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APPLICATION OF MONTE CARLO SIMULATIONS FOR ECONOMIC EFFICIENCY EVALUATION OF CARBON DIOXIDE ENHANCED OIL RECOVERY PROJECTS

Kuczynski, Szymon, Hendel, Jacek

First published: 2014-06-20https://doi.org/10.5593/sgem2014/b11/s6.086View metrics

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Publication details

Title
APPLICATION OF MONTE CARLO SIMULATIONS FOR ECONOMIC EFFICIENCY EVALUATION OF CARBON DIOXIDE ENHANCED OIL RECOVERY PROJECTS
Authors
Kuczynski, Szymon, Hendel, Jacek
Proceedings
SGEM International Multidisciplinary Scientific GeoConference EXPO Proceedings; 14th SGEM GeoConference on SCIENCE AND TECHNOLOGIES IN GEOLOGY, EXPLORATION AND MINING
Publisher
Stef92 Technology
Year
2014
Pages
Not available yet
ISSN
1314-2704
ISBN
978-619-7105-07-0
Language
en
Publication type
Conference Paper
References30
  1. Galli A.G., Armstrong M., Jehl B. "Comparison of three methods for evalu ating oil projects" SPE Paper no. 57894 presented at the SPE Hydrocarbon Economics and Evaluation Symposium held in Dallas, USA ; 20-23 March, 1999

  2. Dias, M.A.G. “The Timing of Investment in E&P: Uncertainty, Irreversibility, Learning, and Strategic Conside ration,” paper SPE 37949 presented at the SPE Hydrocarbon Economics and Evaluation Symposium, Dallas, USA, 20–23 March, 1997

  3. Komlosi Z.P. Application: Monte Carlo Simulation in Risk Evaluation of E&P Projects. SPE Paper no. 68578 presented at the SPE Hydrocarbon Economics and Evaluation Symposium in Dallas, Texas, 2-3 April 2001

  4. Andrei M., De Simoni M., Delbianco A., Cazzani P., Zanibelli L. Enhanced Oil Recovery with CO 2 Capture and Sequestration. World Energy Congress, Montral, Canada, 2010

  5. Kosowski P., S topa J. An estimation of profitability of investment projects in the oil and gas industry using real options theory. Archives of Mining Sciences, vol. 57 no. 2, pp. 391–401, 2012

  6. Nagy S., Olajossy A. Analysis of use low quality natural gas to improve oil recovery factor. Archives of Mining Sciences, vol. 52, No 4, p.553-571, 2007

  7. EIA, EIA - Energy Information Administration. International Energy Outlook

  8. BP, BP Statistical Review of World Energy June 2013

  9. European Union The EU Emissions Trading System (EU ETS). DOI: 10.2834/55480, 2013

  10. Chen C. A technical and economic assessment of CO 2 capture technology for IGCC power plants, PhD. Thesis, Carnegie Mellon University, Pittsburgh, PA, pp. 171- 181, 223, 2005

  11. P iris-Cabezas P., Lubowski R. Environmental Defense Fund, 2013

  12. Golub A., Pris-Cabezas P., Lubowski R. Modeling Spot and Options Markets for Avoided Deforestation Credits: The Role of Multiple Market Instruments to Address Climate Policy Uncertainties. International Energy Workshop Paris, June 19, 2013

  13. IPCC. Intergovernmental Panel on Climate Change. IPCC Special Report on Carbon Dioxide Capture and Storage. Prepared by Working Group III of the Intergovernmental Panel on Climate Change. Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA , 2005

  14. IEA GHG, International Energy Agency. Transmission of CO 2 and Energy, IEA Greenhouse Gas R&D Programme. Report PH4/6. IEA GHG, Cheltenham, UK (March), 2002.

  15. Welkenhuysen K., Compernolle T. Economics of single chain EOR projects. Port of Antwerp. EOR Seminar. June, 18, 2013.

  16. Galli A.G., Armstrong M., Jehl B. "Comparison of three methods for evalu ating oil projects" SPE Paper no. 57894 presented at the SPE Hydrocarbon Economics and Evaluation Symposium held in Dallas, USA ; 20-23 March, 1999

  17. Dias, M.A.G. “The Timing of Investment in E&P: Uncertainty, Irreversibility, Learning, and Strategic Conside ration,” paper SPE 37949 presented at the SPE Hydrocarbon Economics and Evaluation Symposium, Dallas, USA, 20–23 March, 1997

  18. Komlosi Z.P. Application: Monte Carlo Simulation in Risk Evaluation of E&P Projects. SPE Paper no. 68578 presented at the SPE Hydrocarbon Economics and Evaluation Symposium in Dallas, Texas, 2-3 April 2001

  19. Andrei M., De Simoni M., Delbianco A., Cazzani P., Zanibelli L. Enhanced Oil Recovery with CO 2 Capture and Sequestration. World Energy Congress, Montral, Canada, 2010

  20. Kosowski P., S topa J. An estimation of profitability of investment projects in the oil and gas industry using real options theory. Archives of Mining Sciences, vol. 57 no. 2, pp. 391–401, 2012

  21. Nagy S., Olajossy A. Analysis of use low quality natural gas to improve oil recovery factor. Archives of Mining Sciences, vol. 52, No 4, p.553-571, 2007

  22. EIA, EIA - Energy Information Administration. International Energy Outlook

  23. BP, BP Statistical Review of World Energy June 2013

  24. European Union The EU Emissions Trading System (EU ETS). DOI: 10.2834/55480, 2013

  25. Chen C. A technical and economic assessment of CO 2 capture technology for IGCC power plants, PhD. Thesis, Carnegie Mellon University, Pittsburgh, PA, pp. 171- 181, 223, 2005

  26. P iris-Cabezas P., Lubowski R. Environmental Defense Fund, 2013

  27. Golub A., Pris-Cabezas P., Lubowski R. Modeling Spot and Options Markets for Avoided Deforestation Credits: The Role of Multiple Market Instruments to Address Climate Policy Uncertainties. International Energy Workshop Paris, June 19, 2013

  28. IPCC. Intergovernmental Panel on Climate Change. IPCC Special Report on Carbon Dioxide Capture and Storage. Prepared by Working Group III of the Intergovernmental Panel on Climate Change. Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA , 2005

  29. IEA GHG, International Energy Agency. Transmission of CO 2 and Energy, IEA Greenhouse Gas R&D Programme. Report PH4/6. IEA GHG, Cheltenham, UK (March), 2002.

  30. Welkenhuysen K., Compernolle T. Economics of single chain EOR projects. Port of Antwerp. EOR Seminar. June, 18, 2013.

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Number of times cited according to Crossref: 2

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