Calculation method of risk value compensation coefficient in overseas oil and gas asset evaluation

Abstract

The invention provides a calculation method of the risk value compensation coefficient in overseas oil and gas asset evaluation. The calculation method comprises the following steps: calculating the average return rate of the oil and gas industry; calculating the national risk adjustment factors; calculating the project risk adjustment factors; calculating the rate of return on exchange risk; calculating the contribution rate of technological progress; and calculating the risk value compensation coefficient in overseas oil and gas asset evaluation based on the average return of the oil and gasindustry, the national risk adjustment factor, the project risk adjustment factor, the rate of return on exchange risk and the contribution rate of technological progress. According to the method, all kinds of risks are quantified so as to provide a reliable basis for overseas oil and gas asset acquisition.

Description

technical field [0001] The invention relates to the field of oil and gas resource evaluation, in particular to a calculation method for the risk value compensation coefficient in the evaluation of overseas oil and gas assets. Background technique [0002] The value-at-risk compensation factor is the ratio of the risk compensation required to bear the risk of investing in an asset to the return on the purchase outlay, taking into account the time value of money. Scientifically and reasonably determining the value-at-risk compensation coefficient is the basis for accurately evaluating the value of overseas oil and gas assets. [0003] The research on the value-at-risk compensation coefficient in our country began in the 1980s. In 1987, the State Planning Commission issued the book "Methods and Parameters of Economic Evaluation of Construction Projects", which stipulated a unified value-at-risk compensation coefficient value standard. In 1993, the State Planning Commission an...

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Problems solved by technology

[0004] At the end of the 20th century and the beginning of the 21st century, Chinese scholars began to realize the limitations and irrationality of the unified value-at-risk compensation coefficient standard, and published "Analysis of the Theory and Method of Oil and Gas Reserve Assets Evaluation" in the "Journal of Petroleum University (Social Science Edition)" In the article, it is proposed that different projects have risk differences, and different value-at-risk compensation coefficients should be adopted, but it does not give a method for determining the value compensation coefficient of projects with different risks

In 2003 and 2005, two scholars published articles in Henan Petroleum Magazine entitled "Determining the Benchmark Yield Rate of Economic Evaluation of Oilfield Exploration and Development Projects" and "Research on the Method of Determining the Benchmark Discount Rate of Oilfield Development Projects". On the basis of human research, the risk differences of different oil and gas resource projects were further analyzed in detail, and the method of determining the value compensation coefficient of different risks faced by the project was given by empirical methods and other methods, ...

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