Resolving reservoir uncertainty to create value

Proceedings - SPE Annual Technical Conference and Exhibition

Volumn 1999-September, Issue , 1998, Pages 347-359

  Chorn, L G ^a   Croft, M ^a  

^a MOBIL TECHNOLOGY COMPANY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

INVESTMENTS; KNOWLEDGE BASED SYSTEMS; PETROLEUM PROSPECTING; VALUE ENGINEERING; ECONOMICS; INDUSTRIAL MANAGEMENT; NATURAL RESOURCES EXPLORATION; OIL FIELD DEVELOPMENT; OIL WELL PRODUCTION; PERFORMANCE; PETROLEUM INDUSTRY;

DISCOUNTED CASH FLOW; EXPLORATION AND PRODUCTIONS; INCREMENTAL INVESTMENTS; INTEGRATED RESERVOIR CHARACTERIZATION; REAL OPTIONS ANALYSIS; RESERVOIR CHARACTERIZATION; RESERVOIR UNCERTAINTY; TECHNOLOGY APPLICATION;

UNCERTAINTY ANALYSIS; PETROLEUM RESERVOIRS;

DISCOUNTED FLOW ANALYSIS; REAL OPTION ANALYSIS;

EID: 0031644382     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.2118/49094-ms     Document Type: Conference Paper

References (5)

1. Chorn, L. G., and Best., D. A., Cullick, A.S., and Kalkomey, C. T., "A Model for Integrated Reservoir Characterization," 1995 International Energy Agency Meeting, Tokyo (1995).
2. Kulatilaka, N. and Marcus, A. J., "Project Valuation Under Uncertainty: When Does DCF Fail?", The Continental Bank Journal of Applied Corporate Finance. 5, no. 3 (1992).
3. Dixit, A. K. and Pindyck, R. S., Investment Under Uncertainty. Princeton University Press, Princeton, New Jersey (1994).
4. Lohrenz, J. and Dickens, R. N., "Option Theory for Evaluation of Oil and Gas Assets: The Upsides and Downsides", SPE 25837, SPE Hydrocarbon Economics and Evaluation Symposium (1993).
5. Chorn, L. G. and Carr, P. P., "The Value of Purchasing Information to Reduce Risk in Capital Investment Projects," paper 37948 presented at the 1997 SPE Hydrocarbon Economics and Evaluation Symposium, Dallas, TX, March 16-18.