Risk Analysis And Management Of Petroleum Exploration Ventures

Risk Analysis is a comprehensive, fully integrated, state-of-the-art treatise covering the objective evaluation of exploratory drilling ventures and key concepts for efficient, profitable management of such projects. The book has a strong practical orientation, setting forth sound, tested principles and procedures, with simple, effective explanations of the underlying concepts.Make E&P uncertainty your friend, not your enemy Estimate prospect reserves, rates, and costs objectivelyEstimate the chance of prospect success responsibly Evaluate new plays as full-cycle economic business ventures Determine the best 'economic yardsticks'Manage E&P by managing the E&P portfolioDetermine what share of a venture you should takeDiscover how to avoid the 'winner's curse' in biddingLearn how to evaluate your firm's geotechnical performanceLearn effective risk-analysis procedures developed by other companies