Determining and considering petroleum reservoir reserves and production characteristics when valuing petroleum production capital projects
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United States of America Patent
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Sep 19, 2017
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app pub date -
Oct 26, 2011
filing date -
Oct 26, 2011
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Abstract
Determining a True Value Index™ (TVI™) for a petroleum production capital project provides a novel indicator and metric that is designed to quickly assess the economics of undertaking the petroleum production capital project. The TVI™ can be determined according to the following equation:
- where, NPV=Net present value of a project;β=Reservoir Management Factor (RMF™)=absolute value (sum of Coefficient of Reserves and Coefficient of Production) derived from multivariable correlation=to reflect the market value premium on increased reserves if the producer was public; andReserves=Barrels of proven reserves to be created by the project.
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