| Título: | Economic Analysis of Liquefied Natural Gas Floating Production Storage and Offloading Plant (LNG FPSO) Using Probabilistic Approach |
| Autores: |
N. Edwin, Lazson; Department of Petroleum and Gas Engineering, University of Port Harcourt S. Sunday, Ikiensikimama; Department of Petroleum and Gas Engineering, University of Port Harcourt |
| Fecha: | 2013-03-31 |
| Publicador: | Advances in Petroleum Exploration and Development |
| Fuente: |
 |
| Tipo: |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
| Tema: |
LNG FPSO; Offshore LNG liquefaction; Probabilistic approach; Sensitivity analysis; Economic yardstick |
| Descripción: | The global yearning for clean and safe environment coupled with the need of monetizing stranded gas fields to meet the growing demand of Natural gas in the world today has called for understanding of the range of potential for commercial realization of Liquefied Natural Gas Floating Production Storage and Offloading Plant (LNG FPSO). This places a heavy burden on the economic evaluation process which will give the maximum insight into the basis for a decision to invest or not to invest in the LNG FPSO. An economic analysis of 5.2 million tonnes per annum (MTPA) LNG FPSO plant was undertaken. A Monte Carlo simulation method was adopted in this study through the use of Crystal Ball Software. The key uncertainties were represented and their respective impacts on economic viability defined. The deterministic model results obtained from the studies were very impressive with Net Present Value of $2.3 billion at a discount value of 15% and Internal Rate of Return at 32.68%. Probabilistically, 74.96% certainty of having a positive net present value (NPV) and good IRR values far above the hurdle rate for investment in Nigeria was obtained. These clearly showed that LNG FPSO is profitable. Certainty of payback period of not exceeding 5 years was obtained to be 55.89%.Key words: LNG FPSO; Offshore LNG liquefaction; Probabilistic approach; Sensitivity analysis; Economic yardstick |
| Idioma: | Inglés |
1 The Effects of Pore Pressure and Temperature Difference Variation on Borehole Stability por Chi, AI; Key Laboratory of Education Ministry for Enhanced Oil Recovery, Northeast Petroleum University, Daqing, Hei Longjiang Province, China.,Yuwei, LI; Key Laboratory of Education Ministry for Enhanced Oil Recovery, Northeast Petroleum University, Daqing, Hei Longjiang Province, China.,Yu, LIU; Key Laboratory of Education Ministry for Enhanced Oil Recovery, Northeast Petroleum University, Daqing, Hei Longjiang Province, China. | 6 Contents por Chao, Jamie |
2 Study on Matching Ability Between Cement Particle Size and Permeability in the Process of Oil Reservoir Plugging por ZHANG, Qingjie,WEI, Jianguang,SUN, Guojun,JIN, Liyang,GUAN, Pengjun | 7 Finite Volume Method for Solving a Modified 3-D 3-Phase Black-Oil Hydrocarbon Secondary Migration Model, and Its Application to the Kuqa Depression of the Tarim Basin in Western China por Guangren, SHI; Research Institute of Petroleum Exploration and Development, PetroChina,Jinshan, MA; Research Institute of Petroleum Exploration and Development, PetroChina,Xinshe, YANG; Mathematics and Scientiic Computing, National Physical Laboratory,Junhua, CHANG; Research Institute of Petroleum Exploration and Development, PetroChina,Jun, WAN; Research Institute of Petroleum Exploration and Development, PetroChina |
3 Determination of Non-Darcy Porous Flow Boundary Value in Formation Type III por Yikun, LIU; EOR key lab in the Ministry Of Education in Northeast Petroleum University.,Shuang, LIANG; EOR key lab in the Ministry Of Education in Northeast Petroleum University.,Lingyun, CHEN; EOR key lab in the Ministry Of Education in Northeast Petroleum University.,Fengjiao, WANG; EOR key lab in the Ministry Of Education in Northeast Petroleum University.,Yang, XUAN; Production Engineering Research Institute in Daqing Oil Field Co.,Qian, LIU; The second factory in Daqing Oil Field Co. | 8 SUBMISSION OF MANUSCRIPTS por Chao, Jamie |
4 Cotton Oil and Sunflower Oil Fuel Mixtures por Arapatsakos, Charalampos; Department of Production and Management Engineering, Democritus University of Thrace, V. Sofias Street, 67100, Xanthi , GREECE,Karkanis, Anastasios; Department of Production and Management Engineering, Democritus University of Thrace, V. Sofias Street, 67100, Xanthi , GREECE,Christoforidis, Dimitrios; Department of Production and Management Engineering, Democritus University of Thrace, V. Sofias Street, 67100, Xanthi , GREECE,Moschou, Marianthi; Department of Production and Management Engineering, Democritus University of Thrace, V. Sofias Street, 67100, Xanthi , GREECE,Pantokratoras, Ioannis; Department of Production and Management Engineering, Democritus University of Thrace, V. Sofias Street, 67100, Xanthi , GREECE | 9 Principal Points in Cementing Geothermal Wells por Salim, Prisca; Texas A&M University at Qatar,Amani, Mahmood; Texas A&M University at Qatar |
5 Design and Operational Procedures for a Locally Made Steam Distillation Apparatus por Hosein, Raffie; Chemical Engineering Department, The University of the West Indies, St Augustine,Lewis-Hosein, Rhonda; Chemical Engineering Department, The University of the West Indies, St Augustine | 10 The Analysis of Dynamic Data of Multi-Fractured Horizontal Well Preliminary Application Research por Xinke, ZHANG; Oil Recovery Engineering Research Institute, Zhongyuan Oilfield Company, Puyang, China.,Jingli, SUN; Oil Recovery Engineering Research Institute, Zhongyuan Oilfield Company, Puyang, China.,Wenquan, WANG; China Petroleum West-east Gas Pipeline Company, Zhengjiang, China.,Jianjun, LI; China Petroleum West-east Gas Pipeline Company, Zhengjiang, China.,Liushen, WANG; ESSCA Group, Beijing, China. |