Economic Risk in Hydrocarbon Exploration by Ian Lerche,John A. MacKay

By Ian Lerche,John A. MacKay

Economic possibility in Hydrocarbon Exploration presents a complete framework for assessing the uncertainties linked to exploration danger from commencing to finish. a variety of examples with accompanying microcomputer algorithms illustrate the way to quantitatively method monetary threat. The textual content compares specified assumptions and types of financial threat, and provides numerical examples all through to facilitate hands-on calculations utilizing renowned spread-sheet applications on own computers.

  • Covers financial danger from exploration via creation models
  • Brings the right way to a degree the place all might be performed on a PC
  • Analyzes numerical examples from the genuine world
  • Removes "mystery" from how economics is done
  • Addresses assumptions in types and exhibits how they impression projections

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