The average size of new oil discoveries on the Norwegian Continental Shelf (NCS) is
steadily decreasing. As standalone developments are often not economically viable for …

Oil and gas companies are facing low output prices and are forced to focus on the
development of mature fields. Relevant investment decisions for operators include lifetime …

Re-using existing infrastructure has become a standard approach for the development of
marginal offshore oil fields. Many small discoveries are, however, located in remote areas or …

This paper presents the CoG-FPOM, an adaptation of the Fuzzy Pay-Off Method (FPOM).
The FPOM is a scenario-based real option valuation method that uses fuzzy numbers as …

With the decreasing average size of new discoveries in mature production areas, the
uncertainties in the base of oil field investment decisions are continually increasing. Fewer …

Due to rising concerns about climate change and anticipated energy demand increase the
Norwegian government advocates for floating offshore wind to decarbonize its oil and gas …

When exploring nearby prospects in a common area, the outcome of drilling a well can
change the chance of success in nearby prospects, affecting their economics and drilling …

The timing flexibility of investments in oil and gas assets can potentially add value. In this
article, we examine the value of waiting in exploration projects and propose a real option …

Commodity price driven valuation models require a stochastic price input if the value of
managerial flexibility, such as the option to defer investment until the optimal time and the …

Abstract The least square Monte Carlo simulation (LSM) approach is a state-of-the-art
approach built upon approximate dynamic programming for the selection of single or …