Economic Risk in Hydrocarbon Exploration provides a total framework forassessing the uncertainties associated with exploration risk from beginning toend. Numero... » 

Economic Risk in Hydrocarbon Exploration provides a total framework forassessing the uncertainties associated with exploration risk from beginning toend. Numerous examples with accompanying microcomputer algorithms illustratehow to quantitatively approach economic risk. The text compares detailedassumptions and models of economic risk and presents numerical examplesthroughout to facilitate handson calculations using popular spreadsheetpackages on personal computers.Key Features Covers economic risk from exploration through production modelsBrings methods to a level where all can be done on a PC Analyzes numericalexamples from the real world Removes mystery from how economics is doneAddresses assumptions in models and shows how they influence projections «