Features of oil and gas valuation a method оf real options
Authors:
About authors
- Branch LLC «Gazprom VNIIGaz»
Abstract
Now a valuation of hydrocarbons in Russia is made by the income approach. The Discounted Cash Flow model (DCF) assumes that all initial indicators are strictly determined. Then there are many problems connected with high degree of uncertainty in estimations of stocks and high variability of the prices in the world markets of hydrocarbons. The problem can be decided if to use a method of real options. Then the above-stated sources of uncertainty are considered not from an item of occurrence of problems with accuracy of cost estimates, and as a principal cause on which the real option has value.
Область исследования:
(Archived) Problems of sustainable development of mineral raw material complex
Funding:
None
Similar articles
Economic efficiency assessment of gas potential of hydro-carbon mining centers in Eastern Siberia
2011 D. M. Metkin
The cadastre of secondary mineral resources аs toolkit of their system estimation
2011 P. V. Berezovskii
Research of the influence of macroeconomic factors on efficiency of activity of the coal companies for realization fundamental positions of the energy development strategy of the Russian Federation
2011 O. V. Shulgina
Valuation of mineral assets of a mining company оn the basis of the option approach
2011 T. V. Ponomarenko, I. B. Sergeev