Author: John N. Ehrman
Publisher: Dorrance Publishing
ISBN: 1480983772
Category : Reference
Languages : en
Pages : 120
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Book Description
Economic Evaluation of Hydrocarbon Ventures By: John N. Ehrman The oil and gas industry is fraught with risk. Although Economic Evaluation of Hydrocarbon Ventures sets forth various methods to evaluate oil and gas opportunities, nothing can eliminate the risk involved in participation in such ventures. Accordingly, unless one can assume the risk of loss of the entire investment, put this book down and do something else!
Author: Field Roebuck
Publisher: Institutes for Energy Development
ISBN:
Category : Petroleum engineering
Languages : en
Pages : 216
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Book Description
Author: Ian Lerche
Publisher: Elsevier
ISBN: 0080505007
Category : Science
Languages : en
Pages : 421
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Book Description
Economic Risk in Hydrocarbon Exploration provides a total framework for assessing the uncertainties associated with exploration risk from beginning to end. Numerous examples with accompanying microcomputer algorithms illustrate how to quantitatively approach economic risk. The text compares detailed assumptions and models of economic risk, and presents numerical examples throughout to facilitate hands-on calculations using popular spread-sheet packages on personal computers. - Covers economic risk from exploration through production models - Brings methods to a level where all can be done on a PC - Analyzes numerical examples from the real world - Removes "mystery" from how economics is done - Addresses assumptions in models and shows how they influence projections
Author:
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 250
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Book Description
Author: Methadius Ofili
Publisher:
ISBN:
Category :
Languages : en
Pages : 239
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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?''
Author: John N. Ehrman
Author: Eli Sani
Author: I. Field Roebuck
Author: Adolfo Antonio Rosales
Author: 
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