Decision Analysis for Petroleum Exploration - Hardcover

Newendorp, Paul D.

Hardcover

ISBN 10: 0966440110 ISBN 13: 9780966440119

Publisher: Planning Pr, 2000

Synopsis

This is an update of the 1975 best-selling text, which became the standard reference in the field. This book introduces the reader to ways of applying risk and decision ysis to the ysis of investment decisions under uncertainty in petroleum exploration.
Topics covered in the book represent a composite of evaluation practices and problem-solving approaches used throughout the world. Several ideas and concepts were first published in the first edition of this book.
Decision ysis methods apply to any type of business investment decision. The emphasis in this book is on quantitative methods useful in petroleum exploration decisions. The book will be of special interest to anyone involved in the evaluation of property acquisitions, geophysical surveys, and prospect drilling decisions: petroleum geologists, engineers, geophysicists and managers. A mathematical or statistical background is not required to follow the practical, applications-oriented discussions.

About this title

About the Author

PAUL D. NEWENDORP Paul began his career in 1959 as a petroleum engineer for Pan American Petroleum Corporation (later Amoco Production Company). During educational leaves of absence he completed his MS and Doctorate degrees in Petroleum Engineering from the University of Oklahoma. In 1968, he developed a two-week short course on petroleum exploration economics and risk analysis. The course was based, in part, on his Doctoral research on decision theory and earlier industry work experience. For the next 21 years, Paul traveled throughout the world teaching his short course, “Decision Analysis for Petroleum Exploration.” During his career, Paul was an active member of the Society of Petroleum Engineers. He served in various leadership roles and received numerous awards, including the SPE Section Service Award. In 1987-1988 he was appointed an SPE Distinguished Lecturer. He was also an associate member of the American Association of Petroleum Geologists. JOHN R. SCHUYLER John attended Paul’s two-week course in 1978. Upon Paul’s retirement in 1988, with Paul's encouragement, John developed a successor course in petroleum decision analysis. He has presented over 300 short courses in 34 countries on six continents. Since 1990, John has been associated with PetroSkills and OGCI. His work experience includes VP and petroleum evaluation engineer for Security Pacific Bank, Manager-Business Systems for Cities Service Co.'s Petrochemicals Division, Sr. Management Consultant with a national CPA firm, Planning and Evaluation Analyst for Cities Service Oil Company, and VP-Administration, CFO, and co-founder of a small commercial products company. John holds B.S. and M.S. degrees in Mineral-Engineering Physics from Colorado School of Mines and an MBA from University of Colorado at Boulder. His professional designations include CAM, CCE, CMA, CMC, CPIM, PE (Colorado), and PMP. He is a member of AACEI, IMA, IMC, INFORMS, PMI, RMAG, SPE and SPEE. He has written over 40 articles and handbook chapters published in the professional literature and is the author of "Risk and Decision Analysis in Projects" published by Project Management Institute.

Edition details

• Publisher: Planning Pr
• Publication date: 2000
• Language: English
• ISBN 10: 0966440110
• ISBN 13: 9780966440119
• Binding: Hardcover
• Edition number: 2