contributor author | E. M. Bitner-Gregersen | |
contributor author | J. Lereim | |
contributor author | I. Monnier | |
contributor author | R. Skjong | |
date accessioned | 2017-05-08T23:39:16Z | |
date available | 2017-05-08T23:39:16Z | |
date copyright | August, 1992 | |
date issued | 1992 | |
identifier issn | 0892-7219 | |
identifier other | JMOEEX-28083#165_1.pdf | |
identifier uri | http://yetl.yabesh.ir/yetl/handle/yetl/110693 | |
description abstract | A quantitative analysis of economic risk associated with large investments in offshore oil and gas field development and production is presented. The analysis is intended as a supporting tool in decision-making faced with uncertainty and risk, to study the effect of alternative decisions in an easy manner. The descriptors for the project assessment, such as the Internal Rate of Return (IRR) and Net Present Value (NPV) are applied. The study demonstrates first the impacts of early pilot production (EPP) prior to a main oil field development on the field economy of an oil field development and production installation. Furthermore, the result of cases which reflect relevant situations connected with cost overruns are presented, as well as derivation of rational decision criteria for termination/continuation of a project subjected to cost overruns. Finally, an oil field development project scheduling is demonstrated. | |
publisher | The American Society of Mechanical Engineers (ASME) | |
title | Economic Risk Analysis of Offshore Projects | |
type | Journal Paper | |
journal volume | 114 | |
journal issue | 3 | |
journal title | Journal of Offshore Mechanics and Arctic Engineering | |
identifier doi | 10.1115/1.2919968 | |
journal fristpage | 165 | |
journal lastpage | 174 | |
identifier eissn | 1528-896X | |
keywords | Ocean engineering | |
keywords | Risk analysis | |
keywords | Oil fields | |
keywords | Uncertainty | |
keywords | Natural gas fields | |
keywords | Decision making AND Economics | |
tree | Journal of Offshore Mechanics and Arctic Engineering:;1992:;volume( 114 ):;issue: 003 | |
contenttype | Fulltext | |