#MOC / for economics notes with focus on petroleum fiscal and engineering
About My Motivation I always believe in the notion that for you to truly understand, you must either teach or explain to others, so this di...
For shipping related to oil and gas the commonly used terms are FOB, CFR and CIF – the last two terms replaces previously used DES term ...
Henry Hub is a natural gas pipeline located in Erath, Louisiana, that serves as the official delivery location for futures contracts on the NYMEX ...
3 key pitfalls of IRR revolve around cashflow sign Delayed Investments For most investment opportunities, ex...
The term “Longstop Date” normally occur in sales and purchase agreement (SPA) and usually meant the final date for delivery of product or payment ...
In resource estimates, P10P50P90 probability distribution are likely to be lognormal – as such, the characteristic is also expected for NPV vs Volu...
NIP is basically the sum of undiscounted net cashflow from asset first investment up to current year. It’s a useful indicator for managem...
Probability of geological success ($P_g$) depends on charge, storage and entrapment but it does not guarantee that the discovery is economical ...
Profit Oil calculated based on well productivity can be a good alternative (to Revenue over Cost) for a progressive fiscal terms Althoug...
The rule of thumb says that the mean of a moderately skewed probability distribution can be approximated by the weighted average of the 10th, 50th,...
Escrow account usually found on financed projects to provide additional oversight as a guarantee that the fund will be available for the project. ...
As I continue to tend my digital garden (Efemkay's Digital Garden), I also increasing interested to see how others develop their digital garden...
Comparing leasing to purchase with borrowing will put the two on same level in term of advantage (delaying investment) and risk (leveraging) ...
Swanson’s mean (SM) has no theoretical justification for any distribution other than the normal. This is despite it is being heavily use...
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