... decisions. asset and portfolio management Upstream Oil & Gas Artificial Intelligence project valuation substantial reduction ibpp economic model granularity integration planning & scheduling economic engine deployment Alianza Casabe Casabe Project economics awp production...

... quality decisions. Artificial Intelligence risk management Energy Economics asset and portfolio management Bayesian Inference project valuation complex reservoir machine learning Project economics estimates of resource in place Upstream Oil & Gas well population Bayesian method...

..., and operating costs. Project economics tax shield Artificial Intelligence project valuation asset and portfolio management Upstream Oil & Gas prospect possible outcome consideration user specify purchase price tax rate drilling operation management reservoir simulation discovery...

... to the NOC by the contractor. Like any other loan, this has financial implications, and can significantly impact the contractor's view of upstream project economics. The ‘carry’ mechanism is an important yardstick that should be considered in comparative analysis of petroleum fiscal systems. In this paper...

... & scheduling business planning Artificial Intelligence project valuation type well investment scenario planning team Project economics different scenario rig day planning process business planning process type curve Scenario Reservoir Engineer Standard Deviation asset and portfolio management...

... cash flow input variable variation NPV offshore field PECE module oil price machine learning Project economics investment production forecast noise forecast probabilistic approach contribution Standard Deviation Introduction Hence, a method is required to convert the future...

... asset and portfolio management financing investment appropriate discount rate capital capital structure Upstream Oil & Gas equity risk premium discount rate earnings Project economics Volatility formula WACC discount rate development society of petroleum engineers smaller company...

..., and/or involve large abandonment liabilities pending in the short-term or long-term -- and to parties who issue or otherwise use PRMS standard valuations. Project economics calculation prm guideline project valuation abandonment cost abandonment payment asset and portfolio management cash flow ELT...

... 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...

... monitoring project valuation energy economics asset and portfolio management reservoir surveillance upstream oil & gas production control project economics reserves evaluation sequence bias production rate historical data industry standard practice field example forecast data spe 162630...

... constraints from the business unit down to the asset team. It will result in a more balanced and diversified portfolio and drive better decisions in the capital allocation process. project economics upstream oil & gas artificial intelligence portfolio optimization asset and portfolio management...

..., resource and value assessments. project economics upstream oil & gas fractile evaluation asset and portfolio management portfolio analysis simulation npv project valuation engineering asset evaluation discretization shortcut mindset delta prospect closure society of petroleum...

... for more or less effective decisions, but also can be used to assess the value of information. Application is illustrated with an assessment that is used to support the decision to enter a shale gas resource play. artificial intelligence machine learning risk management project economics complex...

... of such a framework can drastically reduce model development time and highlight critical terms for profitable outcomes, freeing stakeholders to focus on decision making and implementation strategies rather than building models. project economics profit oil term structure artificial intelligence upstream oil...

... A" and "A and D" should not be selected because there are other portfolios with lower risk and higher expected returns. In any portfolio situation (with or without correlation between project economics), there is an efficient frontier whose portfolios have the lowest risk for a given expected return...

... country supply and demand pricing government government take economic rent energy economics upstream oil & gas supply and demand forecasting host government project economics market analysis contractor incentive draft law economic modeling equitable sharing asset and portfolio...

... 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...

... by applying the ECO framework to more effectively allocate economic capital among business units or projects, to adjust its economic capital to meet long-term strategic needs, and to better manage its risks. risk management Upstream Oil & Gas default default risk Project economics investment...

... & Gas Energy Economics asset and portfolio management futures market transaction cost decision-analytic model discount rate assumption market analysis Project economics forecast improvement information supply and demand forecasting producer forecast accuracy forecast value project...

... is considered, while a 10% net-back on product sales is incorporated to account for the cost of natural gas feedstock. Monte-Carlo simulation is utilized to run sensitivity analysis, incorporating the probabilistic approach, to generate insightful scenarios on the project economics. The results (measures...