SlideShare uma empresa Scribd logo
1 de 15
Petroleum Project Economics  Econ210D Presentation 6 Sensitivity Analysis for Changing Variables Week 6
Changing Variables ,[object Object],[object Object],[object Object],Sensitivity Analysis for Changing Variables Week 6
Sensitivity Analysis for Changing Variables ,[object Object],[object Object],[object Object],Sensitivity Analysis for Changing Variables Week 6
Petroleum Project Parameters Sensitivity analysis examines the effect of changes in any one of these parameters on the economic evaluation of a project.  Sensitivity Analysis for Changing Variables Week 6 Parameter Field Estimate Recoverable Reserves 160 mbo Field Life 20 years Oil Price   $60 Total CAPEX   $500m OPEX per bbl $5 
Independent and Control Variables ,[object Object],[object Object],Sensitivity Analysis for Changing Variables Week 6
Independent and Control Variables In this sensitivity analysis, oil price is the independent variable and all other parameters are control variables. Sensitivity Analysis for Changing Variables Week 6 Parameter Field Estimate Sensitivity Analysis Recoverable Reserves 160 mbo Control Field Life 20 years Control Oil Price   $60 Independent Total CAPEX   $500m Control OPEX per bbl $5  Control
Sensitivity Analysis of Oil Price Sensitivity Analysis for Changing Variables Week 6 Oil Price  NPV  $B $50  $2.1  $60  $2.9  $70  $3.7
Spider Plots ,[object Object],[object Object],[object Object],Sensitivity Analysis for Changing Variables Week 6
Spider Plots Sensitivity Analysis for Changing Variables Week 6 Change in Independent Variable NPV due to change in Independent Variables Price OPEX CAPEX Reserves Field Life Tax -50% 0.0 -2.9 5.8 5.8 8.7 1.5 -25% 1.5 0.0 4.4 4.4 5.8 2.2 0% 2.9 2.9 2.9 2.9 2.9 2.9 25% 4.4 5.8 1.5 1.5 0.0 3.6 50% 5.8 8.7 0.0 0.0 -2.9 4.4
Sensitivity Analysis for Changing Variables Week 6
Sensitivity Analysis for Changing Variables Week 6
Other Independent Variables ,[object Object],[object Object],[object Object],[object Object],Sensitivity Analysis for Changing Variables Week 6
Sensitivity Analysis for Changing Variables Week 6
Home Work ,[object Object],[object Object]
Independent  Variable Price OPEX CAPEX Percentage  Change -50% -2.9 5.8 50% 0 4.4

Mais conteúdo relacionado

Mais procurados

Fiscal System for oil
Fiscal System for oilFiscal System for oil
Fiscal System for oilAnupam Basu
 
Q921 rfp lec4
Q921 rfp lec4Q921 rfp lec4
Q921 rfp lec4AFATous
 
Net Present Value Vs Profitability Index
Net Present Value Vs Profitability IndexNet Present Value Vs Profitability Index
Net Present Value Vs Profitability IndexAseem R
 
Coning problems and remedies
Coning problems and remediesConing problems and remedies
Coning problems and remediesIrfan Jadoon
 
Enhanced Oil Recovery EOR using flooding polymer ( Polyacrylamide )
Enhanced Oil Recovery EOR using flooding polymer ( Polyacrylamide )Enhanced Oil Recovery EOR using flooding polymer ( Polyacrylamide )
Enhanced Oil Recovery EOR using flooding polymer ( Polyacrylamide )Al Mo'taz Bellah
 
EOR (feasibility to execution)
EOR (feasibility to execution)EOR (feasibility to execution)
EOR (feasibility to execution)Andi Anriansyah
 
ANALISIS DE PRUEBAS DE PRESIONES .ppt
ANALISIS DE PRUEBAS DE PRESIONES .pptANALISIS DE PRUEBAS DE PRESIONES .ppt
ANALISIS DE PRUEBAS DE PRESIONES .pptssuserc292de
 
What is the different between the net pay and resrvoir thickness
What is the different between the net pay and resrvoir thicknessWhat is the different between the net pay and resrvoir thickness
What is the different between the net pay and resrvoir thicknessStudent
 
Alkaline flooding
Alkaline floodingAlkaline flooding
Alkaline floodingshinaskm
 
Integrated Oil Field Development Plan - FDP. Criteria, strategy and process f...
Integrated Oil Field Development Plan - FDP. Criteria, strategy and process f...Integrated Oil Field Development Plan - FDP. Criteria, strategy and process f...
Integrated Oil Field Development Plan - FDP. Criteria, strategy and process f...Giuseppe Moricca
 
Advanced Petroleum Economics & Risk Analysis
Advanced Petroleum Economics & Risk AnalysisAdvanced Petroleum Economics & Risk Analysis
Advanced Petroleum Economics & Risk AnalysispetroEDGE
 
New Approach to Design Capillary Pressure Curves, which Would Improve Simulat...
New Approach to Design Capillary Pressure Curves, which Would Improve Simulat...New Approach to Design Capillary Pressure Curves, which Would Improve Simulat...
New Approach to Design Capillary Pressure Curves, which Would Improve Simulat...Faisal Al-Jenaibi
 
Pulsed neutron carbon oxygen logging
Pulsed neutron carbon oxygen loggingPulsed neutron carbon oxygen logging
Pulsed neutron carbon oxygen loggingAbdul Basith C
 

Mais procurados (20)

Fiscal System for oil
Fiscal System for oilFiscal System for oil
Fiscal System for oil
 
Enhance oil recovery review
Enhance oil recovery reviewEnhance oil recovery review
Enhance oil recovery review
 
Intern Report
Intern ReportIntern Report
Intern Report
 
Reservoir simulation study
Reservoir simulation study Reservoir simulation study
Reservoir simulation study
 
Q921 rfp lec4
Q921 rfp lec4Q921 rfp lec4
Q921 rfp lec4
 
Net Present Value Vs Profitability Index
Net Present Value Vs Profitability IndexNet Present Value Vs Profitability Index
Net Present Value Vs Profitability Index
 
Introduction to project economics in oil and gas upstream industry
Introduction to project economics in oil and gas upstream industryIntroduction to project economics in oil and gas upstream industry
Introduction to project economics in oil and gas upstream industry
 
Coning problems and remedies
Coning problems and remediesConing problems and remedies
Coning problems and remedies
 
Enhanced Oil Recovery EOR using flooding polymer ( Polyacrylamide )
Enhanced Oil Recovery EOR using flooding polymer ( Polyacrylamide )Enhanced Oil Recovery EOR using flooding polymer ( Polyacrylamide )
Enhanced Oil Recovery EOR using flooding polymer ( Polyacrylamide )
 
EOR (feasibility to execution)
EOR (feasibility to execution)EOR (feasibility to execution)
EOR (feasibility to execution)
 
ANALISIS DE PRUEBAS DE PRESIONES .ppt
ANALISIS DE PRUEBAS DE PRESIONES .pptANALISIS DE PRUEBAS DE PRESIONES .ppt
ANALISIS DE PRUEBAS DE PRESIONES .ppt
 
What is the different between the net pay and resrvoir thickness
What is the different between the net pay and resrvoir thicknessWhat is the different between the net pay and resrvoir thickness
What is the different between the net pay and resrvoir thickness
 
Alkaline flooding
Alkaline floodingAlkaline flooding
Alkaline flooding
 
Integrated Oil Field Development Plan - FDP. Criteria, strategy and process f...
Integrated Oil Field Development Plan - FDP. Criteria, strategy and process f...Integrated Oil Field Development Plan - FDP. Criteria, strategy and process f...
Integrated Oil Field Development Plan - FDP. Criteria, strategy and process f...
 
Advanced Petroleum Economics & Risk Analysis
Advanced Petroleum Economics & Risk AnalysisAdvanced Petroleum Economics & Risk Analysis
Advanced Petroleum Economics & Risk Analysis
 
Final Report 4_22_15
Final Report 4_22_15Final Report 4_22_15
Final Report 4_22_15
 
New Approach to Design Capillary Pressure Curves, which Would Improve Simulat...
New Approach to Design Capillary Pressure Curves, which Would Improve Simulat...New Approach to Design Capillary Pressure Curves, which Would Improve Simulat...
New Approach to Design Capillary Pressure Curves, which Would Improve Simulat...
 
Presentation 2
Presentation 2Presentation 2
Presentation 2
 
PETROLEUM ENGINEER
PETROLEUM ENGINEERPETROLEUM ENGINEER
PETROLEUM ENGINEER
 
Pulsed neutron carbon oxygen logging
Pulsed neutron carbon oxygen loggingPulsed neutron carbon oxygen logging
Pulsed neutron carbon oxygen logging
 

Destaque

Pakistan Oil & Gas - Valuations are Heavily Discounted, (AKD Bluetop Sep 02, ...
Pakistan Oil & Gas - Valuations are Heavily Discounted, (AKD Bluetop Sep 02, ...Pakistan Oil & Gas - Valuations are Heavily Discounted, (AKD Bluetop Sep 02, ...
Pakistan Oil & Gas - Valuations are Heavily Discounted, (AKD Bluetop Sep 02, ...Asad Siddiqui
 
Overview of feasibility
Overview of feasibilityOverview of feasibility
Overview of feasibilityDaniel Bragais
 
Capital structure & the cost of equity capital
Capital structure & the cost of equity capitalCapital structure & the cost of equity capital
Capital structure & the cost of equity capitalMuhammad Saleem Ahmed Soomro
 
REAL OPTIONS ANALYSIS OF MARGINAL OILFIELD DEVELOPMENT PROJECTS: THE CASE OF ...
REAL OPTIONS ANALYSIS OF MARGINAL OILFIELD DEVELOPMENT PROJECTS: THE CASE OF ...REAL OPTIONS ANALYSIS OF MARGINAL OILFIELD DEVELOPMENT PROJECTS: THE CASE OF ...
REAL OPTIONS ANALYSIS OF MARGINAL OILFIELD DEVELOPMENT PROJECTS: THE CASE OF ...Theo Acheampong
 
Geopolitics in oil and gas market
Geopolitics in oil and gas marketGeopolitics in oil and gas market
Geopolitics in oil and gas marketAdjei Sephen
 
How is ISO 45001 Related to 9001?
How is ISO 45001 Related to 9001?How is ISO 45001 Related to 9001?
How is ISO 45001 Related to 9001?PECB
 
What Is Gross Profit And How To Calculate A Good Percentage
What Is Gross Profit And How To Calculate A Good PercentageWhat Is Gross Profit And How To Calculate A Good Percentage
What Is Gross Profit And How To Calculate A Good Percentagebachefuk
 
Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit...
Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit...Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit...
Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit...Dan John
 
PETROLEUM RISK ANALYSIS & PORTFOLIO MANAGEMENT
PETROLEUM RISK ANALYSIS & PORTFOLIO MANAGEMENT PETROLEUM RISK ANALYSIS & PORTFOLIO MANAGEMENT
PETROLEUM RISK ANALYSIS & PORTFOLIO MANAGEMENT petroEDGE
 
Petronas procedures and guidelines for planning and budgeting
Petronas procedures and guidelines for planning and budgetingPetronas procedures and guidelines for planning and budgeting
Petronas procedures and guidelines for planning and budgetingEaswaran Kanason
 

Destaque (20)

Pakistan Oil & Gas - Valuations are Heavily Discounted, (AKD Bluetop Sep 02, ...
Pakistan Oil & Gas - Valuations are Heavily Discounted, (AKD Bluetop Sep 02, ...Pakistan Oil & Gas - Valuations are Heavily Discounted, (AKD Bluetop Sep 02, ...
Pakistan Oil & Gas - Valuations are Heavily Discounted, (AKD Bluetop Sep 02, ...
 
Oil and gas tax review
Oil and gas tax reviewOil and gas tax review
Oil and gas tax review
 
OECD's Economic Projections launch 6 May 2014
OECD's Economic Projections launch 6 May 2014OECD's Economic Projections launch 6 May 2014
OECD's Economic Projections launch 6 May 2014
 
Overview of feasibility
Overview of feasibilityOverview of feasibility
Overview of feasibility
 
THE COST OF CAPITAL
THE COST OF CAPITALTHE COST OF CAPITAL
THE COST OF CAPITAL
 
Presentation 1
Presentation 1Presentation 1
Presentation 1
 
Capital structure & the cost of equity capital
Capital structure & the cost of equity capitalCapital structure & the cost of equity capital
Capital structure & the cost of equity capital
 
Tax system in indonesia
Tax system in indonesiaTax system in indonesia
Tax system in indonesia
 
REAL OPTIONS ANALYSIS OF MARGINAL OILFIELD DEVELOPMENT PROJECTS: THE CASE OF ...
REAL OPTIONS ANALYSIS OF MARGINAL OILFIELD DEVELOPMENT PROJECTS: THE CASE OF ...REAL OPTIONS ANALYSIS OF MARGINAL OILFIELD DEVELOPMENT PROJECTS: THE CASE OF ...
REAL OPTIONS ANALYSIS OF MARGINAL OILFIELD DEVELOPMENT PROJECTS: THE CASE OF ...
 
Presentation 4
Presentation 4Presentation 4
Presentation 4
 
TRA presentation
TRA presentationTRA presentation
TRA presentation
 
Presentation 8
Presentation 8Presentation 8
Presentation 8
 
Calculating Net Present Value (NPV)
Calculating Net Present Value (NPV)Calculating Net Present Value (NPV)
Calculating Net Present Value (NPV)
 
Geopolitics in oil and gas market
Geopolitics in oil and gas marketGeopolitics in oil and gas market
Geopolitics in oil and gas market
 
How is ISO 45001 Related to 9001?
How is ISO 45001 Related to 9001?How is ISO 45001 Related to 9001?
How is ISO 45001 Related to 9001?
 
What Is Gross Profit And How To Calculate A Good Percentage
What Is Gross Profit And How To Calculate A Good PercentageWhat Is Gross Profit And How To Calculate A Good Percentage
What Is Gross Profit And How To Calculate A Good Percentage
 
Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit...
Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit...Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit...
Solved Accounting Ratios with Balance Sheet(vertical) and Statement of Profit...
 
PETROLEUM RISK ANALYSIS & PORTFOLIO MANAGEMENT
PETROLEUM RISK ANALYSIS & PORTFOLIO MANAGEMENT PETROLEUM RISK ANALYSIS & PORTFOLIO MANAGEMENT
PETROLEUM RISK ANALYSIS & PORTFOLIO MANAGEMENT
 
080613 Mega-Project Schedule Integration & Management RCF Method-1
080613 Mega-Project Schedule Integration & Management RCF Method-1 080613 Mega-Project Schedule Integration & Management RCF Method-1
080613 Mega-Project Schedule Integration & Management RCF Method-1
 
Petronas procedures and guidelines for planning and budgeting
Petronas procedures and guidelines for planning and budgetingPetronas procedures and guidelines for planning and budgeting
Petronas procedures and guidelines for planning and budgeting
 

Mais de CAPE ECONOMICS (20)

Cape economics classes
Cape economics classesCape economics classes
Cape economics classes
 
June 2010 unit 1 paper 2 answer
June 2010 unit 1 paper 2 answerJune 2010 unit 1 paper 2 answer
June 2010 unit 1 paper 2 answer
 
June 2009 unit 2 paper 2 answer
June 2009 unit 2 paper 2 answerJune 2009 unit 2 paper 2 answer
June 2009 unit 2 paper 2 answer
 
June 2010 unit 2 paper 2 answer
June 2010 unit 2 paper 2 answerJune 2010 unit 2 paper 2 answer
June 2010 unit 2 paper 2 answer
 
June 2009 unit 1 paper 2 answer
June 2009 unit 1 paper 2 answerJune 2009 unit 1 paper 2 answer
June 2009 unit 1 paper 2 answer
 
Cape economics classes at Upper Level Chaguanas
Cape economics classes at Upper Level ChaguanasCape economics classes at Upper Level Chaguanas
Cape economics classes at Upper Level Chaguanas
 
Topic 11
Topic 11Topic 11
Topic 11
 
Topic 12
Topic 12Topic 12
Topic 12
 
Topic 10
Topic 10Topic 10
Topic 10
 
Topic 9
Topic 9Topic 9
Topic 9
 
Topic 8
Topic 8Topic 8
Topic 8
 
Topic 7
Topic 7Topic 7
Topic 7
 
Topic 5
Topic 5Topic 5
Topic 5
 
Topic 4
Topic 4Topic 4
Topic 4
 
Topic 2
Topic 2Topic 2
Topic 2
 
Topic 1
Topic 1Topic 1
Topic 1
 
CAPE ECONOMICS SATURDAY CLASSES AT UPPER LEVEL
CAPE ECONOMICS SATURDAY CLASSES AT UPPER LEVELCAPE ECONOMICS SATURDAY CLASSES AT UPPER LEVEL
CAPE ECONOMICS SATURDAY CLASSES AT UPPER LEVEL
 
Cape economics classes
Cape economics classesCape economics classes
Cape economics classes
 
Econometric modelling
Econometric modellingEconometric modelling
Econometric modelling
 
Econometrics study
Econometrics studyEconometrics study
Econometrics study
 

Presentation 6

  • 1. Petroleum Project Economics Econ210D Presentation 6 Sensitivity Analysis for Changing Variables Week 6
  • 2.
  • 3.
  • 4. Petroleum Project Parameters Sensitivity analysis examines the effect of changes in any one of these parameters on the economic evaluation of a project. Sensitivity Analysis for Changing Variables Week 6 Parameter Field Estimate Recoverable Reserves 160 mbo Field Life 20 years Oil Price   $60 Total CAPEX   $500m OPEX per bbl $5 
  • 5.
  • 6. Independent and Control Variables In this sensitivity analysis, oil price is the independent variable and all other parameters are control variables. Sensitivity Analysis for Changing Variables Week 6 Parameter Field Estimate Sensitivity Analysis Recoverable Reserves 160 mbo Control Field Life 20 years Control Oil Price   $60 Independent Total CAPEX   $500m Control OPEX per bbl $5  Control
  • 7. Sensitivity Analysis of Oil Price Sensitivity Analysis for Changing Variables Week 6 Oil Price NPV $B $50 $2.1 $60 $2.9 $70 $3.7
  • 8.
  • 9. Spider Plots Sensitivity Analysis for Changing Variables Week 6 Change in Independent Variable NPV due to change in Independent Variables Price OPEX CAPEX Reserves Field Life Tax -50% 0.0 -2.9 5.8 5.8 8.7 1.5 -25% 1.5 0.0 4.4 4.4 5.8 2.2 0% 2.9 2.9 2.9 2.9 2.9 2.9 25% 4.4 5.8 1.5 1.5 0.0 3.6 50% 5.8 8.7 0.0 0.0 -2.9 4.4
  • 10. Sensitivity Analysis for Changing Variables Week 6
  • 11. Sensitivity Analysis for Changing Variables Week 6
  • 12.
  • 13. Sensitivity Analysis for Changing Variables Week 6
  • 14.
  • 15. Independent Variable Price OPEX CAPEX Percentage Change -50% -2.9 5.8 50% 0 4.4