... instances of the quantity, derived from observed data . That both are represented by ‘distributions’ is a major source of confusion, which can lead to uncritical adoption of frequency distributions to represent uncertainty, and thus to erroneous risk assessments and bad decisions. For example...

... Abstract Investing in an oil and gas field is capital intensive and usually involves many risks. Nevertheless, the economic evaluations of these types of investment opportunities often ignore risk or are based on subjective risk assessments that are frequently biased. Furthermore, as the life...

... reduce the range of results. simulation reservoir tendency artificial intelligence correlation reserves evaluation upstream oil & gas probabilistic analysis probabilistic model construction risk and uncertainty assessment probability evaluator architecture porosity risk...

... construction and operationinstead of Public sources. To that end, we will discuss a possible Risk Management process, whichencloses the Loss matrix for risk assessment, in order to evaluate the worstloss scenario that can impact the cash flow of the business, which isstructured by Project Finance modeling...

.... Krayenbuehl 10 discussed conventional mthods in detail, heavily emphasizing taxonomy. Subjective vs. Quantitative Observational vs. Expert-Generated Unconstrained vs. Systematized/Structured Kobrin 8 implicitly defined several spectra for categorizing political risk assessment...

... multiple prospect opportunity monte carlo simulation geologic risk wang spe 52977 scenario spe 52977 upstream oil & gas evaluation strategic planning and management exploration appraisal risk risk assessment probability commercial threshold risk management asset and portfolio management...

... Intelligence Upstream Oil & Gas Risk analysis risk management reserves evaluation limitation risk assessment risk and uncertainty assessment alternative approach conventional probabilistic method Introduction The purpose of this paper is to provoke contemplation of probabilistic risk...

... of the West Africa Aptian Salt Basins play in the 1980s. Angola, Congo and Gabon all contain examples where failure to consider strategic risk ultimately resulted in "Gambler's Ruin". competitive advantage external opportunity classification strategic risk analysis strategic risk risk assessment...

... data risk management investment calculation country risk host nation risk assessment election 0 risk and uncertainty assessment political risk economic country risk factor chile risk factor conclusion investor united states government information assumption banking & finance...

... consequence american institute mobil accident risk management risk analysis frequency risk assessment recommendation application fault tree procedure chemical engineer deviation canada government mobil oil canada united states government event institute oil industry spe 22035...

... or quantified. Between these extremes lie complex reservoirs -- reservoirs so heterogeneous that each well drilled could exhibit production characteristics unlike those of its neighbors. This paper illustrates the use of a risk assessment methodology in a case study of Fruitland coal prospects in the San Juan...

... interest payment upstream oil & gas financing lender assumption evaluation discount rate investment united states government obligation npv category capital risk assessment banking & finance assessment taxation law north sea table 1 expenditure arrangement investor table 2...

... Worth of the Net Cash are also provided. The report includes the schedules, an economic analysis summary, and the detailed economic calculations. risk management Project economics investment asset and portfolio management risk assessment Modeling & Simulation project valuation...

... and uncertainty assessment Reservoir Surveillance strategic planning and management risk management Drillstem Testing Upstream Oil & Gas project loan projection porosity FMV Reservoir Risk procedure determination large-scale development project risk assessment calculation lender evaluation...