Stochastic methods for evaluating the effectiveness of Arctic shelf field development strategy

Authors: M.A. Kuznetsov, K.K. Sevastyanova, S.A. Nekhaev (RN-SakhalinNIPImorneft LLC )
A method for evaluating the effectiveness of field development strategy in conditions of risk and uncertainty is briefly describes. Volumes of recoverable reserves and the economic market conditions are considered as key sources of uncertainty. The proposed approach allows obtaining integral criterion of the investment project efficiency, taking into account possible flexibilities in the development strategy upon receipt of new information.
A method for evaluating the effectiveness of field development strategy in conditions of risk and uncertainty is briefly describes. Volumes of recoverable reserves and the economic market conditions are considered as key sources of uncertainty. The proposed approach allows obtaining integral criterion of the investment project efficiency, taking into account possible flexibilities in the development strategy upon receipt of new information.


Attention!
To buy the complete text of article (a format - PDF) or to read the material which is in open access only the authorized visitors of the website can. .

Mobile applications

Read our magazine on mobile devices

Загрузить в Google play

Press Releases

11.10.2021
07.10.2021
29.09.2021
Конкурс на соискание молодежной премии имени академика И.М. Губкина