The study on portfolio optimization methods for overseas petroleum development projects
Title
The study on portfolio optimization methods for overseas petroleum development projects
Subject
Petroleum industry
Gasoline
Planning
Petroleum prospecting
Multiobjective optimization
Oil field development
Investments
Financial data processing
Description
Based on the research of other major foreign petroleum companies management process and evaluating the characteristics of operation for overseas petroleum projects, the portfolio optimization workflow for overseas petroleum investment was established
The multi-objective optimization model considering multiple objectives and constraints such as production, investment capital, IRR, project risk, and NPV was established. Four optimized portfolio cases were separately analyzed. By proposing the strategies of postponing some projects to build capacity, selling the part of working interests or quitting whole projects, and purchasing some new projects, the requirements of multi-objective planning were ultimately satisfied. The results and suggestions can provide a theoretical basis for the decision choices of overseas petroleum investment. Springer Nature Singapore Pte Ltd 2020.
669-684
Publisher
8th International Field Exploration and Development Conference, IFEDC 2018, September 18, 2018 - September 20, 2018
Date
2020
Contributor
Jiang, Wei-na
Wei, Liang
Liu, Qian
Chen, Xi
Wang, Zuo-qian
Type
conferencePaper
Identifier
18668755
10.1007/978-981-13-7127-1_62
Collection
Citation
“The study on portfolio optimization methods for overseas petroleum development projects,” Lamar University Midstream Center Research, accessed May 18, 2024, https://lumc.omeka.net/items/show/23866.