Development of an economical approach for investment optimization in heavy oil industry

J. Chacón Solar

Результат исследования: Публикации в книгах, отчётах, сборниках, трудах конференцийстатья в сборнике материалов конференциинаучнаярецензирование

Аннотация

The aim of this investigation is to propose an economical approach to take the most optimal investment decision in heavy oil fields, taking into account key variables such as exchange rate, oil benchmarks spread, technology, discount rate, capital and operating costs, taxes and environmental expenses. The method for this research is based on economical, mathematical and statistical methodologies, as well as sensitivity analyzes. As any investment analysis consists in forecasting costs and revenues within an intertemporal framework, this document’s subject assess to develop an empirical methodology which could develop a better system for increasing companies’ revenues when producing heavy oil restricted to the product and market conditions. Analysis showed that exchange rate and oil benchmarks fluctuations are not a considerable threat for the model, due to the fact that there is low volatility in the spread among WTI and Brent oil benchmarks, as well as Canadian and US Dollars. On the other hand, increases in technology ratios applied to production highly affect total income and revenues, meaning that the future of economic investments in non-conventional oil is highly related to technological advances.

Язык оригиналаанглийский
Название основной публикацииYouth Technical Sessions Proceedings- Proceedings of the 6th Youth Forum of the World Petroleum Council- Future Leaders Forum, 2019
РедакторыVladimir Litvinenko
ИздательCRC Press/Balkema
Глава19
Страницы211-217
Число страниц7
ISBN (печатное издание)9780367346683
DOI
СостояниеОпубликовано - 2019
Событие6th Youth Forum of the World Petroleum Council- Future Leaders Forum, 2019 - St. Petersburg, Российская Федерация
Продолжительность: 23 июн. 201928 июн. 2019

Серия публикаций

НазваниеYouth Technical Sessions Proceedings- Proceedings of the 6th Youth Forum of the World Petroleum Council- Future Leaders Forum, 2019

Конференция

Конференция6th Youth Forum of the World Petroleum Council- Future Leaders Forum, 2019
Страна/TерриторияРоссийская Федерация
ГородSt. Petersburg
Период23.06.201928.06.2019

Предметные области OECD FOS+WOS

  • 2.07 ЭНЕРГЕТИКА И РАЦИОНАЛЬНОЕ ПРИРОДОПОЛЬЗОВАНИЕ

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