Off-shore enhanced oil recovery in the North Sea: The impact of price uncertainty on the investment decisions

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• 作者：T. Compernolle^a ; ^b ; ^{tine.compernolle@uantwerpen.be} ; K. Welkenhuysen^b ; ^c ; ^d ; ^{kwelkenhuysen@naturalsciences.be} ; K. Huisman^e ; ^f ; K. Piessens^b ; ^{kpiessens@naturalsciences.be} ; P. Kort^a ; ^e ; ^kort@uvt.nl
• 关键词：CO2 enhanced oil recovery ; Uncertainty ; Real options analysis ; Investment decision
• 刊名：Energy Policy
• 出版年：2017
• 出版时间：February 2017
• 年：2017
• 卷：101
• 期：Complete
• 页码：123-137
• 全文大小：1219 K
• 卷排序：101

文摘

Real options theory is applied to study how uncertainty affects CO2EOR investments. Compared to an NPV approach, investment threshold levels are higher. A tax on CO2 would result in lower investment threshold levels compared to EUETS. A minimum CO2 selling price is determined The CO2 needed for enhanced oil recovery is not necessarily a cost.