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Information Technology Journal
Year: 2013  |  Volume: 12  |  Issue: 14  |  Page No.: 3010 - 3014

Influence of Geological Factors on the Economic Benefits of Coalbed Methane Development

Yan Liu and Dongkun Luo    

Abstract: China has abundant CBM resource, due to technical restraints, not all CBM resources are suitable for development. In that case, one crucial problem faced by the decision makers is how to select the CBM areas which suit best for further exploration and development. In different kinds of optimal selection methods, geological factors play an important role. Generally, geological factors are scored by expert estimation, in order to determine each of their weights in the optimal selection. However, the treatment of weight determination for those factors is rather subjective, lacking objective basis. For that matter, this study analyzes the correlation between NPV and four geological factors, aiming at finding their influences on economic results of CBM development. The study will provide an objective basis for determining the weight for each geological factor in CBM enriched areas optimal selection.

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