Title:

Methodology for the formation of a new economic model for geological exploration in subsoil use

Creator:

Kuzina, Elizaveta

Subject:

methodology ; geological exploration ; hydrocarbon reserves and resources ; modeling methods ; cash flow ; discount rate ; payback period

Description:

In modern realities, there is no unified methodology for the economic assessment of geological exploration in subsoil use. The main research question of this study was to develop a methodology for the new economic model formation for assessing geological exploration in the subsoil use for the mineral resource base rational use. The new methodology can facilitate the assessment of subsoil users of hydrocarbon reserves and resources and government bodies when putting resources and reserves on the balance sheet. In the course of the study, modeling, observation, description, and analysis methods were used. The result of the study was a new economic model for evaluating geological exploration in subsoil use. The main conclusions can be characterized by the optimization of the main indicators of the valuation of mineral raw materials. The basic principles for calculating discounted cash flow, discount rate, payback period and internal rate of return were developed.

Place of publishing:

Koszalin

Publisher:

Politechnika Koszalińska

Date:

2021

Type:

artykuł w czasopiśmie

Format:

application/pdf

Language:

eng

Is part of:

Rocznik Ochrona Środowiska. Vol. 23, s. 891-901

Rights:

Biblioteka Politechniki Koszalińskiej

Access rights:

internet

License:

Creative Commons BY-SA 4.0