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Providing a Method for Determining the Monetary Value at Risk of Petroleum Properties
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Ali Faridzad *   1, Shamsi Ghasemi , Mehdi Ahrari |
| 1- , afaridzad@yahoo.com |
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Abstract: (3348 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. |
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| Keywords: C2, L10, M19
Petroleum Property Valuation, Monetary Value at Risk(MVR), Risk Factor, Total Insurable Value(TIV), Insurance Premium, Oil and Energy Insurance. |
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Full-Text [PDF 1332 kb]
(1055 Downloads)
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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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