Petroleum Economics and Risk Analysis: A Practical Guide to E&P Investment Decision-Making

Petroleum Economics and Risk Analysis: A Practical Guide to E&P Investment Decision-Making, Volume 69, is a comprehensive guide to oil and gas project evaluation, covering economic analysis, risk assessment, and decision-making throughout the asset lifecycle.

Format: Paperback / softback
Length: 366 pages
Publication date: 29 January 2021
Publisher: Elsevier Science Publishing Co Inc

Petroleum Economics and Risk Analysis: A Practical Guide to E&P Investment Decision-Making, Volume 69, is a comprehensive and invaluable resource for professionals and stakeholders involved in the economic evaluation, risk assessment, and decision-making processes related to oil and gas projects throughout their entire asset lifecycle, spanning from exploration to late-life opportunities. This authoritative book aims to empower readers with a deep understanding of petroleum investment, portfolio analysis, discounting, profitability indicators, decision tree analysis, reserves accounting, exploration and production (E&P) project evaluation, and E&P asset evaluation.

In the first chapter, the authors provide an introduction to petroleum economics, covering key concepts such as supply and demand dynamics, market pricing, and investment opportunities. They discuss the factors that influence oil and gas prices, including geopolitical events, economic indicators, and supply-side constraints. The chapter also highlights the importance of risk analysis in the petroleum industry, emphasizing the need to identify and mitigate potential risks that may impact project profitability and sustainability.

Chapter 2 delves into the economic evaluation of oil and gas projects, covering topics such as cash flow analysis, discounted cash flow (DCF) valuation, and risk-adjusted returns. The authors explain how to calculate and interpret these metrics, as well as how to incorporate risk factors into the evaluation process. They also discuss the use of economic models and sensitivity analysis to assess the impact of changes in assumptions and variables on project outcomes.

Chapter 3 explores the risk assessment of oil and gas projects, covering topics such as geological risk, operational risk, and market risk. The authors discuss the methods and tools used to identify and evaluate these risks, including geological modeling, risk analysis software, and scenario planning. They also provide examples of real-world case studies and lessons learned from past oil and gas projects.

Chapter 4 focuses on decision analysis in petroleum investment, covering topics such as decision trees, risk-benefit analysis, and optimization. The authors explain how to construct decision trees and evaluate the potential outcomes of different decisions using probability analysis. They also discuss the use of risk-benefit analysis to prioritize projects and allocate resources effectively.

Chapter 5 discusses reserves accounting and reporting, covering topics such as reserve estimation, reserves classification, and reserves reconciliation. The authors explain the principles and practices of reserves accounting, as well as the requirements and standards set by regulatory bodies. They also provide guidance on how to conduct reserves audits and ensure compliance with industry standards.

Chapter 6 explores the exploration and production (E&P) project evaluation, covering topics such as wellbore placement, drilling and completion strategies, and production optimization. The authors discuss the factors.

In conclusion, Petroleum Economics and Risk Analysis: A Practical Guide to E&P Investment Decision-Making, Volume 69, is a comprehensive and indispensable resource for professionals and stakeholders seeking to navigate the complex world of oil and gas investment. By providing a thorough understanding of petroleum economics, risk assessment, and decision-making processes, this book empowers readers to make informed and strategic decisions that will contribute to the success and sustainability of the petroleum industry. Whether you are a seasoned industry professional or a newcomer to the field, this book is a must-read for anyone seeking to advance their knowledge and expertise in petroleum investment.

Weight: 596g
Dimension: 227 x 152 x 20 (mm)
ISBN-13: 9780128211908