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Risk and Financial Cost Management of Injection Wells in Mature Oil Fields

Field Development, INA-Industry of Oil Plc., Av. V. Holjevca 10, HR-10000 Zagreb, Croatia
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Academic Editors: Shawkat Hammoudeh and Michael Polemis
J. Risk Financial Manag. 2021, 14(4), 184; https://doi.org/10.3390/jrfm14040184
Received: 14 February 2021 / Revised: 15 April 2021 / Accepted: 16 April 2021 / Published: 18 April 2021
(This article belongs to the Special Issue Energy Economics and Finance)
Risk and financial cost management are becoming increasingly important in the oil industry, especially in companies that have mature oil fields as assets. In such cases, risk and cost analysis are crucial to their existence. The paper analyzes the risks and costs through the modification of geological probability of success (POS) and obtaining the cost correction coefficient when planning capital investments in injection wells. Mature oil field “B” in the northern part of the Republic of Croatia was analyzed. For field “B”, these values were calculated: 0.8577 for probability of success for workovers, 0.4824 for modified POS for reservoir flooding, and 1.30 for cost correction coefficient for workovers. View Full-Text
Keywords: risk management; cost management; injection wells; mature oil fields; probability of success (POS); Croatia risk management; cost management; injection wells; mature oil fields; probability of success (POS); Croatia
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MDPI and ACS Style

Ivšinović, J.; Pleteš, V. Risk and Financial Cost Management of Injection Wells in Mature Oil Fields. J. Risk Financial Manag. 2021, 14, 184. https://doi.org/10.3390/jrfm14040184

AMA Style

Ivšinović J, Pleteš V. Risk and Financial Cost Management of Injection Wells in Mature Oil Fields. Journal of Risk and Financial Management. 2021; 14(4):184. https://doi.org/10.3390/jrfm14040184

Chicago/Turabian Style

Ivšinović, Josip, and Vjekoslav Pleteš. 2021. "Risk and Financial Cost Management of Injection Wells in Mature Oil Fields" Journal of Risk and Financial Management 14, no. 4: 184. https://doi.org/10.3390/jrfm14040184

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