Computing risk for oil prospects : principles and programs

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 mor...

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Bibliographic Details
Main Author Harbaugh, John Warvelle, 1926-2019
Other Authors Davis, John C., Wendebourg, Johannes
Format Electronic eBook
LanguageEnglish
Published Oxford : Pergamon, ©1995.
Edition1st ed.
SeriesComputer methods in the geosciences ; 14.
Subjects
Petroleum > Prospecting > Data processing.
Risk assessment > Data processing.
elektronické knihy
electronic books
Online AccessFull text
ISBN008052950X
9780080529509
9780080418902
0080418902
1281071935
9781281071934
Physical Description1 online resource (xii, 452 pages) : illustrations, maps

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Table of Contents:
  • 1. The Challenge of Risk Assessment
  • 2. Field Size Distributions
  • 3. Success, Sequence, and Gambler's Ruin
  • 4. Estimating Discovery Size from Prospect Size
  • 5. Outcome Probabilities and Success Ratios
  • 6. Modeling Prospects
  • 7. Mapping Properties and Uncertainties
  • 8. Discriminating Discoveries and Dry Holes
  • 9. Forecasting Cash Flow for a Prospect
  • 10. The Worth of Money
  • 11. RATs, Decision Tables, and Trees
  • 12. Bringing It Together
  • Appendix A
  • Software Installation of Risk: Software to perform probabilistic assements and financial calculations in Computing Risk for Oil Prospects
  • Appendix B
  • Riskstat Manual: Linked Computer programs that perform statistical analyses in Risk
  • Appendix C
  • Riskmap Manual: Programs that perform the mapping function in Risk
  • Appendix D
  • Risktab Manual: Linked computer programs that perform financial calculations in Risk.

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