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What is Types of Risk in Oil & Gas Operations about?

The document discusses three main types of risk for oil and gas projects: mechanical risk, depletion risk, and geologic risk. Mechanical risk depends on factors like the condition of equipment, operating experience, and use of new technologies. Depletion risk is influenced by the number of offset wells, recovery percentages achieved to date, and drive mechanisms. Geologic risk considers whether a project is development or exploration, presence of traps and seals, and uncertainties around hydrocarbon volumes

Author

rafael

Language

EN