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Petroleum Economics and Risk Analysis

Petroleum Economics and Risk Analysis Book
Author : Mark Cook
Publisher : Elsevier
Release : 2021-01-29
ISBN : 0128232064
Language : En, Es, Fr & De

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Book Description :

Petroleum Economics and Risk Analysis: A Practical Guide to E&P Investment Decision-Making, Volume 69, is a practical guide to the economic evaluation, risk evaluation and decision analysis of oil and gas projects through all stages of the asset lifecycle, from exploration to late life opportunities. This book will help readers understand and make decisions with regard to petroleum investment, portfolio analysis, discounting, profitability indicators, decision tree analysis, reserves accounting, exploration and production (E&P) project evaluation, and E&P asset evaluation. Includes case studies and full color illustrations for practical application Arranged to reflect lifecycle structure, from exploration through to decommissioning Demonstrates industry-standard decision-making techniques as applied to petroleum investments in the oil and gas industry

Petroleum Economics and Risk Analysis

Petroleum Economics and Risk Analysis Book
Author : Paul D. Newendorp
Publisher : Unknown
Release : 1978
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Petroleum Economics and Risk Analysis book written by Paul D. Newendorp, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Petroleum Exploration Economics and Risk Analysis

Petroleum Exploration Economics and Risk Analysis Book
Author : Paul D. Newendorp,American Association of Petroleum Geologists. Continuing Education Program,Canadian Society of Petroleum Geologists
Publisher : Unknown
Release : 1983*
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Petroleum Exploration Economics and Risk Analysis book written by Paul D. Newendorp,American Association of Petroleum Geologists. Continuing Education Program,Canadian Society of Petroleum Geologists, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Petroleum Exploration Economics and Risk Analysis

Petroleum Exploration Economics and Risk Analysis Book
Author : Paul D. Newendorp
Publisher : Canada? : s.n.
Release : 1987
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Petroleum Exploration Economics and Risk Analysis book written by Paul D. Newendorp, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Petroleum Exploration Economics and Risk Analysis

Petroleum Exploration Economics and Risk Analysis Book
Author : Paul D. Newendorp
Publisher : Unknown
Release : 1983
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Petroleum Exploration Economics and Risk Analysis book written by Paul D. Newendorp, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Decision Analysis for Petroleum Exploration 3 0 Edition

Decision Analysis for Petroleum Exploration  3  0 Edition Book
Author : Paul D. Newendorp,John R. Schuyler
Publisher : Unknown
Release : 2013-08-12
ISBN : 9780966440140
Language : En, Es, Fr & De

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Book Description :

This is a major rework of Paul Newendorp's 1975 best-seller, which became the standard reference in the field. This book is now structured as a handbook of over 330 important concepts in risk and economic decision analysis. As the title suggests, well over half the examples apply to petroleum exploration investment decisions. Perhaps 80% of the topics are generally applicable to capital investment, project management, and operations decisions. Topics in the book represent a composite of evaluation practices and problem-solving approaches now commonly used in oil & gas and other capital-intensive industries. Several important and practical techniques were first published in the first edition. Decision analysis methods apply to any type of decision. The emphasis here is on quantitative methods useful in capital investment decisions and decisions to acquire additional information. This will be of special interest to anyone involved in the evaluation of property acquisitions, geophysical surveys, prospect drilling, and field development decisions. This book is intended for petroleum geologists, engineers, geophysicists, evaluation and planning analysts, and managers. This is not a first book in decision analysis. We presume the reader has a general familiarity with management, economics, decision analysis, and knowledge of the oil & gas industry. As a handbook we are focusing on what is most important and practical. Major topic area include the decision analysis process, key concepts in probability and statistics (including Bayes' rule and easy equivalents), decision policy (including risk policy expressed as a utility function), popular economic metrics and concepts, project and enterprise modeling, decision tree analysis, Monte Carlo simulation, and various special topics. Value of information problems receive special attention. Over 270 figures help illustrate the concepts. The expected value (EV) concept is central throughout. Most often we assume a decision policy that maximizes EV. Most of the discussion presumes a business context and measuring outcome as net present value (NPV). We also describe approaches for multi-criteria decision making including HSE. Expected monetary value (EMV = EV NPV) is the principal decision criterion used in most examples. The EV calculation incorporates judgments about risks and uncertainties expressed as probabilities and probability distributions. EV is the cornerstone of formal, quantitative analysis for decisions under uncertainty. The key calculation methods are decision trees and Monte Carlo simulation. Small decision trees can be solved with a hand calculator, while larger trees and Monte Carlo simulation usually require a computer. Software supporting these methods is now widely available as Microsoft(r) Excel(r) spreadsheet add-ins and for other platforms. The material is organized into seven sections: Decision Analysis Process, Probability and Statistics, Decision Policy, Economic Matters, Modeling, Decision Tree Analysis, and Monte Carlo Simulation. Throughout, real-world exploration examples are presented to illustrate the risk and decision analysis methods. This revised 3.0 edition features a larger page format, an updated and expanded bibliography, and an extensive glossary. We also offer additional material online, including extended discussions, software resources, and example Excel spreadsheets.

Energy Finance and Economics

Energy Finance and Economics Book
Author : Betty Simkins,Russell Simkins
Publisher : John Wiley & Sons
Release : 2013-02-19
ISBN : 1118017129
Language : En, Es, Fr & De

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Book Description :

Thought leaders and experts offer the most current information and insights into energy finance Energy Finance and Economics offers the most up-to-date information and compelling insights into the finance and economics of energy. With contributions from today's thought leaders who are experts in various areas of energy finance and economics, the book provides an overview of the energy industry and addresses issues concerning energy finance and economics. The book focuses on a range of topics including corporate finance relevant to the oil and gas industry as well as addressing issues of unconventional, renewable, and alternative energy. A timely compendium of information and insights centering on topics related to energy finance Written by Betty and Russell Simkins, two experts on the topic of the economics of energy Covers special issues related to energy finance such as hybrid cars, energy hedging, and other timely topics In one handy resource, the editors have collected the best-thinking on energy finance.

Petroleum Exploration Economics and Risk Analysis

Petroleum Exploration Economics and Risk Analysis Book
Author : Paul D. Newendorp,Lafayette Geological Society
Publisher : Unknown
Release : 1981
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Petroleum Exploration Economics and Risk Analysis book written by Paul D. Newendorp,Lafayette Geological Society, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Petroleum Exploration Economics and Risk Analysis

Petroleum Exploration Economics and Risk Analysis Book
Author : Anonim
Publisher : Unknown
Release : 1978
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Petroleum Exploration Economics and Risk Analysis book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

International Exploration Economics Risk and Contract Analysis

International Exploration Economics  Risk  and Contract Analysis Book
Author : Daniel Johnston
Publisher : Pennwell Corporation
Release : 2003
ISBN : 9780878148875
Language : En, Es, Fr & De

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Book Description :

Deals with international exploration economics and petroleum fiscal system analysis and design and contains the most up-to-date information and discussions in the industry on the subject.

Hydrocarbon Exploration and Production

Hydrocarbon Exploration and Production Book
Author : Frank Jahn,Mark Cook,Mark Graham
Publisher : Elsevier
Release : 2008-03-13
ISBN : 9780080568836
Language : En, Es, Fr & De

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Book Description :

Hydrocarbon Exploration and Production, Second Edition is a comprehensive and current introduction to the upstream industry, drawing together the many inter-disciplinary links within the industry. It presents all the major stages in the life of an oil or gas field, from gaining access to opportunity, through exploration, appraisal, development planning, production, and finally to decommissioning. It also explains the fiscal and commercial environment in which oil and gas field development takes place. The book is written for industry professionals who wish to be better informed about the basic technical and commercial methods, concepts and techniques used in the upstream oil and gas business. The authors are the founders of TRACS International, a company which has provided training and consultancy in Exploration and Production related issues for many clients world-wide since 1992. Clearly written in a concise and straightforward manner Features detailed technical illustrations to maximize learning Presents major advances in the industry, including technical methods for field evaluation and development and techniques used for managing risk within the business Developed from TRACS International course materials, discussions with clients, and material available in the public domain

HYDROCARBON ACCOUNTING PETROLEUM ECONOMICS and INVESTMENT DECISIONS

HYDROCARBON ACCOUNTING  PETROLEUM ECONOMICS and INVESTMENT DECISIONS Book
Author : Methadius Ofili
Publisher : Unknown
Release : 2021-08-26
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Hydrocarbon Accounting entails accounting for well production or field operations especially volumetric and contractual allocations, contract pricing and valuation, payment processing, revenue distribution, taxation and royalty payment. These data are captured by oil and gas firms across exploration, production and distribution operations. With reliable unified reporting, informed decisions can be made as far as production planning, asset management and financial management are concerned. It is not only mandatory, but also governed by the Petroleum Industry Act of 2021. This book addresses topics captured in the PIA; especially mandatory accurate hydrocarbon accounting. Topics include oil block acquisition, payables, receivables, joint venture accounting, tax oil, profit oil, operating income, depreciation, depreciation allowance, amortization, cost depletion, ringfencing, contractual systems such as pure service contracts, production sharing contract, risk service contracts, technical assistance agreements, oil mining lease, petroleum licensing rounds and joint ventures. It also covers gross oil production, cost recovery, royalty oil, contractor share, Home Government share, contractor profit, and income tax. Other topics are royalty payment, work commitment, cost recovery limits, participation agreement, operating agreement, memorandum of understanding, depletion calculation, cost depletion, concessionary deductions, commerciality requirement, profits and taxes, the economic rent theory, economic limit, reserve recognition accounting, reserves classifications, bonuses, rents, royalty trust, cost and full accounting, royalties, concessionary fiscal systems, chargeable profit, chargeable tax, assessable tax, disallowed deductions, adjust for profit and production splits as they affect ex[loration, drilling and production. While the hydrocarbon accountant performs their duties, the Petroleum Economists assist and enhance investment decision making by analyzing these and other factors including exploration and well drilling data, whether or not the development of an entire gas production project should proceed. Their inputs are critical in Production Sharing Contracts negotiations and oil and gas block (properties) purchase. They are inevitably involved in the evaluation and management of the operational, environmental, geological, technical, economic and related risks associated with different phases of oil and gas projects. Their work also includes the financial analysis of oil and gas production as well as the forecasting of cash flow, oil and gas development assessment, economic indicators, risk analysis and the analysis of the effects of taxation. Petroleum Economists advise company management on the economic viability and attractiveness of petroleum ventures and operations, as they have the knowledge and skills required to quantify all forms of uncertainties such as reservoir pattern, future oil and gas prices, development costs, host government take, assistance in the bonus payment determination, when the organization is bidding for oil and gas tracts or leases. Using profitability analysis, they prepare guidelines for the selection of the best alternative development options. They participate in oil and gas field development engineering design, field acquisition, methods of production that influence production rate, and ultimate recovery, including planned change in development. Also, they re-evaluate priorities in investment funds allocation by the company. Investment decision analysis methods discussed are PV, NCF, IRR, NPV, DROI,PI, SI, EMV, Decision Trees, Monte Carlo Simulations, amongst others. Three main Investor questions are addressed such as ''What is the cost of the proposed E&P venture?'' ''What are the absolute economic value and relative cost of the E & P venture?'' ''How profitable is the venture when compared to alternative available investment opportunities?''

Petroleum Exploration Economics and Risk Analysis

Petroleum Exploration Economics and Risk Analysis Book
Author : Anonim
Publisher : Unknown
Release : 1978
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Petroleum Exploration Economics and Risk Analysis book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Economic Modeling and Risk Analysis Handbook

Economic Modeling and Risk Analysis Handbook Book
Author : Daniel Johnston,University of Dundee. Centre for Energy, Petroleum and Mineral Law and Policy
Publisher : Unknown
Release : 2002
ISBN : 9781900297363
Language : En, Es, Fr & De

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Book Description :

Download Economic Modeling and Risk Analysis Handbook book written by Daniel Johnston,University of Dundee. Centre for Energy, Petroleum and Mineral Law and Policy, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Petroleum Economics and Offshore Mining Legislation

Petroleum Economics and Offshore Mining Legislation Book
Author : Anton Pedro Hendrik van Meurs,Meurs,P.H.Van
Publisher : Unknown
Release : 1971
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Petroleum Economics and Offshore Mining Legislation book written by Anton Pedro Hendrik van Meurs,Meurs,P.H.Van, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

The Acquisition Divestiture of Petroleum Property

The Acquisition   Divestiture of Petroleum Property Book
Author : Jim Haag
Publisher : Pennwell Corporation
Release : 2005
ISBN : 9781593700454
Language : En, Es, Fr & De

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Book Description :

Actions that will lead to success in acquiring or divesting oil and gas producing assets and the path to maximizing value and minimizing one's mistakes are presented in this volume. Necessary resources are noted emphasizing best practices in evaluations and negotiations.

Political Economic and Financial Country Risk

Political  Economic and Financial Country Risk Book
Author : Mohamed A. Ramady
Publisher : Springer Science & Business Media
Release : 2013-10-19
ISBN : 331902177X
Language : En, Es, Fr & De

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Book Description :

“Decades go by and nothing happens; then weeks go by and decades happen”. This apt saying encapsulates the dramatic convulsions taking place across the Arab world that first erupted in 2011 in Tunisia and which rapidly spread to other countries. These events have affected the lives of ordinary citizens in many more ways than had been intended when the ‘Arab Spring’ broke out, with the endgame still not very clear as demonstrated in countries like Egypt, Syria and Libya. By comparison, with some exceptions, the six countries comprising the Gulf Cooperation Council have been relatively unaffected by the general turbulence and uncertainties lapping around them. However, geopolitical shifts involving global superpower rivalries, combined with revolutionary breakthroughs in the non-conventional hydrocarbon energy sector are threatening to challenge the importance of the Arabian Gulf as the world’s leading suppliers of energy, putting their economies under fiscal stress. The author examines such challenges by: • Providing the first in-depth statistical analytical assessment of the GCC countries using monthly data over the period 2001 -2013 for the three risk categories- economic, financial and political risks- and their sub –components so as to enable policymakers enhance components with low risk , while addressing components with perceived higher risk, • Assessing FDI and capital inflows and outflows before and after the “Arab Spring” , and how to encourage FDI inflows, • Inter –Arab and GCC trade and synergies in power transmission , transportation links and establishing new hubs of centers of manufacturing excellence , • Exploring private sector-led growth models to reduce forecasted unemployment. Being complacent is not an option for the GCC. The aim of the book is that having a better understanding of each of the GCC countries’ individual risk parameters will enable the GCC meet future challenges and reduce the chances of a negative ‘Arab Spring’ occurring in the region. Mohamed Ramady is a Visiting Associate Professor at the Department of Finance and Economics, King Fahd University of Petroleum and Minerals. His main research interests are the economics of the Middle East and Saudi Arabia in particular, as well as money and banking He also held senior positions with international financial institutions in the Arabian Gulf and Europe.

Economics of Petroleum Production Profit and risk

Economics of Petroleum Production  Profit and risk Book
Author : Ian Lerche,Sheila Noeth
Publisher : multi-science publishing
Release : 2004
ISBN : 9780906522233
Language : En, Es, Fr & De

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Book Description :

Report :Original ISBN not available, alternate ISBN recorded Comments :ISBN 9780906522233 replaced with 9780906522240.

Inverse and Risking Methods in Hydrocarbon Exploration

Inverse and Risking Methods in Hydrocarbon Exploration Book
Author : Ian Lerche
Publisher : multi-science publishing
Release : 2005
ISBN : 9780906522325
Language : En, Es, Fr & De

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Book Description :

This book looks at how modern developments have enhanced the utility of basin analysis in hydrocarbon exploration. A major factor is modern computing power, which enables complex Monte Carlo-type calculations to be rapidly carried out; a second is the transfer of concepts from the economic arena to the theatre of hydrocarbon production, for example setting risking procedures to cope with data uncertainties. In addition now there are available powerful methods for handling the determination of parameters in the highly non-linear world of equations describing various facets of basin analysis. Th.

Hydrocarbon Exploration and Production

Hydrocarbon Exploration and Production Book
Author : Frank Jahn,Mark Cook,Mark Graham
Publisher : Elsevier Science Limited
Release : 2008
ISBN : 9780444532367
Language : En, Es, Fr & De

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Book Description :

Hydrocarbon Exploration and Production, Second Edition is a comprehensive and current introduction to the upstream industry, drawing together the many inter-disciplinary links within the industry. It presents all the major stages in the life of an oil or gas field, from gaining access to opportunity, through exploration, appraisal, development planning, production, and finally to decommissioning. It also explains the fiscal and commercial environment in which oil and gas field development takes place. The book is written for industry professionals who wish to be better informed about the basic technical and commercial methods, concepts and techniques used in the upstream oil and gas business. The authors are the founders of TRACS International, a company which has provided training and consultancy in Exploration and Production related issues for many clients world-wide since 1992. * Clearly written in a concise and straightforward manner * Features detailed technical illustrations to maximize learning * Presents major advances in the industry, including technical methods for field evaluation and development and techniques used for managing risk within the business * Developed from TRACS International course materials, discussions with clients, and material available in the public domain