| Issue |
E3S Web Conf.
Volume 140, 2019
International Scientific Conference on Energy, Environmental and Construction Engineering (EECE-2019)
|
|
|---|---|---|
| Article Number | 03004 | |
| Number of page(s) | 7 | |
| Section | Economics in Energy Sector | |
| DOI | https://doi.org/10.1051/e3sconf/201914003004 | |
| Published online | 18 December 2019 | |
Conceptual approaches for building a balanced portfolio of projects in oil and gas companies in exploration and production sector
Saint-Petersburg Mining University, Vasilievsky Island, str. 21 line, 2, St. Petersburg, 199106, Russia
* Corresponding author: 79117485652@ya.ru
Uncertainties such as price volatility, supply and demand, global warming, technological progress, geopolitical situation, force the capital-intensive oil and gas sector to create a flexible portfolio of projects to proactively respond to changes. In an increasingly complex and uncertain environment, oil and gas companies around the world face continued pressure. It has become difficult to make strategic decisions and build long-term plans, so it has become vital to have a balanced portfolio. We suggest that in order to achieve the goals and maximize profitability, companies need to develop indicators for balanced portfolio, which will allow to evaluate the portfolio and rank the current and potential projects in order to create flexibility with minimal risk. In the article, we analysed modern approaches and benchmarked companies` tools for portfolio management, current situation in industry, identified risks and indicators for evaluation. We received the tool for quantitative evaluation for portfolio.
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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