Download or read book Statistical Decision and Related Techniques in Oil and Gas Exploration written by Gordon M. Kaufman and published by . This book was released on 1963 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Statistical Decision and Related Techniques in Oil and Gas Exploration written by Gordon M. Kaufman and published by . This book was released on 1963 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fractals in Petroleum Geology and Earth Processes written by C.C. Barton and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this unique volume, renowned experts discuss the applications of fractals in petroleum research-offering an excellent introduction to the subject. Contributions cover a broad spectrum of applications from petroleum exploration to production. Papers also illustrate how fractal geometry can quantify the spatial heterogeneity of different aspects of geology and how this information can be used to improve exploration and production results.
Download or read book Oil and Gas Exploration written by Thomas Kenneth Wignall and published by . This book was released on 1967 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Statistical Methods for Estimating Petroleum Resources written by P.J. Lee and published by Oxford University Press. This book was released on 2008-05-07 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes procedures for determining the total hydrocarbon (petroleum) resource or resource potential in a region. Statistical concepts and methods employed in petroleum resource assessment are the subject of the manuscript, extensively illustrated by numerous real case studies. Prof. Lee's computer-aided Petroleum Information Management and Resource Evaluation System (PETRIMES) methodology has been adopted by governments around the world and by major multinational oil companies to perform resource assessment and to predict future oil and gas production. Though this methodology is so widely used, there is no "user's guide" to it, and this book will be the definitive resource for PETRIMES users.
Download or read book The Size Distribution of Oil and Gas Fields Classic Reprint written by Gordon M. Kaufman and published by Forgotten Books. This book was released on 2018-03-02 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Size Distribution of Oil and Gas Fields Statistical decision theory is the mathematical analysis of decision problems in which uncertainty is a key element. Use of it can give the oil and gas operator ordered insight into the way exploration decisions should be made in order to achieve preassigned goals; e.g. Maximize the net expected present value of an exploratory drilling program. It does this by forcing the decision-maker to make explicit assumptions and judgements that are implicit in every such decision problem. In other words, statistical decision theory is a vehicle for rendering precise the key variables and relations among them that constitute the core of exploration problems. It is important to recognize, however, that people-22£ mathematical models-make decisions, so statistical decision theory is only an aid to decision-making, not a decision-making device. Rather than emphasize the specifics of how statistical decision theory comes into play in analysis of exploration problems, in this paper we will concentrate on illustrating how statistical methodology can be used to build a probabilistic cornerstone of mathematical models of some important exploration decision problems. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book A Study of Business Decisions Under Uncertainty written by Andreas Stark and published by Universal-Publishers. This book was released on 2010-07 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation will discuss the uncertainty encountered in the daily operations of businesses. The concepts will be developed by first giving an overview of probability and statistics as used in our everyday activities, such as the basic principles of probability, univariate and multivariate statistics, data clustering and mapping, as well as time sequence and spectral analysis. The examples used will be from the oil and gas exploration industry because the risks taken in this industry are normally quite large and are ideal for showing the application of the various techniques for minimizing risk. Subsequently, the discussion will deal with basic risk analysis, spatial and time variations of risk, geotechnical risk analysis, risk aversion and how it is affected by personal biases, and how to use portfolios to hedge risk together with the application of real options. Next, fractal analysis and its application to economics and risk analysis will be examined, followed by some examples showing the change in the Value at Risk under Fractal Brownian Motions. Finally, a neural network application is shown whereby some of these risks and risk factors will be combined to forecast the best possible outcome given a certain knowledge base. The chapters will discuss: Basic probability techniques and uncertainty principles Analysis and diversification for exploration projects The value and risk of information in the decision process Simulation techniques and modeling of uncertainty Project valuation and project risk return Modeling risk propensity or preference analysis of exploration projects Application of fractals to risk analysis Simultaneous prediction of strategic risk and decision attributes using multivariate statistics and neural networks"
Download or read book Geological Survey Circular written by Geological Survey (U.S.) and published by . This book was released on 1975 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report of Investigations written by and published by . This book was released on 1966 with total page 872 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Geological Survey Circular written by and published by . This book was released on 1933 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Development Geology Reference Manual written by Diana Morton-Thompson and published by AAPG. This book was released on 1993 with total page 551 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Appendix II written by United States. Congress. House. Select Committee on Small Business. Subcommittee No. 4 on Distribution Problems and published by . This book was released on 1966 with total page 970 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investigates costs for refining and distributing gasoline to wholesale and retail outlets, to ascertain if petroleum industry is destructively competitive, as allegedly reflected in periodic "price wars" where gasoline is marketed without benefit of a fair profit. Examines complex competitive problems facing small, independent producers vis-a-vis large-scale producers; pt.2: Includes Mid-Continent Independent Refiners Association's "Petition for a Trade Regulation Rule for the Marketing of Gasoline," Mar. 1964 (p. 1033-1749).
Download or read book Mathematical Aspects of Production and Distribution of Energy written by Peter D. Lax and published by American Mathematical Soc.. This book was released on 1977 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Supply of Petroleum Reserves in South East Asia written by Corazón Morales Siddayao and published by Springer Science & Business Media. This book was released on 2013-03-13 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: which may be termed 'political. risks'-may be important deter minants of investment. After taking such risks into consideration in the exploration and development stage, a firm computing the pres ent value of its probable income stream must consider several other factors. In addition to the current rate of production, it must con sider these: (I) engineering limits to the rate of extraction in any given period, (2) physical limits to the total amount of the resource that can be produced within a given location, and (3) limits to the availability of new petroleum sources at the same costs as at the present location. It might be useful at this point to note that the firm as an explo ration agent in South-East Asia operates largely as a contractor to the host government who has ownership and final control over the petroleum resources. The group of suppliers of petroleum reserves in the region is characterized by the presence of the major com panies, directly or through subsidiaries, as well as by many small er, and even independent, companies. Three major companies currently dominate exploration and producing operations in two countries-Exxon and Shell in Malaysia, Shell in Brunei. In Indonesia, Caltex and Stanvac dominate production. Outside Malaysia and Brunei the bulk of new exploration is conducted by relatively smaller companies side-by-side with the major companies like Exxon, Gulf, Mobil, Shell, and Texaco.
Download or read book Multicriteria Decision Making Under Conditions of Uncertainty written by Petr Ekel and published by John Wiley & Sons. This book was released on 2019-11-07 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the various models and methods to multicriteria decision-making in conditions of uncertainty presented in a systematic approach Multicriteria Decision-Making under Conditions of Uncertainty presents approaches that help to answer the fundamental questions at the center of all decision-making problems: "What to do?" and "How to do it?" The book explores methods of representing and handling diverse manifestations of the uncertainty factor and a multicriteria nature of problems that can arise in system design, planning, operation, and control. The authors—noted experts on the topic—and their book covers essential questions, including notions and fundamental concepts of fuzzy sets, models and methods of multiobjective as well as multiattribute decision-making, the classical approach to dealing with uncertainty of information and its generalization for analyzing multicriteria problems in condition of uncertainty, and more. This comprehensive book contains information on "harmonious solutions" in multiobjective problem-solving (analyzing “i>X, F> models), construction and analysis of “i>X, R/i” models, results aimed at generating robust solutions in analyzing multicriteria problems under uncertainty, and more. In addition, the book includes illustrative examples of various applications, including real-world case studies related to the authors’ various industrial projects. This important resource: Explains the design and processing aspect of fuzzy sets, including construction of membership functions, fuzzy numbers, fuzzy relations, aggregation operations, and fuzzy sets transformations Describes models of multiobjective decision-making (“i>X. M/i” models), their analysis on the basis of using the Bellman-Zadeh approach to decision-making in a fuzzy environment, and their diverse applications, including multicriteria allocation of resources Investigates models of multiattribute decision-making (“i>X, R/i” models) and their analysis on the basis of the construction and processing of fuzzy preference relations as well as demonstrating their applications to solve diverse classes of multiattribute problems Explores notions of payoff matrices and fuzzy-set-based generalization and modification of the classic approach to decision-making under conditions of uncertainty to generate robust solutions in analyzing multicriteria problems Written for students, researchers and practitioners in disciplines in which decision-making is of paramount relevance, Multicriteria Decision-Making under Conditions of Uncertainty presents a systematic and current approach that encompasses a range of models and methods as well as new applications.
Download or read book The Impact of Joint Ventures on Bidding for Offshore Oil written by John Douglass Klein and published by Routledge. This book was released on 2017-09-05 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, originally published in 1983 investigates join venture participants in outer continental shelf sales from institutional, theoretical and statistical points of view. It includes a section on the 1975 joint bidding ban, which reviews the principal study which led to the ban and several which are critical of it. The study of ofshore leasing sales goes far beyond the field of economics and this volume will therefore be of interest to those in geology and geophysics, finance, law, politics and statistics.
Download or read book Probability Statistics and Decision for Civil Engineers written by Jack R Benjamin and published by Courier Corporation. This book was released on 2014-07-16 with total page 704 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text covers the development of decision theory, offering extensive examples and illustrations that cultivate students' appreciation for applications: strength of materials, soil mechanics, construction planning, water-resource design, and more. 1970 edition.
