Investment development

A true unknown, beside how much a clean-fuels program will cost individual organizations, is how many refiners will make such an investment. Developed markets suffer from diminished demand growth for products. Mediocre returns from earlier environmental projects taint possible returns on future spending. With such a backdrop, hesitancy on expected spending is anticipated. Yet, the deadlines draw nearer, and plans must be formulated. 

The need to obtain a protein, efficiently, economically and in sufficient purity and quantity, applies to every purification. It is important to set objectives for purity, quantity and maintenance of biological activity and to define the economical and time framework for the work. All information concerning properties of the target protein and contaminants will help during purification development. Some simple experiments to characterise the sample and target molecule are an excellent investment. Development of fast and reliable analytical assays is essential to follow the progress of the purification and assess its effectiveness. Sample preparation and extraction procedures should be developed prior to the first chromatographic purification step. 

Neutral Invest Develop Partnership Stop. Outsource. 

Our investments develop e.g. sustainable production capacity, energy efficiency, local infrastructure and electricity distribution reliability. ... 

The field development plan s prime purpose is to serve as a conceptual project specification for subsurface and surface facilities, and the operational and maintenance philosophy required to support a proposal for the required investments. It should give management and shareholders confidence that all aspects of the project have been... 

For the above reasons, gas Is typically economic to develop only if it can be used locally, i.e. if a local demand exists. The exception to this is where a sufficient quantity of gas exists to provide the economy of scale to make transportation of gas or liquefied gas attractive. As a guide, approximately 10 Tcf of recoverable gas would be required to justify building a liquefied natural gas (LNG) plant. Globally there are few such plants, but an example would be the LNG plant in Malaysia which liquefies gas and transports it by refrigerated tanker to Japan. The investment capital required for an LNG plant Is very large typically in the order of 10 billion. 

In 1986 when the oil price crashed to 10 a barrel, operators began to look very hard at the requirements for offshore developments and novel slimline, reduced facilities platforms began to be considered. The reduced capital outlay and early production start up capability, coupled with the added flexibility, ensured that all companies now consider subsea systems as an important field development technique. Although the interest and investment in subsea systems increased dramatically, subsea systems still had to compete with the new generation of platforms, which were becoming lighter and cheaper. 

Introduction and commercial application Investment opportunities in the exploration and production (E P) sector of oil and gas business are abundant. Despite areas such as the North Sea, Gulf of Mexico and the North Slope in Alaska being mature areas, there are still many new fields under development in those regions, and new areas of business interest are opening up in South America, Africa and South East Asia. Some fields which have a production history of decades are being redeveloped, such as the Pedernales Field in Venezuela. 

Petroleum economics provides the tools with which to quantify and assess the financial risks involved in field exploration, appraisal and development, and allows a consistent approach with which alternative investments can be compared. The techniques are applied to advise management on the attractiveness of such investment opportunities, to assist in selecting the best options, and to determine how to maximise the value of existing assets. 

Sections 13.1 to 13.8 will deal mainly with the economics of a field development. Exploration economics is introduced in Section 13.8. The general approach to this section will be to look at an investment proposal from an operator s point of view. 

Within the project box, the cashflow oi the project (or other investment opportunity) is the forecast of the funds absorbed and the money generated during the project lifetime. Take, for example, the development of an oil field as the investment opportunity. Initially the cashflow will be dominated by the capital expenditure (capex) required to design, construct and commission the hardware for the project (e.g. platform, pipeline, wells, compression facilities). 

The field may enter into an economic decline when either income is falling (production decline) or costs are rising, and in many cases both are happening. Whilst there may be scope for further investment in a field in economic decline, it should not tie up funds that can be used more effectively in new projects. A mature development must continue to generate a positive cashflow and compete with other projects for funds. The options that are discussed in this section give some idea of the alternatives that may be available to manage the inevitable process of economic decline, and to extend reservoir and facility life. 

Handling production from, and providing support to, a satellite field from an older facility is at first glance an attractive alternative to a separate new development. However, whilst savings may be made in capital investment, the operating cost of large processing facilities may be too much to be carried by production from a smaller field. 

The development and improvement of scientific-technical level of NDT and TD means for safety issues is connected with the necessity to find additional investments that must be taken into account at the stage of new technogenic objects designing, when solving new arising problems in social, economic, ecological and medical safety. It is not accidental, that the expenses for safe nuclear power plants operation cover 50% of total sum for construction work capital investments. That is why the investments for NDT and TD have to cover 10% of total amount for development and manufacturing of any product. 

Land purchases and many of the costs associated with faciUty development can be accompHshed with long-term loans of 15 to 30 years. Equipment such as pumps and tmcks are usually depreciated over a few years and are funded with shorter-term loans. Operating expenses for such items as feed, chemicals, fuel, utilities, salaries, taxes, and insurance may require periodic short-term loans to keep the business solvent. The projected income should be based on a reaUstic estimate of farmgate value of the product and an accurate assessment of anticipated production. Each business plan should project income and expenses projected over the term of all loans in order to demonstrate to the lending agency or venture capitaUst that there is a high probabiUty the investment will be repaid. 

Natural gas is by far the preferred source of hydrogen. It has been cheap, and its use is more energy efficient than that of other hydrocarbons. The reforming process that is used to produce hydrogen from natural gas is highly developed, environmental controls are simple, and the capital investment is lower than that for any other method. Comparisons of the total energy consumption (fuel and synthesis gas), based on advanced technologies, have been discussed elsewhere (102). 

Because of the rapid capital investment in acryUcs that occurred in the early 1970s, there is a large excess capacity. In 1981 worldwide demand was 2.1 X 10 kg whereas worldwide capacity was 2.6 X 10 kg. Prices have consequendy been soft since 1977. Since that time there has been only rninimal investment in plants or equipment and a curtailment ia research and development work. 

Alloys developed by processing through the investment casting process had high I 5r strength and design flexibiUty, which led to many further ... 

---