ECONOMIC VIABILITY EVALUATION IN INDEPENDENTS OIL WELL THROUGH THE REAL OPTIONS TEORY / AVALIAÇÃO DA VIABILIDADE ECONÔMICA DE INVESTIMENTOS EM POÇOS INDEPENDENTES DE PETRÓLEO ATRAVÉS DA TEORIA DE OPÇÕES REAIS.
AUTOR(ES)
SIMAO MASSUD RUFFEIL NETO
DATA DE PUBLICAÇÃO
2002
RESUMO
This dissertation is based on the analyses of development alternatives in a discovered oil field but not yet developed. So there is an interest of evaluating an alternative of production development with a flexibility of production expansion, depending on the market conditions and technical information acquired by the initial roduction of the field. The stochastic process used to model the market uncertainty related to the oil price was the Geometric Brownian Motion (GBM). In this context, it is necessary to use the Real Options Approach to evaluate projects through the possibility of making decisions at any moment, making a better analyses and certainty with a more realistic alternative to the project value, mainly evaluating the future possibilities in terms of expansion decision of the project.
ASSUNTO(S)
petroleo opcoes reais investment oil investimento real options
ACESSO AO ARTIGO
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