPE-129566-MS
...) between $0.22-0.27 million per pattern when analyzing K o ro , and a range of $0.2-0.47 million per pattern for K o rg . The results suggest that NPV is more affected by inaccuracy in the estimation of the mobility of the gas (displacing) phase than the estimation of the mobility of the oil...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, March 8–9, 2010
Paper Number: SPE-130172-MS
... of this paper and providing useful comments, and to Peter Lilienthal for suggesting the graphical representation of Figure 3 . Nomenclature Nomenclature Abbreviation Expansion E Expected Value NPV Net Present Value P Probability SD Standard Deviation Portfolio Mean...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, March 8–9, 2010
Paper Number: SPE-130127-MS
... of a fiscal policy with the objective of optimizing the HG’s take while providing an acceptable contractor’s ROR. ror taxable income agreement revenue upstream oil & gas project economics npv exploration period contractor price scenario fiscal term project npv project valuation fiscal...
Proceedings Papers

Paper presented at the Hydrocarbon Economics and Evaluation Symposium, April 1–3, 2007
Paper Number: SPE-107949-MS
... model to understand the synergies between the two domains. enhanced recovery steam-assisted gravity drainage thermal method optimization problem SAGD objective function normalized decision variable cyclic steam stimulation steam injection Simulation NPV normalized objective function...
Proceedings Papers

Paper presented at the Hydrocarbon Economics and Evaluation Symposium, April 1–3, 2007
Paper Number: SPE-107708-MS
... 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...
Proceedings Papers

Paper presented at the Hydrocarbon Economics and Evaluation Symposium, April 1–3, 2007
Paper Number: SPE-107654-MS
...) 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...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, April 3–5, 2005
Paper Number: SPE-94565-MS
... frontier frontier optimization problem upstream oil & gas asset and portfolio management portfolio optimization decision maker portfolio solution envelope npv efficient frontier analysis artificial intelligence portfolio analysis deviation scenario economic evaluation boundary...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, April 3–5, 2005
Paper Number: SPE-94630-MS
... one ( 3 ) provides economic parameters (ROR and NPV). In addition, STEP was used for optimizing the SAGD performance in the three typical Alberta oil sands reservoirs. STEP as a quantitative economic criterion The SAGD simulations described in this study have been optimized to have...
Proceedings Papers

Paper presented at the SPE Hydrocarbon Economics and Evaluation Symposium, April 3–5, 2005
Paper Number: SPE-94631-MS
.... scenario income tax project economics npv asset and portfolio management upstream oil & gas spe 94631 variation npv proper ring fence contract portfolio analysis portfolio optimization recovery ring fence provision fiscal variable proper ring fencing ring fencing royalty license...

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