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Prepare a group 10 page report on the evaluation process of an oil and gas asset...

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Finance

Prepare a group 10 page report on the evaluation process of anoil and gas asset to your bank for a project finance
loan!!!! The @Risk spreadsheet must be submitted as well!

Answer & Explanation Solved by verified expert
3.8 Ratings (375 Votes)
Exploration and production EP companies often invest in assets outside their home country in fact many of these companies have groups specifically dedicated to evaluating overseas investment opportunities For example ONGC Videsh which is the overseas arm of Indian national oil company Oil and Natural Gas Corp ONGC owns participating interests in 38 oil and gas assets in 17 countries The sole business of ONCG Videsh is to prospect for oil and gas acreages outside of India for exploration development and production Another example comes from Mexico where the recently concluded shallowwater bid round saw 20 individual companies and 16 consortia from 15 countries bid on 15 shallowwater blocks in the Gulf of Mexico The reasons for investment diversification across political borders vary from seeking the highestquality assets increasing energy security for the home country or transferring relevant technologies and skills to hedging geopolitical risks or engaging in diplomacy The technocommercial evaluation of these assets by investors provides for an exciting work experience for EP industry professionals The process is not purely technical or limited to the evaluation of the assets production performance Careful consideration is also given to the business environment fiscal policy stability and political stability of the country among other factors Oil and gas companies maintain a balanced portfolio of exploration development and production assets and the proportion of these assets is governed by the companys overall strategy Riskaverse    See Answer
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Prepare a group 10 page report on the evaluation process of anoil and gas asset to your bank for a project financeloan!!!! The @Risk spreadsheet must be submitted as well!

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