Economic Risk in Hydrocarbon Exploration
- Ian Lerche, Dept. of Geological Sciences, University of South Carolina, Columbia, U.S.A.
- John MacKay, Texaco, Houston, Texas, U.S.A.
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.
Scientists, economists, and professionals concerned with exploiting the world's oil and gas resources; oil and gas company explorationists, strategic resource economists, and academic and private research scientists involved in quantitative geology problems or who deal with the economic risk associated with hydrocarbon exploration.