Economic Evaluation

---
name: oil-and-gas-economic-evaluation
description: 'Sub-skill of oil-and-gas: Economic Evaluation (+2).'
version: 1.0.0
category: engineering
type: reference
scripts_exempt: true
---

# Economic Evaluation (+2)

## Economic Evaluation


- **NPV/IRR Analysis**: Project economics, sensitivity analysis
- **Decline Curve Analysis**: Arps equations, type curves
- **Monte Carlo Simulation**: Risk assessment, probabilistic forecasting
- **Real Options Valuation**: Investment timing, abandonment options

## Technical Analysis


- **Material Balance**: Tank models, aquifer models, gas cap expansion
- **Pressure Transient Analysis**: Well test interpretation, skin factor
- **Rate Transient Analysis**: Production data analysis, EUR estimation
- **Network Modeling**: Integrated production system optimization

## Software Tools


- **Reservoir Simulation**: Eclipse, CMG (IMEX/GEM/STARS), Petrel, tNavigator
- **Production Engineering**: PROSPER, GAP, PIPESIM, OLGA
- **Python Domain Libraries**: lasio (LAS files), welly (well logs), striplog (lithology)