OIL-WELL VALUATION AND ABANDONMENT WITH PRICE AND EXTRACTION RATE UNCERTAIN

被引：13

作者：

CLARKE, HR ^{[1
]}

REED, WJ ^{[1
]}

机构：

[1] UNIV VICTORIA,VICTORIA V8W 2Y2,BC,CANADA

来源：

RESOURCES AND ENERGY | 1990年 / 12卷 / 04期

关键词：

D O I：

10.1016/0165-0572(90)90029-I

中图分类号：

TE [石油、天然气工业]; TK [能源与动力工程];

学科分类号：

0807 ; 0820 ;

摘要：

A model of oil-well valuation and abandonment is proposed for situations where shut-down decisions are irreversible and where there is uncertainty both of future oil prices and oil extraction rates. The approach uses the stopping rule approach to irreversible investment projects to derive valuations and abandonment rules.

引用

页码：361 / 382

页数：22

共 20 条

[1]

ADELMAN M, 1986, ENERGY J, V7, P9

[2] OIL PRODUCING COUNTRIES DISCOUNT RATES [J].