Investment Evaluation and Economic Analysis of Development Projects in the Rashadat and Doroud Oil Fields

Oil and gas producing organizations across the globe compete over resources and reserves. The undeniable fact remains that the application of engineering principles-especially in exploration and production projects such as design, construction, and operation of efficient and economic plants and processes-is crucial. The lack of a viable global or national substitute for crude oil and the essential nature of this commodity in the economic portfolio has heightened the importance of oil and gas development projects. Drilling, well completion, and oil and gas production projects are considered highly complex businesses. The economic analysis of oil and gas operations requires the use of economic techniques and analyses in design and engineering. Economic evaluation of oil and gas investments is one of the core responsibilities in both domestic and foreign investments of oil and gas companies, among which risk assessment and profit evaluation are the most critical. Oil price is a key factor affecting internal company risk and industrial risk. Risk compensation reduces the overall profitability of oil and gas investments both domestically and abroad. The economic structure of the oil industry, due to the high risks and uncertainties associated with oil and gas projects and extremely volatile price levels, is significantly different from other industries. Additionally, the large number of uncertainties in the data used for investment decision-making in oil projects heavily influences decision-making processes. In this study, the Rashadat and Doroud oil fields were examined. Based on the results, investment in the Rashadat field-despite the higher risk of offshore operational conditions-is more justifiable than investment in the Doroud field, such that the profit from investment in the Rashadat field amounts to USD ۸۹۶ million. Although the initial capital required for the Doroud field is lower than that of the Rashadat field, this is due to the high costs of offshore oil operations.

کلیدواژه ها:

Oil and Gas Projects ، investment ، Economy ، Risk Analysis