气候变化领域集成服务门户(CCPortal): Environmental and economic multi-objective real options analysis: Electrification choices for field development investment planning

CCPortal

DOI	10.1016/j.energy.2024.131053
	Environmental and economic multi-objective real options analysis: Electrification choices for field development investment planning
	Noshchenko, Olga; Hagspiel, Verena
发表日期	2024
ISSN	0360-5442
EISSN	1873-6785
起始页码	295
卷号	295
英文摘要	Hydrocarbons combustion is one of the primary sources of greenhouse gas emissions, causing climate change. As large volumes of gas are burned to power the energy -consuming oil and gas production on offshore platforms, the Norwegian petroleum industry contributes significantly to the country's emissions, making it a target for environmental regulations. Hence, Norwegian petroleum companies are facing the challenge of finding solutions to comply with increasing environmental requirements while being economically feasible. Offshore platforms electrification helps to reduce carbon emissions, but relevant investment decisions are complicated by uncertainty related to market fluctuations and regulations. In this study, we analyze how considering environmental and economic objectives simultaneously affects optimal investment strategies under uncertainty. We develop a novel methodology for determining the project value and the best investment policy for field development, considering several objectives and uncertain factors. By introducing multi -objective optimization into a real options investment valuation model, economic and environmental objectives are combined using the weighted sum method. The optimization model allows to determine trade-offs between the objectives of the project along with a flexible investment policy. Such optimal solutions result in a significant decrease in carbon emissions at only a marginal reduction in economic value.
英文关键词	Real options analysis; Multi-objective optimization; Electrification; Field development planning; Investment under uncertainty
语种	英语
WOS研究方向	Thermodynamics ; Energy & Fuels
WOS类目	Thermodynamics ; Energy & Fuels
WOS记录号	WOS:001224967600001
来源期刊	ENERGY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/295241
作者单位	Norwegian University of Science & Technology (NTNU)
推荐引用方式 GB/T 7714	Noshchenko, Olga,Hagspiel, Verena. Environmental and economic multi-objective real options analysis: Electrification choices for field development investment planning[J],2024,295.
APA	Noshchenko, Olga,&Hagspiel, Verena.(2024).Environmental and economic multi-objective real options analysis: Electrification choices for field development investment planning.ENERGY,295.
MLA	Noshchenko, Olga,et al."Environmental and economic multi-objective real options analysis: Electrification choices for field development investment planning".ENERGY 295(2024).