Publications

Project assessment through economic analyses has become an integral part of managements decision making process. A comprehensive approach to project economics is essential for judging the relative merits of exploration opportunities worldwide. This paper identifies the significant criteria a company should look at when making economic evaluations. The importance of such factors as rate of return, leverage, profitability, payout, expected value, etc. are discussed and a simplified method of investment analysis is demonstrated that will incorporate the degree of risk inherent in oil and gas investments.