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Economic Risk in Hydrocarbon Exploration

by Lerche, Ian Lerche, I.

  • ISBN: 9780124441651
  • ISBN10: 0124441653

Economic Risk in Hydrocarbon Exploration

by Lerche, Ian Lerche, I.

  • Binding: Hardcover
  • Publisher: Academic Press
  • Publish date: 01/01/1999
  • ISBN: 9780124441651
  • ISBN10: 0124441653
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Description: Exploration for hydrocarbons is a high risk venture. As petroleum corporations struggle to maximize gains and minimize costs and failures (dry holes), the industry seeks to develop better models of financial risk assessment. Economic Risk in Hydrocarbon Exploration addresses this informational need by identifying and quantifying the various sources of economic risk with analytic assessment models. The text facilitates better decision-making by providing a sound framework to evaluate the various economic uncertainties of hydrocarbon exploration.
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