Abstract
Based on the research of other major foreign petroleum companies management process and evaluating the characteristics of operation for overseas petroleum projects, the portfolio optimization workflow for overseas petroleum investment was established; The multi-objective optimization model considering multiple objectives and constraints such as production, investment capital, IRR, project risk, and NPV was established. Four optimized portfolio cases were separately analyzed. By proposing the strategies of postponing some projects to build capacity, selling the part of working interests or quitting whole projects, and purchasing some new projects, the requirements of multi-objective planning were ultimately satisfied. The results and suggestions can provide a theoretical basis for the decision choices of overseas petroleum investment.
Copyright 2018, Shaanxi Petroleum Society.
This paper was prepared for presentation at the 2018 International Field Exploration and Development Conference in Xi’an, China, September 18–20, 2018.
This paper was selected for presentation by the IFEDC Committee following review of information contained in an abstract submitted by the author(s). Contents of the paper, as presented, have not been reviewed by the IFEDC Committee and are subject to correction by the author(s). The material does not necessarily reflect any position of the IFEDC Committee, its members. Papers presented at the Conference are subject to publication review by Professional Committee of Petroleum Engineering of Shaanxi Petroleum Society. Electronic reproduction, distribution, or storage of any part of this paper for commercial purposes without the written consent of Shaanxi Petroleum Society are prohibited. Permission to reproduce in print is restricted to an abstract of not more than 300 words; illustrations may not be copied. The abstract must contain conspicuous acknowledgment of IFEDC. Contact email: paper@ifedc.org.
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Jiang, Wn., Wei, L., Liu, Q., Chen, X., Wang, Zq. (2020). The Study on Portfolio Optimization Methods for Overseas Petroleum Development Projects. In: Lin, J. (eds) Proceedings of the International Field Exploration and Development Conference 2018. IFEDC 2018. Springer Series in Geomechanics and Geoengineering. Springer, Singapore. https://doi.org/10.1007/978-981-13-7127-1_62
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DOI: https://doi.org/10.1007/978-981-13-7127-1_62
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