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:: Volume 15, Issue 63 (Winter 1398 2020) ::
QEER 2020, 15(63): 1-32 Back to browse issues page
Providing a Method for Determining the Monetary Value at Risk of Petroleum Properties
Ali Faridzad *1, Shamsi Ghasemi, Mehdi Ahrari
1- , afaridzad@yahoo.com
Abstract:   (496 Views)
Upstream and downstream activities of the oil industry have to deal with mitigating risks of material and human loss associated with the use of industry assets, including through insurance cover. One of the important issues in insuring oil assets, is determination the value at risk of the asset in question. The main purpose of the present study is to fill the gap in terms of a scientific methodology for estimating the monetary value at risk (MVR) of a petroleum property and thus help in setting the correct insurance premium for any given oil asset. We use our method to calculate the optimal value at risk of an oil asset insured by Iranian insurance companies. Our estimated result is close to the actual premium charged. It thus offers us a scientific method, with high accuracy, which can be used to calculate risk-based valuation of oil assests and the associated insurance premium estimate.
Keywords: C2, L10, M19 Keywords: Petroleum Property Valuation, Monetary Value at Risk(MVR), Risk Factor, Total Insurable Value(TIV), Insurance Premium, Oil and Energy Insurance.
Full-Text [PDF 1332 kb]   (243 Downloads)    
Type of Study: Thesis(PhD.) | Subject: قيمت گذاري
Received: 2020/02/1 | Accepted: 2020/02/1 | Published: 2020/01/30 | ePublished: 2020/01/30
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Faridzad A, Ghasemi S, Ahrari M. Providing a Method for Determining the Monetary Value at Risk of Petroleum Properties. QEER. 2020; 15 (63) :1-32
URL: http://iiesj.ir/article-1-1262-en.html

Volume 15, Issue 63 (Winter 1398 2020) Back to browse issues page
فصلنامه مطالعات اقتصاد انرژی Quarterly Energy Economics Review
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