[Home ] [Archive]   [ فارسی ]  
:: Main :: About :: Current Issue :: Archive :: Search :: Submit :: Contact ::
Main Menu
Home::
Journal Information::
Articles archive::
For Authors::
For Reviewers::
Registration::
Contact us::
Site Facilities::
::
Search in website

Advanced Search
..
Receive site information
Enter your Email in the following box to receive the site news and information.
..
The 9th International Energy Conference
..
:: Volume 21, Issue 1 (6-2018) ::
IJE 2018, 21(1): 51-73 Back to browse issues page
Economic Appraisal of Shale Oil Production
ِِِِِِDavood Manzoor * , Morteza Torabi
Imam Sadigh University , manzoor@isu.ac.ir
Abstract:   (2736 Views)

The security, political and economic impacts of shale oil and gas, has changed the supply side of international energy market. Different countries are looking for feasible technology of shale oil production. In this paper after studies on the technical and economic aspects of shale oil production, we studied on the CAPEX and OPEX of shale oil production in a feasibility study framework in order to analysis the investments behaviour. We found that subject to no vast change in the current technology, the price of 52$ per barrel is a balanced long rune price for investors to have 10% IRR. Subject to forecasts on the main parameters of the costs of shale oil production and macro energy independence policy in the USA, we found that before 2014 because of low development of hydraulic fracturing, the production costs of shale oil was high, so continuous shale oil production needed the high oil price. After that time when production costs of shale oil in USA decreased, in order to prevent the development of this technology in the other countries, especially Russia and China, the price of oil declined and managed around 52$.

Keywords: Oil, Unconventional oil, Shale oil, Economic Appraisal, Production Costs‎
Full-Text [PDF 769 kb]   (3826 Downloads)    
Type of Study: Research | Subject: Energy Economics
Received: 2017/05/2 | Accepted: 2019/12/17 | Published: 2018/06/15
Send email to the article author

Add your comments about this article
Your username or Email:

CAPTCHA


XML   Persian Abstract   Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Manzoor ِ, Torabi M. Economic Appraisal of Shale Oil Production. IJE 2018; 21 (1) :51-73
URL: http://necjournals.ir/article-1-1259-en.html


Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Volume 21, Issue 1 (6-2018) Back to browse issues page
نشریه انرژی ایران Iranian Journal of Energy
Persian site map - English site map - Created in 0.05 seconds with 39 queries by YEKTAWEB 4645