Petroleum Economics and Risk Analysis

Petroleum Economics and Risk Analysis

A Practical Guide to E&P Investment Decision-Making

1st Edition - January 29, 2021

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  • Author: Mark Cook
  • Paperback ISBN: 9780128211908
  • eBook ISBN: 9780128232064

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Petroleum Economics and Risk Analysis: A Practical Guide to E&P Investment Decision-Making, Volume 69, is a practical guide to the economic evaluation, risk evaluation and decision analysis of oil and gas projects through all stages of the asset lifecycle, from exploration to late life opportunities. This book will help readers understand and make decisions with regard to petroleum investment, portfolio analysis, discounting, profitability indicators, decision tree analysis, reserves accounting, exploration and production (E&P) project evaluation, and E&P asset evaluation.

Key Features

  • Includes case studies and full color illustrations for practical application
  • Arranged to reflect lifecycle structure, from exploration through to decommissioning
  • Demonstrates industry-standard decision-making techniques as applied to petroleum investments in the oil and gas industry


Petroleum economists, petroleum engineers, asset managers, investment bankers

Table of Contents

  • 1. Introduction

    2. Trends in global energy supply and demand

    3. Gaining access to E&P opportunity

    4. Exploration

    5. Appraisal planning

    6. Project cash flow

    7. Economic indicators from the DCF

    8. Risk analysis and decision making for development

    9. Incremental projects and decommissioning

    10. Portfolio management

Product details

  • No. of pages: 366
  • Language: English
  • Copyright: © Elsevier 2021
  • Published: January 29, 2021
  • Imprint: Elsevier
  • Paperback ISBN: 9780128211908
  • eBook ISBN: 9780128232064

About the Author

Mark Cook

Mark Cook has been in the oil and gas industry since 1981. He spent eleven years with Shell International working as a reservoir engineer in a variety of locations world-wide and has worked on exploration prospect evaluation, field development planning and production operations. After completing an MBA, he left Shell to co-found TRACS International, providing training and consultancy services to the industry, and worked as petroleum engineer and company Director. When TRACS was acquired by AGR Petroleum Services, he managed the UK and Russian Reservoir Management businesses until 2011. He is active in reserves evaluation for clients including international oil companies, small to medium enterprises. Mark has written and delivers a series of training courses in reservoir engineering, risk analysis and petroleum economics. He is co-author of the popular “Hydrocarbon Exploration and Production” textbook, a SPE Distinguished Lecturer and guest lecturer in petroleum engineering at Aberdeen University, Heriot-Watt University and University College Dublin.

Affiliations and Expertise

TRACS International, Aberdeen, Scotland, UK

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  • HAI H. Wed Feb 23 2022

    Excellent book and services from

    Excellent book and services from Elsevier Store.