Estimating the expected value of multiple prospects in bidding blocks
In recent years, China has accelerated the reform of its oil and gas management system, especially in competitive transfer of mining rights. Evaluating the expected value (EV) of lease blocks is crucial for the bidding decision of oil companies. When bidding for a block with several individual prosp...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
KeAi Communications Co., Ltd.
2022-07-01
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| Series: | Energy Geoscience |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666759222000233 |