TY - BOOK

T1 - Development of an integrated economic evaluation model for the exploitation of marginal offshore oil fields

AU - Trully, Michael

N1 - embargoed until 01-10-2022

PY - 2019

Y1 - 2019

N2 - The increasing short and mid-term demand for oil and gas combined with the fading exploration success brings mature areas back into focus. Especially marginal offshore oil fields, being characterized by high upfront CAPEX, low production revenue and short field life, require innovative solutions, considering specific topics like transfer of CAPEX to OPEX, incentives and technological innovations, which are not necessarily covered in typical upstream valuation approaches. This results in a specific business model that especially considers the value added from adequate subsurface and surface field development competencies and application of fit for purpose technology. Using and adapting the competitive analysis framework of Porter (especially the company value chain and the five forces model) to derive at the pre-dominant value drivers, an adequate valuation concept, taking into account the specifics of marginal offshore oil fields, is configured. Additionally, elaborated expert interviews have been performed to find empirical evidence for derived conclusions.

AB - The increasing short and mid-term demand for oil and gas combined with the fading exploration success brings mature areas back into focus. Especially marginal offshore oil fields, being characterized by high upfront CAPEX, low production revenue and short field life, require innovative solutions, considering specific topics like transfer of CAPEX to OPEX, incentives and technological innovations, which are not necessarily covered in typical upstream valuation approaches. This results in a specific business model that especially considers the value added from adequate subsurface and surface field development competencies and application of fit for purpose technology. Using and adapting the competitive analysis framework of Porter (especially the company value chain and the five forces model) to derive at the pre-dominant value drivers, an adequate valuation concept, taking into account the specifics of marginal offshore oil fields, is configured. Additionally, elaborated expert interviews have been performed to find empirical evidence for derived conclusions.

KW - Marginal Offshore Oil Fields

KW - Offshore Technology

KW - Marginal Offshore Oil Field Developments

KW - Marginal Offshore Oil Field Business Modell

KW - Capabilities

KW - Relevant External Conditions

KW - Technology Evaluation

KW - Field Development

KW - Offshore

KW - Offshore Oil and Gas History

KW - Technology Maturation

KW - Exploitation of Marginal Offshore Oil Fields

KW - Marginal Field Classification

KW - Five Competitive Forces Modell for Marginal Offshore Oil Fields

KW - Value Chain Model for Marginal Offshore Oil Fields

KW - Functional Strategy

KW - Field Development Strategy

KW - Subsurface & Surface Capabilities

KW - External Environment

KW - Internal Capabilities

KW - Functional Strategy Implementation

KW - Process to deduct Functional Strategies

KW - Practical Application for Marginal Offshore Oil Field Developments

KW - MOOF

KW - Oil & Gas

KW - Strategy Map

KW - Balanced Score Card

KW - Marginale Offshore Ölfelder

KW - Offshore Technologie

KW - Marginale Offshore Ölfeld Entwicklung

KW - Geschäftsmodell für Marginale Offshore Ölfelder

KW - Fähigkeiten

KW - Relevante Externe Bedingungen

KW - Technologieevaluierung

KW - Feld Entwicklung

KW - Offshore

KW - Offshore Öl und Gas Geschichte

KW - Technologieentwicklung

KW - Erschließung Marginaler Offshore Ölfelder

KW - Marginale Feldklassifikation

KW - Fünf-Kräfte-Modell für Marginale Offshore Ölfelder

KW - Wertschöpfungskettenmodell für Marginale Offshore Ölfelder

KW - Funktionalstrategie

KW - Feld Entwicklungsstrategie

KW - Untertägige und Übertägige Fähigkeiten

KW - Externe Umwelt

KW - Interne Fähigkeiten

KW - Implementierung von Funktionalstrategien

KW - Prozess um Funktionalstrategien abzuleiten

KW - Praktische Anwendung für eine Marginale Offshore Ölfeld Entwicklung

KW - Öl & Gas

KW - Strategie

KW - Strategy Map

KW - Balanced Score Card

M3 - Doctoral Thesis

ER -