for a quantitative appreciation of data in all areas of exploration and production, situations where variation and production, situations where variation and uncertainties in variables are. These uncerta in ties orig in ated from geological models and coupled with economic and eng in eer in g models in volve high-risk decision scenarios, with no guarantee of successfully discover in g and develop in g hydrocarbons resources. Google Scholar, harbaugh,. Google Scholar, journel,. E., and others, eds., Quantitative analysis of mineral energy resources: Dordrecht, Reidel. Such a model includes two probabilistic components, the first reflecting the association between a geologic condition (structural closure, for example) and the occurrence of oil, and the second reflecting the uncertainty associated with the estimation of geologic variables in areas of limited control. It is therefore not surprising that project feasibility and economic analysis methods project feasibility and economic analysis methods are becoming more elaborate, methods that take proper account of uncertainties and risks in all proper account of uncertainties and risks in all aspects of a project. The data involves a set of wildcat wells in a gas play.
Google Scholar, deutsch,. 1977 Plenum Publishing Corp. Additional publication details, publication type, article. The recent development of geostatistical simulation techniques provides an effective means to the generation of a full uncertainty model for any random variable. On the other h and, economic evaluations have uncerta in ties related to costs, probability of f in d in g and produc in g economi- 1 Exploration and production of hydrocarbons in this paper encompass all the activities, such as: bas in and play. Publication Subtype, journal Article, title, estimation of the probability of success in petroleum exploration.
The technique is illustrated with case histories from the mid-Continent area of the.S.A? DOI.1007/BF02047411, volume 9, issue 4, year Published 1977, language, english, publisher location. Thematic contribution Suslick,.B., Schiozer,., Rodriguez,.R. Kluwer Academic Publishers-Plenum Publishers, larger Work Type, article. Uncerta inty and, risk, analysis in, petroleum, exploration and, production Saul. Risk can be viewed as the product of chance and (negative) result, the chance of failure (inadequacy) when compared to all likely events (occurrences).
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