Improvement of economic evaluation of investment projects in oil and gas industry
Authors:
About authors
- I.M. Gubkin Russian State University of Oil and Gas
Abstract
Development of oil-and-gas fields is currently connected with large-scale capital costs. This reduces economic efficiency of oil-and-gas resource exploitation. The paper presents ways to enhance economic appraisal of investment projects. It is offered to assess the efficiency of field development on the basis of revenue received from marketing of hydrocarbon products, and also to define commercial oil prices with the view of specific output of petroleum derivative and their prices.