Risk Costing and Analysis of Oil & Gas Exploration
In this paper, the features and regularity of proactive risk costs are discussed on the basis of risk costing of oil & gas exploration industry. Four assumptions are proposed: effective exploring stages, full exploration costing, time value of exploration expenditures and significant fluctuation of money value. The time value of investments and oil & gas reserves is expressed in future value. The change in price is eliminated by using the price of beginning and current year as a benchmark. Then the dynamic mathematical model for oil & gas reserve costing is established. Finally, reserve costs of seven oil & gas exploratory areas are statically and dynamically reckoned and statistically analyzed by utilizing single-year average, cumulative average and moving average method respectively.
risk cost oil & gas reserves cost of reserves
LI Zhixue WANG Wenhao
School of Economics and Management, Nanjing University of Information Science & Technology, P.R.China, 210044
国际会议
威海
英文
157-163
2010-07-24（万方平台首次上网日期，不代表论文的发表时间）