A review of economic risking methods commonly used in hydrocarbon exploration
Abstract Three different risking methods for hydrocarbon exploration projects are discussed. The so-called Cozzolino procedure is shown to have the major drawback that it predicts less and less involvement should be taken in a project the greater the potential gains. The Kelly procedure circumvents...
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| Format: | Article |
| Language: | English |
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SpringerOpen
2018-12-01
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| Series: | Journal of Petroleum Exploration and Production Technology |
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| Online Access: | http://link.springer.com/article/10.1007/s13202-018-0602-9 |