Economic Risk in Hydrocarbon Exploration - Hardcover

Lerche, Ian; Mackay, James A.

Hardcover

ISBN 10: 0124441653 ISBN 13: 9780124441651

Publisher: Academic Press, 1999

Synopsis

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.

• Covers economic risk from exploration through production models
• Brings methods to a level where all can be done on a PC
• Analyzes numerical examples from the real world
• Removes "mystery" from how economics is done
• Addresses assumptions in models and shows how they influence projections

About this title

About the Author

C. Ian Lerche is the author of more than 500 papers and has received numerous awards, including the Levorsen Award of the AAPG, the Nordic Professorship inPetroleum Geology, and the French Academie des Sciences Professorship in Geology. He has been a professor of geology in the Department of Geological Sciences at the University of South Carolina since 1984, and was associate chairman of the department 1985–1989. Between 1965–1981 he held positions of research associate, assistant professor, and associate professor at the University of Chicago. From 1981–1984 he worked as a senior scientist at Gulf Research and Development Co. He received a B.Sc. in physics in 1962 and a Ph.D. in astronomy in 1965 from the University of Manchester.

From the Back Cover

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 quantitiatively approach economic risk. Detailed assumptions and models of economic risk are thoroughly compared. Numerical examples are given throughout to facilitate hands-on calculations using popular spreadsheet packages on personal computers.

Edition details

• Publisher: Academic Press
• Publication date: 1999
• Language: English
• ISBN 10: 0124441653
• ISBN 13: 9780124441651
• Binding: Hardcover
• Number of pages: 424