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Risk and Uncertainty in Oil Exploration by ogilinvestment is a document available to read on EtoBox.
What is Risk and Uncertainty in Oil Exploration about?
The document discusses the concepts of risk and uncertainty in oil and gas exploration, emphasizing the importance of understanding the probability of success (POS) and the characteristics of potential discoveries. It outlines how to assess chance factors, the significance of technical success, and the implications of probabilistic evaluations on volume estimates. Key messages highlight the need for geologists to translate geological insights into quantifiable metrics for effective decision-making.
- Author
- ogilinvestment
- Language
- EN