Risk Analysis And Management Of Petroleum Exploration Ventures

During the 1990s, many international petroleum companies improved their exploration performance significantly by using principles of risk analysis and portfolio management, in combination with new geotechnologies.

This new edition of the Standard Handbook of Petroleum and Natural Gas Engineering provides you with the best, state-of-the-art coverage for every aspect of petroleum and natural gas engineering. With thousands of illustrations and 1,600 information-packed pages, this text is a handy and valuable reference. Written by over a dozen leading industry experts and academics, the Standard Handbook of Petroleum and Natural Gas Engineering provides the best, most comprehensive source of petroleum engineering information available. Now in an easy-to-use single volume format, this classic is one of the true "must haves" in any petroleum or natural gas engineer's library. A classic for the oil and gas industry for over 65 years! A comprehensive source for the newest developments, advances, and procedures in the petrochemical industry, covering everything from drilling and production to the economics of the oil patch Everything you need - all the facts, data, equipment, performance, and principles of petroleum engineering, information not found anywhere else A desktop reference for all kinds of calculations, tables, and equations that engineers need on the rig or in the office A time and money saver on procedural and equipment alternatives, application techniques, and new approaches to problems

The progression of risk management techniques provides the crucial applications and benefits to all of society. By analyzing the current trends and techniques used to assess and mitigate risks, safer processes can be used for all professional fields, as well as society as a whole. Novel Six Sigma Approaches to Risk Assessment and Management is a vital scholarly resource that provides an in-depth examination on innovative Six Sigma methods for risk mitigation initiatives. Featuring an array of relevant topics such as project management, production scheduling, information systems security, and agricultural planning, this is an ideal reference book for professionals, academicians, students, and researchers interested in detailed research on recent advancements in the management of risk in all fields.

This book explains in detail how to use oil and gas show information to find hydrocarbons. It covers the basics of exploration methodologies, drilling and mud systems, cuttings and mud gas show evaluation, fundamental log analysis, the pitfalls of log-calculated water saturations, and a complete overview of the use of pressures to understand traps and migration, hydrodynamics, and seal and reservoir quantification using capillary pressure. Also included are techniques for quickly generating pseudo-capillary pressure curves from simple porosity/permeability data, with examples of how to build spreadsheets in Excel, and a complete treatment of fluid inclusion analysis and fluid inclusion stratigraphy to map migration pathways. In addition, petroleum systems modeling and fundamental source rock geochemistry are discussed in depth, particularly in the context of unconventional source rock evaluation and screening tools for entering new plays. The book is heavily illustrated with numerous examples and case histories from the author’s 37 years of exploration experience. The topics covered in this book will give any young geoscientist a quick start on a successful career and serve as a refresher for the more experienced explorer.

This book provides a comprehensive guide to risk analysis for exploration portfolio development in the petroleum industry. From the prospect of resource discovery to the evaluation of exploration activities, the author offers practical methods and tools for risk assessment and decision-making. Examples and case studies are presented throughout the book to illustrate the application of these techniques. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Many governments rely on oil companies to efficiently exploit natural resources. Governments have the challenging task of deciding which companies should be awarded exclusive rights to explore, develop, and produce their petroleum resources, and on what conditions such rights should be awarded. This paper analyzes the available evidence on the advantages and disadvantages of various systems used by petroleum-producing countries to allocate petroleum exploration, development, and production rights, and considers the policy implications of each system. The experience of six petroleum-producing countries is presented in detail, and numerous other examples are provided to derive lessons of wider applicability. The paper presents various conclusions for policy makers about the optimal design of allocation systems.