By
Ian Lerche, Dept. of Geological Sciences, University of South Carolina, Columbia, U.S.A.
John MacKay, Texaco, Houston, Texas, U.S.A.
Description
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.
Audience:
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.
