English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Tools annual

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools monthly

Global: Zendy Plus monthly

Presents the access of premium content as premium feature

Premium Content

Global: Zendy Plus annual

Global: Zendy Free Plan

Purpose – The aim of this research is to analyze the feasibility of\uddeveloping a real oil field in Africa under a production sharing\udagreement, through the application of the real options theory.\ud\ud\udDesign/methodology/approach – The research was conducted\udaccording to the principles of modeling and simulation, based on a\udstructure that consists of three phases, in order to facilitate project\udfeasibility analysis.\ud\ud\udFindings – Initially, according to the traditional method, we suggest\udthat the decision-maker does not invest in the development of the\udfield. However, by incorporating uncertainty into the decision-making process, other results were obtained. Although reduced, we attested that there is a likelihood of feasibility. Next, by using the binomial model to represent the process of oil barrel price diffusion, the asset value is calculated considering the flexibility of delaying the development of the field.\ud\ud\udOriginality/value – The results show that, if a manager has the right to invest in the future and wait for better oil prices, postponing the development of an oil field adds value to his assets. The proposed method is a contribution that offers subsidies to improve decisionmaking processes to evaluate investments

Feasibility analysis of the development of an oil field: a real options approach in a production sharing agreement