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Portfolio Selection in an Oil and Gas Company

ФИО студента: Aleksandr Lazarev

Руководитель: Igor Tsarkov

Кампус/факультет: Graduate School of Business

Программа: Business Administration (Bachelor)

Год защиты: 2021

This study is aimed at solving the portfolio tasks of oil and gas companies with a large and diverse portfolio of projects. The main purpose of this study is to form an investment portfolio of projects of an oil and gas company with the possibility of optimizing and maximizing profits. To do this, we will use methods of theoretical analysis of the existing theoretical framework for project management both in general and in the oil and gas industry, methods of investment modeling, where a financial model will be created for some projects. The model will use ranking and balancing methods based on economic indicators: net present value (NPV), internal rate of return (IRR), PI, and DPP. The ranking will also be based on the following parameters: the level of risk, the level of sensitivity to external and internal factors, and strategic significance. The balancing will be based on the project selection criteria and relevance to the established investment restrictions and requirements on the part of the company. The main sources of information for the research and formation of the investment portfolio of projects will be scientific articles, existing models and methodologies of companies in the field of investment portfolio management. The practical part will use the experience of implementing such projects by the company, macro parameters allocated by the company, classifications, as well as the prerequisites formed and used by the company. The project portfolio model formed on the basis of the study will reflect all the key indicators and selected projects. Based on the results of the analysis using this model, as well as the formed recommendations for working with projects, the company will make a final decision on the inclusion or exclusion of projects from its project portfolio, taking into account the current resource and financial condition of the company to further maximize profits, reduce risks, depend on external and internal factors, as well as the overall picture of the project portfolio in accordance with the implementation of the company's development strategy.

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