Geological Risk And Uncertainty In Oil Exploration


Geological Risk And Uncertainty In Oil Exploration
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Geological Risk And Uncertainty In Oil Exploration


Geological Risk And Uncertainty In Oil Exploration
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Author : Ian Lerche
language : en
Publisher: Academic Press
Release Date : 1997

Geological Risk And Uncertainty In Oil Exploration written by Ian Lerche and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Science categories.


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.



Risk Analysis And Management Of Petroleum Exploration Ventures


Risk Analysis And Management Of Petroleum Exploration Ventures
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Author : Peter R. Rose
language : en
Publisher:
Release Date : 2001

Risk Analysis And Management Of Petroleum Exploration Ventures written by Peter R. Rose and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.




Computing Risk For Oil Prospects Principles And Programs


Computing Risk For Oil Prospects Principles And Programs
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Author : J.W. Harbaugh
language : en
Publisher: Elsevier
Release Date : 1995-11-22

Computing Risk For Oil Prospects Principles And Programs written by J.W. Harbaugh and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-11-22 with Science categories.


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.



Evaluation Of Uncertainties And Risks In Geology


Evaluation Of Uncertainties And Risks In Geology
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Author : György Bardossy
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-04-17

Evaluation Of Uncertainties And Risks In Geology written by György Bardossy and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-17 with Science categories.


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.



Economic Risk In Hydrocarbon Exploration


Economic Risk In Hydrocarbon Exploration
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Author : Ian Lerche
language : en
Publisher: Elsevier
Release Date : 1999-01-08

Economic Risk In Hydrocarbon Exploration written by Ian Lerche and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-08 with Science categories.


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



Probability Methods In Oil Exploration


Probability Methods In Oil Exploration
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Author : John Warvelle Harbaugh
language : en
Publisher: John Wiley & Sons
Release Date : 1977

Probability Methods In Oil Exploration written by John Warvelle Harbaugh and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with Technology & Engineering categories.




Oil Exploration


Oil Exploration
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Author : Ian Lerche
language : en
Publisher: Academic Press
Release Date : 2012-12-02

Oil Exploration written by Ian Lerche and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-02 with Technology & Engineering categories.


This book presents quantitative procedures for assessing predictions of potential oil recovery (basin size, hydrocarbon content), and economic impact (exploration cost, production, transport, and refining). Emphasis is placed on advances made in analytical methods and improved techniques developed during the last decade.



The Value Of Outcrop Studies In Reducing Subsurface Uncertainty And Risk In Hydrocarbon Exploration And Production


The Value Of Outcrop Studies In Reducing Subsurface Uncertainty And Risk In Hydrocarbon Exploration And Production
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Author : M. B. J. Bowman
language : en
Publisher:
Release Date : 2016

The Value Of Outcrop Studies In Reducing Subsurface Uncertainty And Risk In Hydrocarbon Exploration And Production written by M. B. J. Bowman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Electronic book categories.


Field studies over a range of scales have been important in the upstream oil and gas industry for decades. Advances in digital outcrop characterization and data capture, coupled with increased computational capabilities, have resulted in a resurgence in fieldwork; these field studies are required to develop depositional, stratigraphic and structural concepts and provide the data which underpin the current generation of complex, computer generated, 3D subsurface models. These models provide an informed means of benchmarking the subsurface along with a more considered view of subsurface uncertainty and management of the risks identified. The papers in this volume cover safety in the field, frontier basin petroleum system assessment, field appraisal and development including unconventional resources, applications of techniques such as LiDAR and 3D photogrammetry, and uncertainty characterization. The studies were undertaken in diverse locations such as the Faroe Islands, Italy, Algeria, India, the USA and Trinidad; they represent a range of tectonic settings and a wide geological time frame. The spectrum of papers is testament to the value and integral position that fieldwork occupies within the modern hydrocarbon industry.



Inverse And Risking Methods In Hydrocarbon Exploration


Inverse And Risking Methods In Hydrocarbon Exploration
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Author : Ian Lerche
language : en
Publisher: multi-science publishing
Release Date : 2005

Inverse And Risking Methods In Hydrocarbon Exploration written by Ian Lerche and has been published by multi-science publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Science categories.


This book looks at how modern developments have enhanced the utility of basin analysis in hydrocarbon exploration. A major factor is modern computing power, which enables complex Monte Carlo-type calculations to be rapidly carried out; a second is the transfer of concepts from the economic arena to the theatre of hydrocarbon production, for example setting risking procedures to cope with data uncertainties. In addition now there are available powerful methods for handling the determination of parameters in the highly non-linear world of equations describing various facets of basin analysis. Th.



Improving The Exploration Process By Learning From The Past


Improving The Exploration Process By Learning From The Past
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Author : K. Ofstad
language : en
Publisher: Elsevier
Release Date : 2000-07-07

Improving The Exploration Process By Learning From The Past written by K. Ofstad and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-07-07 with Technology & Engineering categories.


Learning by experience is both a part of the daily life and the exploration life. A systematic review of the past is essential to improve the exploration process by better managing risks and uncertainties. Learning through different disciplines has become a favoured technique. With new tools for interpretation and simulation, integration and data and the creation of cross-discipline teams, we can take major step forward in understanding the exploration task and its different elements. Global views and lessons learned on the Norwegian Continental Shelf on risk management and retrospective prospect assessment are presented in this book. Detailed exploration case histories from the Norwegian Continental Shelf documenting both positive and negative experiences and highlighting the benefits of integrated thinking and methods are presented. The impact of the application of various state-of-the art and developing technologies on portfolio management, opportunity evaluation and volumetric and risk assessment of prospects and discoveries are reviewed, and the future technological challenges in exploring the remaining hydrocarbon potential of the Norwegian continental Shelf are summarised.