Economic risk in hydrocarbon exploration. (1999)

• Record Type: Book
• Further Information: Note: Ian Lerche, James A. MacKay.
• Other Names: Lerche, I (Ian); MacKay, James A
• Contents: Preface. Introduction. Risk Adjusted Value (RAV) and Working Interest. Uncertainty and Probability Estimates for Risk Adjusted Values and Working Interest. Portfolio Balancing and Risk Adjusted Values Under Constrained Budget Conditions. Similarity, Dependence and Correlation for Risk Adjusted Values and Working Interest. Modifications to Risk Aversion in High Gain Situations. Corporate Funding Requests, Fixed Budgets, and Cost Balancing. Maximizing Oil Field Profit in the Face of Uncertainty. The Value of Added Information: Categories of Worth. Counting Successes, and Bidding Statistics Analyses. Economic Model Uncertainties. Bayesian Updating of an Opportunity. Options in Exploration Risk Analysis. Appendix A: Numerical Methods and Spread Sheets. Epilogue: Summary. References.
• Publisher Details: Place of publication not identified : Academic Press
• Publication Date: 1999
• Extent: 1 online resource (404 pages)
• Subjects: 338.2; Petroleum industry and trade -- Finance -- Mathematical models; Prospecting -- Costs -- Mathematical models; Risk -- Mathematical models; Risk assessment; Petroleum -- Prospecting -- Economic aspects; Petroleum industry and trade -- Finance -- Mathematical models; Prospecting -- Costs -- Mathematical models; Risk -- Mathematical models; Petróleo (exploração;aspectos econômicos); Derivados de petróleo; Kohlenwasserstoffe; Exploration; Risiko; Wirtschaft
• Languages: English
• ISBNs: 9780080505008; 0080505007
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.