| Issue |
E3S Web Conf.
Volume 478, 2024
6th International Conference on Green Energy and Sustainable Development (GESD 2023)
|
|
|---|---|---|
| Article Number | 01016 | |
| Number of page(s) | 5 | |
| DOI | https://doi.org/10.1051/e3sconf/202447801016 | |
| Published online | 16 January 2024 | |
The Evaluation Model of Economy and Application in the Secondary Development by Real Options Method
Toutai Oilfield Co., Ltd., Daqing, 163000, China
The secondary development is a deeper development after efficient development, more difficult to develop, higher technical risks and fluctuations in oil prices all increase uncertainty. Owing to comprehensive benefits and uncertainty, it’s essential to find a more flexibility in investment decision-making method instead of cash flow which may cause the deviations of investment decisions. Organic combining the evaluation model of capacity, risk analysis methods, Black—Scholes model, this article has established an option evaluation method of deliverability project which is fit for the secondary development, reflects comprehensive benefits and uncertainty. It has provided a more accurate method for investment decision on the secondary development evaluation under uncertainty.
Key words: The secondary development / uncertainty / physical options / the economic evaluation / evaluation model
© The Authors, published by EDP Sciences, 2024
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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