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Complex RiskingNormal access

Author: O. Klarner
Event name: ProGREss'19
Session: O&G Exploration Projects Assessment / Оценка проектов ГРР
Publication date: 05 August 2019
DOI: 10.3997/2214-4609.201953078
Language: Russian
Info: Extended abstract, PDF ( 387.29Kb )
Price: € 20

Summary:
Complex risking can be conducted on project and on company level. On project level, the risk matrix, containing classifying parameters like NPV, IRR, exportability, specific costs, geological risks, and hydrocarbon volumes, combines different aspects of a project. Each parameter is being quantified and the assessment of the overall strategic and/or financial value of this project can be determined and compared with others. On company level, a similar matrix can be applied, but several projects are being valued in line with company related factors like deal structure, operatorship, commercial and political competitiveness. Materiality, values and risks of each project also play their role. On this level, the assessment of the overall strategic fit of a project is being looked at more from a management point of view, rather than from a technical one. As a result, strengths and weaknesses of each assessed project are clearly demonstrated, which provides a solid basis for decision making and budget allocation.


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