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A Business Asset operating in Upstream branch of Oil & Gas Industry.
The
and consisting of:
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The key operational Product of Petroleum Asset is commercial petroleum delivered to the point of the Custody Transfer.
Additionally, Petroleum Asset can sell other Products, usually various petroleum Services.
The key Fixed Assets of Petroleum Asset are:
| Petroleum Fields | Subsurface facilities | Surface facilities | 4. Field Development Plan | 5. Cash balance | 6. Accounts receivable |
Petroleum Asset is run by Petroleum Asset Team in the interest of Asset owners.
The usual practise is to create Field Development Plan and run operations along.
Petroleum Asset Summary provides a high level review of the Petroleum Asset which comprises the minimum number of inputs to assess its profitability and potential capital value.
See also
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Business / Business Administration / Financial Management / Business Asset
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