Abstract:This study intends to propose parameter adjustment for economic evaluation in considering abandonment expenditures (ABEX) during front end loading (FEL) of discovered petroleum resources. In maturing a petroleum field development, abandonment and decommissioning of wells and facilities requires consideration during FEL. FEL, long adopted by prominent E&P players worldwide is used to support capital investment decision-making where value i.e. expected monetary wealth is measured and evaluated by Discounted … Show more
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