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Investment Analysis of Offshore Concessions in the Netherlands

Author

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  • Han T.J. Smit

Abstract

An oil field concession in The Netherlands provides an opportunity to examine a stage-by-stage valuation of a complex capital project, including the actual implementation of option-pricing methodology to value the real options in a natural resource project.

Suggested Citation

  • Han T.J. Smit, 1997. "Investment Analysis of Offshore Concessions in the Netherlands," Financial Management, Financial Management Association, vol. 26(2), Summer.
    • Handle: RePEc:fma:fmanag:smit97
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    Citations

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    Cited by:

    1. Lander, Diane M. & Pinches, George E., 1998. "Challenges to the Practical Implementation of Modeling and Valuing Real Options," The Quarterly Review of Economics and Finance, Elsevier, vol. 38(3, Part 2), pages 537-567.
    2. Blandina Oliveira & Adelino Fortunato, 2008. "The dynamics of the growth of firms: evidence from the services sector," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 35(3), pages 293-312, July.
    3. Davis, Graham A., 1998. "Estimating Volatility and Dividend Yield When Valuing Real Options to Invest or Abandon," The Quarterly Review of Economics and Finance, Elsevier, vol. 38(3, Part 2), pages 725-754.
    4. Michael Ye & John Zyren & Joanne Shore, 2003. "Elasticity of demand for relative petroleum inventory in the short run," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 31(1), pages 87-102, March.
    5. Pedro Godinho, 2006. "Monte Carlo Estimation of Project Volatility for Real Options Analysis," GEMF Working Papers 2006-01, GEMF, Faculty of Economics, University of Coimbra.
    6. Pedro Godinho, 2015. "Estimating State-Dependent Volatility of Investment Projects: A Simulation Approach," GEMF Working Papers 2015-02, GEMF, Faculty of Economics, University of Coimbra.
    7. Lim, Terence & Lo, Andrew W. & Merton, Robert C. & Scholes, Myron S., 2006. "The Derivatives Sourcebook," Foundations and Trends(R) in Finance, now publishers, vol. 1(5–6), pages 365-572, April.
    8. José Balibrea-Iniesta, 2020. "Economic Analysis of Renewable Energy Regulation in France: A Case Study for Photovoltaic Plants Based on Real Options," Energies, MDPI, vol. 13(11), pages 1-19, June.
    9. Pedro Godinho, 2015. "Estimating State-Dependent Volatility of Investment Projects: A Simulation Approach," GEMF Working Papers 2015-02, GEMF, Faculty of Economics, University of Coimbra.
    10. Schwartz, Eduardo, 1998. "Valuing long-term commodity assets," Journal of Energy Finance & Development, Elsevier, vol. 3(2), pages 85-99.
    11. Andrés García-Mirantes & Beatriz Larraz & Javier Población, 2020. "A Proposal to Fix the Number of Factors on Modeling the Dynamics of Futures Contracts on Commodity Prices," Mathematics, MDPI, vol. 8(6), pages 1-13, June.
    12. Olubanjo Michael Adetunji & Akintola Amos Owolabi, 2016. "Valuation of Interacting Time-to-Build and Growth Real Options in Infrastructure Investments," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(12), pages 202-215, December.
    13. Han Smit & Enrico Pennings & Sjoerd Bekkum, 2017. "Real options and institutions," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 48(5), pages 620-644, July.

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