University : unicaf UniLearnO is not sponsored or endorsed by this college or university.
Country : Zambia
Assignment Task -                 
 

Question 1 
Restoring a Well to Production 
• A well is abandoned after it can no longer flow naturally. 
• Review of a proposal is prepared for completion costing $750,000.

• The completion includes jobs such as fracture stimulation and gas lift installation.

• The operating team is very confident that well can return back to profitable outputs.

 • Estimated future production is also given. 


Given the table below, the management of the company requires you to calculate: 
 The total profit 
 Payout time, and 
 The cost of discovery and development of reserves.

 

Question 2 

Pipson Oil and Gas Company has four potential projects with a preliminary cost of $2,000,000.  However, the company is restricted to evaluate and select one of those four available projects  due to capital investment shortage. The Chief Finance Officer of the organisation has provided  the following table with the future cash flows and discount rates: 

Cash Flows 

Project A ($) 

Project B ($) 

Project C ($) 

Project D ($)

Year One 

500,000 

600,000 

1,000,000 

300,000

Year Two 

500,000 

600,000 

800,000 

500,000

Year Three 

500,000 

600,000 

600,000 

700,000

Year Four 

500,000 

600,000 

400,000 

900,000

Year Five 

500,000 

600,000 

200,000 

1,100,000

Discount Rate 

6% 

9% 

15% 

22%

 

Given the table above, you are required to calculate and suggest to the management of  Pipson Oil and Gas Company which project should the company accept and why? Give a brief explanation. 

Question 3 
Petroleum Economics has always played a vital role in the oil and gas industry since the very first drilling operations. Discuss the importance of petroleum economics and the impact on the hydrocarbons industry.


This Accounting Assignment has been solved by our Accounting Experts at UniLearnO. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment Experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.

Eureka! You've stumped our genius minds (for now)! This exciting new question has our experts buzzing with curiosity. We can't wait to craft a fresh solution just for you!

  • Uploaded By : Roman
  • Posted on : January 21st, 2019

Whatsapp Tap to ChatGet instant assistance