| Author | Piyapong Chamnan |
| Call Number | AIT Thesis no.OTM-17-01 |
| Subject(s) | Petroleum industry and trade--Management
|
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering in Offshore Technology and Management, School of Engineering and Technology |
| Publisher | Asian Institute of Technology |
| Series Statement | Thesis ; no. OTM-17-01 |
| Abstract | This thesis is presented for finding the solution for oil and gas companies to maintain their business in the low oil price as today, 40 - 60 USD/bbl. The first part of this thesis presents Real Options Analysis that is considered flexibility and uncertainty in its valuation for making decision of investments. The purpose of the first part is to apply Real Options for evaluated and created the option for oil and gas service companies to make a decision that they should invest in any project or not. Moreover, this thesis will compare the traditional economic evaluation technique with real options evaluation technique. The second part is about new business model named Digital Oilfield which is one application of Internet of Things. The simple concept is installing sensors to each equipment in oilfield then collecting a huge data and sending that data through the Internet. People that have an authority can use that data to analyze whatever they want such as predicting unexpected downtime. Moreover, staffs of that oilfield can monitor and operate the oilfield from anywhere and anytime. |
| Year | 2017 |
| Corresponding Series Added Entry | Asian Institute of Technology. Thesis ; no. OTM-17-01 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Offshore Technology and Management (OTM) |
| Chairperson(s) | Chiu, Gregory L.F. |
| Examination Committee(s) | Thitisak Boonpramote;Bui V. Dao;Pornpong Asavadorndeja |
| Degree | Thesis (M. Eng.) - Asian Institute of Technology, 2017 |