Geological Risk and Uncertainty in Oil Exploration

Geological Risk and Uncertainty in Oil Exploration PDF Author: Ian Lerche
Publisher: Academic Press
ISBN: 9780124441743
Category : Science
Languages : en
Pages : 678

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Book Description
The subsequent incorporation of model uncertainties into probabilistic models of basin evolution and behavior constitutes the second half of this book. Throughout, the author interweaves a discussion of scientific probability, risk, and strategy within the context of improving our ability to assess strategic hydrocarbon resources.

Geological Risk and Uncertainty in Oil Exploration

Geological Risk and Uncertainty in Oil Exploration PDF Author: Ian Lerche
Publisher: Academic Press
ISBN: 9780124441743
Category : Science
Languages : en
Pages : 678

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Book Description
The subsequent incorporation of model uncertainties into probabilistic models of basin evolution and behavior constitutes the second half of this book. Throughout, the author interweaves a discussion of scientific probability, risk, and strategy within the context of improving our ability to assess strategic hydrocarbon resources.

Evaluation of Uncertainties and Risks in Geology

Evaluation of Uncertainties and Risks in Geology PDF Author: György Bardossy
Publisher: Springer Science & Business Media
ISBN: 366207138X
Category : Science
Languages : en
Pages : 230

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Book Description
High levels of uncertainty are a trademark of geological investigations, such as the search for oil, diamonds, and uranium. So business ventures related to geology, such as mineral exploration and mining, are naturally associated with higher risks than more traditional entrepreneurial ventures in industry and economy. There are also a number of dangerous natural hazards, e.g. earthquakes, volcanic activities, and inundations, that are the direct result of geological processes. It is of paramount interest to study them all, to describe them, to understand their origin and - if possible - to predict them. While uncertainties, geological risks and natural hazards are often mentioned in geological textbooks, conferences papers, and articles, no comprehensive and systematic evaluation has so far been attempted. This book, written at an appropriately sophisticated level to deal with complexity of these problems, presents a detailed evaluation of the entire problem, discussing it from both, the geological and the mathematical aspects.

Risk Analysis and Management of Petroleum Exploration Ventures

Risk Analysis and Management of Petroleum Exploration Ventures PDF Author: Peter R. Rose
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 192

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Book Description


Computing Risk for Oil Prospects: Principles and Programs

Computing Risk for Oil Prospects: Principles and Programs PDF Author: J.W. Harbaugh
Publisher: Elsevier
ISBN: 9780080529509
Category : Science
Languages : en
Pages : 451

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Book Description
The petroleum industry is enduring difficult financial times because of the continuing depressed price of crude oil on the world market. This has caused major corporate restructuring and reductions in staff throughout the industry. Because oil exploration must now be done with fewer people under more difficult economic constraints, it is essential that the most effective and efficient procedures be used. Computing Risk for Oil Prospects describes how prospect risk assessment — predicting the distribution of financial gains or losses that may result from the drilling of an exploration well — can be done using objective procedures implemented on personal computers. The procedures include analyses of historical data, interpretation of geological and geophysical data, and financial calculations to yield a spectrum of the possible consequences of decisions. All aspects of petroleum risk assessment are covered, from evaluating regional resources, through delineating an individual prospect, to calculation of the financial consequences of alternative decisions and their possible results. The bottom lines are given both in terms of the probable volumes of oil that may be discovered and the expected monetary returns. Statistical procedures are linked with computer mapping and interpretation algorithms, which feed their results directly into routines for financial analysis. The programs in the included library of computer programs are tailored to fit seamlessly together, and are designed for ease and simplicity of operation. The two diskettes supplied are IBM compatible. Full information on loading is given in Appendix A - Software Installation. Risk I diskette contains data files and executables and Risk 2 diskette contains only executables. The authors contend that the explorationist who develops a prospect should be involved in every facet of its analysis, including risk and financial assessments. This book provides the tools necessary for these tasks.

Economic Risk in Hydrocarbon Exploration

Economic Risk in Hydrocarbon Exploration PDF Author: Ian Lerche
Publisher: Elsevier
ISBN: 0080505007
Category : Science
Languages : en
Pages : 421

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Book Description
Economic Risk in Hydrocarbon Exploration provides a total framework for assessing the uncertainties associated with exploration risk from beginning to end. Numerous examples with accompanying microcomputer algorithms illustrate how to quantitatively approach economic risk. The text compares detailed assumptions and models of economic risk, and presents numerical examples throughout to facilitate hands-on calculations using popular spread-sheet packages on personal computers. Covers economic risk from exploration through production models Brings methods to a level where all can be done on a PC Analyzes numerical examples from the real world Removes "mystery" from how economics is done Addresses assumptions in models and shows how they influence projections

Technical Guidance for Petroleum Exploration and Production Plans

Technical Guidance for Petroleum Exploration and Production Plans PDF Author: Tarek Al-Arbi Omar Ganat
Publisher: Springer Nature
ISBN: 3030452506
Category : Technology & Engineering
Languages : en
Pages : 101

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Book Description
This book presents detailed explanations of how to formulate field development plans for oil and gas discovery. The data and case studies provided here, obtained from the authors’ field experience in the oil and gas industry around the globe, offer a real-world context for the theories and procedures discussed. The book covers all aspects of field development plan processes, from reserve estimations to economic analyses. It shows readers in both the oil and gas industry and in academia how to prepare field development plans in a straightforward way, and with substantially less uncertainty.

Probability Methods in Oil Exploration

Probability Methods in Oil Exploration PDF Author: John Warvelle Harbaugh
Publisher: John Wiley & Sons
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 296

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Book Description


Decision Analysis for Petroleum Exploration

Decision Analysis for Petroleum Exploration PDF Author: Paul D. Newendorp
Publisher: Createspace Independent Publishing Platform
ISBN: 9781548995546
Category :
Languages : en
Pages : 198

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Book Description
Decision Analysis for Petroleum Exploration By Paul D. Newendorp

Development Geology Reference Manual

Development Geology Reference Manual PDF Author: Diana Morton-Thompson
Publisher: AAPG
ISBN: 0891816607
Category : Computers
Languages : en
Pages : 551

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Book Description


Decisions Under Uncertainty

Decisions Under Uncertainty PDF Author: Charles Jackson Grayson (Jr.)
Publisher:
ISBN:
Category : Decision making
Languages : en
Pages : 436

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Book Description