UID:
almahu_9948026522102882
Umfang:
1 online resource (421 p.)
Ausgabe:
1st ed.
ISBN:
1-281-04673-6
,
9786611046736
,
0-08-050500-7
Inhalt:
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.Key Features* Covers economic risk from exploration through production models* Brings methods to a
Anmerkung:
Description based upon print version of record.
,
Front Cover; Economic Risk in Hydrocarbon Exploration; Copyright Page; Contents; Preface; CHAPTER 1. INTRODUCTION; I. Overview; II. Geologic Uncertainty; III. Some Statistical Concerns; IV. Geotechnical Estimates; V. Economic Estimates; VI. Risk Estimates; VII. Practical Concerns; CHAPTER 2. RISK-ADJUSTED VALUE AND WORKING INTEREST; I. Introduction; II. General Methods of Constructing Working Interest and RAV Formulas; III. A Numerical Illustration; IV. Negative Expected Values; V. Conclusions; CHAPTER 3. UNCERTAINTY AND PROBABILITY ESTIMATES FOR RISK-ADJUSTED VALUES AND WORKING INTEREST
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I. IntroductionII. RAV Estimates with Uncertainties; III. Discussion and Conclusions; CHAPTER 4. PORTFOLIO BALANCING AND RISK-ADJUSTED VALUES UNDER CONSTRAINED BUDGET CONDITIONS; I. Introduction; II. Deterministic Portfolio Balancing; III. Numerical Illustrations with Fixed Parameters: Comparison of Three Opportunities; IV. Probabilistic Portfolio Balancing; V. Numerical Illustrations with Variable Parameters; VI. Comparison of Parabolic and Cozzolino RAV Results; VII. Discussion and Conclusions; VIII. Appendix: Weighted RAV Optimization
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CHAPTER 5. SIMILARITY, DEPENDENCE , AND CORRELATlON CONSIDERATIONS FOR RISK-ADJUSTED VALUES AND WORKING INTERESTI. Introduction; II. General Arguments; III. Correlated Behavior; IV. Numerical Illustrations; V. Discussion and Conclusions; VI. Appendix: Cumulative Depth Considerations for a Single Opportunity; CHAPTER 6. MODIFICATIONS TO RISK AVERSION IN HIGH GAIN SITUATIONS; I. Introduction; II. Modifications to the Cozzolino RAV Formula; III. Discussion and Conclusions; IV. Appendix A: Modifying Risk Formulas; V. Appendix B: Modifications to the Parabolic Risk Aversion Formula
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CHAPTER 7. CORPORATE FUNDING REQUESTS, FIXED BUDGETS, AND COST BALANCINGI. Introduction; II. Specific Project Requests; III. General Project Requests; IV. Multiple Requests, Fixed Budgets, and Funding Strategies; V. Appendix: Approximate Probability Behavior for B 〈 Bo; CHAPTER 8. MAXIMIZING OIL FIELD PROFIT IN THE FACE OF UNCERTAINTY; I. Introduction; II. Nind's Formula for Present-Day Worth; III. Probability and Relative Importance; IV. Numerical Example; V. Discussion and Conclusions; CHAPTER 9. THE VALUE OF ADDED INFORMATION: CATEGORIES OF WORTH; I. Introduction
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II. Increased Expected Value and Decreased UncertaintyIII. Constant or Decreased Expected Value and Decreased Uncertainty; IV. Unanticipated Benefits of Data Acquisition; CHAPTER 10. COUNTING SUCCESSES AND BIDDING STATISTICS ANALYSES; I. Introduction; II. Corporate Successes and Failures: Simpson's Paradox; III. Bid Analysis and Inferred Corporate Strategies for Lease Sale; IV. Block Statistics for Lease Sale 157 and Bid Ratios; V. What Is a Bid Worth?; CHAPTER 11. ECONOMIC MODEL UNCERTAINTIES; I. Introduction; II. A Simple Production Model; III. A Simple Economic Model
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IV. Combined Production and Economic Models
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English
Weitere Ausg.:
ISBN 0-12-444165-3
Sprache:
Englisch
