Complete decision-tree analysis using simulation methods: Illustrated with an example of bitumen production in Alberta using steam injection

Proceedings - SPE Annual Technical Conference and Exhibition

Volumn 6, Issue , 2006, Pages 4310-4316

  Laughton, D ^a   Joe, G ^b   Paduana, M ^c   Samis, M ^c  

^a UNIVERSITY OF ALBERTA   (Canada)

^b HUSKY ENERGY   (Canada)

^c AMEC FOSTER WHEELER   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

COMPUTATIONAL TECHNOLOGY; COST PROFILES; GEOLOGICAL UNCERTAINTIES;

COMPUTATIONAL METHODS; COMPUTER SIMULATION; DECISION THEORY; LIFE CYCLE; PETROLEUM GEOLOGY; TECHNICAL PRESENTATIONS; TREES (MATHEMATICS); WATER INJECTION;

BITUMINOUS MATERIALS;

EID: 33751003821     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: None     Document Type: Conference Paper

References (4)

1. Bradley, P. (1998) "On the Use of Modern Asset Pricing for Comparing Alternative Royalty Systems for Petroleum Development Projects" The Energy Journal 19(1) 47-82
2. Laughton, D.G. (2006) "The Banff Taxonomy of Asset Valuation Methods: Lessons from Financial Markets for Real Asset Valuation in the Upstream Petroleum Industry" Unpublished
3. Longstaff, F. A. and E. S. Schwartz (2001) "Valuing American Options by Simulation: A Simple Least-Squares Approach" Review of Financial Studies 14 113-147
4. Salahor, G. (1998) "Implications of Output Price Risk and Operating Leverage for the Evaluation of Petroleum Development Projects" The Energy Journal 19(1) 13-46