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Record W4400371023 · doi:10.32390/ksmer.2024.61.3.191

Economic Analysis of Canadian Oil Sands Projects at Different Participation Timings Considering the Oil Price Cycle

2024· article· en· W4400371023 on OpenAlexaboutno aff
Heesung Kong, Namhwa Kim, Hyundon Shin

Bibliographic record

VenueJournal of the Korean Society of Mineral and Energy Resources Engineers · 2024
Typearticle
Languageen
FieldEngineering
TopicReservoir Engineering and Simulation Methods
Canadian institutionsnot available
Fundersnot available
KeywordsOil priceOil sandsOil-storage tradeNatural resource economicsCrack spreadEconomic feasibilityEconomicsOil fieldProduction (economics)Agricultural economicsEconomic analysisEnvironmental sciencePetroleum engineeringEngineeringMicroeconomicsGeographyMonetary economics

Abstract

fetched live from OpenAlex

Oil field development projects take a long time from exploration to production; therefore, considering the long-term oil price cycle is crucial for maximizing economic feasibility. This study constructed an oil sands development plan and an oil price model, then conducted an economic analysis of various participation timings. The results showed that participation in an oil price rising period maximized economic feasibility, and participation at the end of the low oil price period also showed high feasibility. Conversely, participation in a high oil price period or falling period demonstrated lower feasibility. Therefore, participation in a low oil price period while ramping up production during a high price period maximizes economic feasibility. This approach is applicable to both oil sands and conventional oil development projects with long lead times, highlighting the importance of economic analysis that considers the long-term oil price cycle.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.003
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.630
Threshold uncertainty score0.736

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.003
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.001
Bibliometrics0.0010.001
Science and technology studies0.0010.001
Scholarly communication0.0010.001
Open science0.0010.000
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0020.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.014
GPT teacher head0.222
Teacher spread0.208 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2024
Admission routes1
Has abstractyes

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