检索结果-南通市图书馆

production sharing contract: An analysis based on an oil price stochastic process

Petroleum Science 2012年第3期9卷 408-415页

作者： Liu Mingming Wang Zhen Zhao Lin Pan Yanni Xiao Fei School of Business Administration China University of PetroleumBeijing 102249 China China National Oil&Gas Exploration and Development Corporation Beijing 100083China

Assuming that oil price follows the stochastic processes of Geometric Brownian Motion （GBM） or the Mean-Reverting Process （MRP）, this paper takes the net present value （NPV） as an economic index and models the PSC in 11 different scenarios by changing the value of each contract element （i.e. royalty, cost oil, profit oil as well as income tax）. Then the NPVs are shown in probability density graphs to investigate the effect of different elements on contract economics. The results show that under oil price uncertainty the influence of profit oil and income tax on NPV are more significant than those of royalty and cost oil, while a tax holiday could improve the contractor＇s financial status remarkably. Results also show that MRP is more appropriate for cases with low future oil price volatility, and GBM is best for high future oil price volatility.

关键词： production sharing Geometric Brownian motion Mean-Reverting Process oil contract international petroleum cooperation

来源：

维普期刊数据库

同方期刊数据库评论

在线全文

学校读者我要写书评

暂无评论

Comparative risk evaluation and sensitivity analysis of the Libyan EPSA IV and its modified model LEPSA I

引用

Petroleum 2020年第2期6卷 206-213页

作者： Saad A.Balhasan Brian F.Towler Khaled O.AlHadramy Biltayib M.Biltayib American University of Ras Al Khaimah Ras Al KhaimahUnited Arab Emirates The University of Queensland QueenslandAustralia Australian College of Kuwait Kuwait

This paper extends the analysis of the fourth model of Exploration and production sharing Agreement(EPSA IV)and our proposed modification of the Libyan Exploration and production sharing Agreement(LEPSA I)to field *** paper focuses on risk evaluation and analyzing the sensitivity of the fiscal terms of EPSA IV model(cost recovery,A factors,and B factors)and the fiscal terms of LEPSA I model(initial production share,the geologic probability of success,and the oil reference price)on the profitability indicators of Net Present Value(NPV)and Internal Rate of Return(IRR).The deterministic analysis method and stochastic analysis method using the Monte Carlo Simulation have been used in this *** two methods were used to show the probability distribution of the NPV and IRR on the basis of the random variables of fiscal terms in the two models of EPSA IV and LEPSA I,*** simulation output of the development field scenario of enhanced oil recovery using CO2 injection showed that the cost recovery is a very sensitive term on the NPV and IRR in the EPSA IV ***,the A and B factors in the EPSA IV model have different sensitivities on the NPV and *** B factor 3 and B factor 1 are more sensitive on the NPV and IRR than are other *** B factor 4 and A factor 4 have shown less effect on the NPV and IRR than the other ***,the simulation output showed that the initial share and reference price are more sensitive to the NPV and IRR than the probability of success on the basis of the LEPSA I model.

关键词： production sharing Agreement Risk assessment

来源：

维普期刊数据库

同方期刊数据库评论

在线全文

学校读者我要写书评

暂无评论

欢迎您,

建议与咨询留下您的常用邮箱和电话号码，以便我们向您反馈解决方案和替代方法

时间限定

文献类型

馆藏选择

核心期刊

语言

文献类型

帮助

文字说明：

检索规则说明：

检索范例：

分类表

所选分类

限定检索结果

文献类型

馆藏范围

日期分布

学科分类号

主题

机构

作者

语言

在线全文

在线全文

请选择保存的检索档案：

请选择收藏分类：

通借通还

欢迎您,

建议与咨询 留下您的常用邮箱和电话号码，以便我们向您反馈解决方案和替代方法

时间限定

文献类型

馆藏选择

核心期刊

语言

文献类型

帮助

文字说明：

检索规则说明：

检索范例：

分类表

所选分类

限定检索结果

文献类型

馆藏范围

日期分布

学科分类号

主题

机构

作者

语言

在线全文

在线全文

请选择保存的检索档案： 新增检索档案 确定 取消

请选择收藏分类： 新增自定义分类 确定 取消

通借通还

建议与咨询留下您的常用邮箱和电话号码，以便我们向您反馈解决方案和替代方法

请选择保存的检索档案：

请选择收藏分类：