Standardy wartości aktywów w sektorze naftowym

The evaluation engineering offers many methods for determining fair-market-value of a hydrocarbon property (FMV). All of them fall into four general categories: comparative sales, rule of thumb, income forecast, and replacement costs. The proper FMV determinations should consider the time element of the revenue stream and the technological, economic, and political uncertainties. None of the methods is more reliable than the estimates of future mineral prices on which they are based. The paper presents main problems connected with the determination of FMV in oil and gas sector.