Economic Estimation of Project Risks when Exploring Sea Gas and Oil Deposits in the Russian Arctic
The aim of the article is to develop the methodology of economic estimation of risks when exploring shelf deposits of the Ob Bay in the Arctic Region of Russia. It considers various methods of accounting and economic estimation of risks: sensitivity analysis, scenarios method, imitation modeling, an...
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ftdoajarticles:oai:doaj.org/article:c5f0560d9c684fb1a2056d436341ab4a 2023-05-15T14:39:29+02:00 Economic Estimation of Project Risks when Exploring Sea Gas and Oil Deposits in the Russian Arctic Anni Yulievna Nikulina Marina Nikolayevna Kruk 2016-06-01T00:00:00Z https://doaj.org/article/c5f0560d9c684fb1a2056d436341ab4a EN eng EconJournals http://mail.econjournals.com/index.php/ijefi/article/view/2543 https://doaj.org/toc/2146-4138 2146-4138 https://doaj.org/article/c5f0560d9c684fb1a2056d436341ab4a International Journal of Economics and Financial Issues, Vol 6, Iss 2S (2016) Business HF5001-6182 Economics as a science HB71-74 article 2016 ftdoajarticles 2023-02-19T01:31:10Z The aim of the article is to develop the methodology of economic estimation of risks when exploring shelf deposits of the Ob Bay in the Arctic Region of Russia. It considers various methods of accounting and economic estimation of risks: sensitivity analysis, scenarios method, imitation modeling, and the method of real options. Calculations and the conclusion about the most rational method for calculating sea Arctic projects were made. This method of real options allows to take into account peculiarities of venture projects. This work is practically important because the offered methodology can be applied for all gas-and-oil deposits at the Arctic shelf of Russia that have been actively developed over the last decade. Keywords: Risk, option, oil, gas, shelf, deposit, sensitivity analysis. JEL Classifications: Q32, Q39, Q47. Article in Journal/Newspaper Arctic Directory of Open Access Journals: DOAJ Articles Arctic Ob' Bay ENVELOPE(163.367,163.367,-70.583,-70.583) |
institution |
Open Polar |
collection |
Directory of Open Access Journals: DOAJ Articles |
op_collection_id |
ftdoajarticles |
language |
English |
topic |
Business HF5001-6182 Economics as a science HB71-74 |
spellingShingle |
Business HF5001-6182 Economics as a science HB71-74 Anni Yulievna Nikulina Marina Nikolayevna Kruk Economic Estimation of Project Risks when Exploring Sea Gas and Oil Deposits in the Russian Arctic |
topic_facet |
Business HF5001-6182 Economics as a science HB71-74 |
description |
The aim of the article is to develop the methodology of economic estimation of risks when exploring shelf deposits of the Ob Bay in the Arctic Region of Russia. It considers various methods of accounting and economic estimation of risks: sensitivity analysis, scenarios method, imitation modeling, and the method of real options. Calculations and the conclusion about the most rational method for calculating sea Arctic projects were made. This method of real options allows to take into account peculiarities of venture projects. This work is practically important because the offered methodology can be applied for all gas-and-oil deposits at the Arctic shelf of Russia that have been actively developed over the last decade. Keywords: Risk, option, oil, gas, shelf, deposit, sensitivity analysis. JEL Classifications: Q32, Q39, Q47. |
format |
Article in Journal/Newspaper |
author |
Anni Yulievna Nikulina Marina Nikolayevna Kruk |
author_facet |
Anni Yulievna Nikulina Marina Nikolayevna Kruk |
author_sort |
Anni Yulievna Nikulina |
title |
Economic Estimation of Project Risks when Exploring Sea Gas and Oil Deposits in the Russian Arctic |
title_short |
Economic Estimation of Project Risks when Exploring Sea Gas and Oil Deposits in the Russian Arctic |
title_full |
Economic Estimation of Project Risks when Exploring Sea Gas and Oil Deposits in the Russian Arctic |
title_fullStr |
Economic Estimation of Project Risks when Exploring Sea Gas and Oil Deposits in the Russian Arctic |
title_full_unstemmed |
Economic Estimation of Project Risks when Exploring Sea Gas and Oil Deposits in the Russian Arctic |
title_sort |
economic estimation of project risks when exploring sea gas and oil deposits in the russian arctic |
publisher |
EconJournals |
publishDate |
2016 |
url |
https://doaj.org/article/c5f0560d9c684fb1a2056d436341ab4a |
long_lat |
ENVELOPE(163.367,163.367,-70.583,-70.583) |
geographic |
Arctic Ob' Bay |
geographic_facet |
Arctic Ob' Bay |
genre |
Arctic |
genre_facet |
Arctic |
op_source |
International Journal of Economics and Financial Issues, Vol 6, Iss 2S (2016) |
op_relation |
http://mail.econjournals.com/index.php/ijefi/article/view/2543 https://doaj.org/toc/2146-4138 2146-4138 https://doaj.org/article/c5f0560d9c684fb1a2056d436341ab4a |
_version_ |
1766311472954081280 |