Subsea Engineering Hub

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Petroleum Economics Case Study: NPV vs IRR—Which Oil & Gas Project Should You Choose? Comparative Economic Evaluation of Project A Vs Project B 1. Learning Objective To compare two mutually exclusive petroleum development projects using: Net Present Value (NPV) Internal Rate of Return (IRR) Profitability Index (PI) Payback Period (PB) Discounted decision criteria And determine which project should be selected. 2. Project Description An oil company must choose one of two development projects. Both projects: Begin production immediately after development Have 5-year producing lives Are evaluated using a 10% discount rate Cash flows are after-tax No inflation adjustment required (real terms basis) The projects are mutually exclusive. 3. Cash Flow Data Project A | Year | Cash Flow ($ million) | | 0 | -100 | 1 | 30 | 2 | 35 | 3 | 40 | 4 | 30 | 5 | 20 Project B...