One Method to Identify the Real Options in the Investment Project
Author:
Nadrus Inas12, Anshin Valery1, Demkin Igor3
Affiliation:
1. National Research University Higher School of Economics 2. Ltd "Ingosstrakh" 3. LLC «NIIgazeconomika»
Abstract
The present article describes a research that examines the sources of flexibility in the investment projects in the oil and gas industry using multiple case studies of several oil and gas projects. More precisely, the study is concerned with revealing uncertainties that give rise to real options. Ultimately, the methodology for real options identification in the exploration & development type of investment projects of the oil and gas industry is proposed. It is anticipated that the results might help to bring certain improvements into the existing managerial conception of using real options for investment project evaluation considering the specific nature of investment projects in the oil and gas industry.
Publisher
Infra-M Academic Publishing House
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