Prospect evaluation and risk assessment are fundamental components of the exploration workflow, forming the basis for investment decisions, portfolio ranking, and exploration strategy. A well-structured evaluation ensures that subsurface uncertainties are systematically analyzed and that the probability of commercial success …
Prospect Evaluation and Risk Assessment in Oil & Gas Exploration Prospect evaluation and risk assessment are fundamental components of the exploration workflow, forming the basis for investment decisions, portfolio ranking, and exploration strategy. A well-structured evaluation ensures that subsurface uncertainties …
Petroleum Economics: Principles, Methods, and Strategic Importance Petroleum economics is the discipline that evaluates the financial viability and value of oil and gas projects. It integrates technical results from exploration, development, and production with economic, commercial, and fiscal factors to …