Risk Analysis of Offshore Oil Development Projects: A Case Study

Bruno Nogueira Silva, Leonardo Lima Gomes and Rodrigo Loureiro Medeiros
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Bruno Nogueira Silva: FCAA-Petrobras
Leonardo Lima Gomes: FUCAPE BUSINESS SHOOL
Rodrigo Loureiro Medeiros: FUCAPE BUSINESS SHOOL

Brazilian Business Review, 2006, vol. 3, issue 2, 223-237

Abstract: Development of offshore oil production projects entails a huge capital outlay. The various aspects of the project are filled with uncertainties. If these are not considered correctly, an initially attractive venture can become uneconomic. It is thus necessary to carry out analyses that can identify and quantify the inherent risks of the project so that they can be mitigated as much as possible. This work presents a method of quantitative risk analysis that can serve as a basis for decisions regarding projects of this nature. We use a case study to exemplify the proposed risk analysis methodology.

Keywords: risk analysis; offshore oil; projects. (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:bbz:fcpbbr:v:3:y:2006:i:2:p:223-237

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