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Best Sellers | | Home Decision Analysis for Petroleum Exploration, Second Edition | |
|  | |  | | | Decision Analysis for Petroleum Exploration, Second Edition | | | | | SKU:
ACOMMP2_book_usedverygood_0966440110 | | In Stock | | Availability:
Usually ships in 1 business days | | Only 4 left in stock, order soon! | | | | | | This is an update of the 1975 best-selling text, which became the standard reference in the field. This book introduces the reader to ways of applying risk and decision analysis to the analysis of investment decisions under uncertainty in petroleum exploration.
Topics covered in the book represent a composite of evaluation practices and problem-solving approaches used throughout the world. Several ideas and concepts were first published in the first edition of this book.
Decision analysis methods apply to any type of business investment decision. The emphasis in this book is on quantitative methods useful in petroleum exploration decisions. The book will be of special interest to anyone involved in the evaluation of property acquisitions, geophysical surveys, and prospect drilling decisions: petroleum geologists, engineers, geophysicists and managers. A mathematical or statistical background is not required to follow the practical, applications-oriented discussions. | | | |
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| | Product Details | | Author: | Paul D. Newendorp and John R. Schuyler | | Hardcover: | 606 pages | | Publisher: | Planning Press | | Publication Date: | November 27, 2000 | | Language: | English | | ISBN: | 0966440110 | | Package Length: | 10.2 inches | | Package Width: | 7.3 inches | | Package Height: | 1.4 inches | | Package Weight: | 2.7 pounds | | Average Customer Rating: |  based on 2 reviews |
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| | Customer Reviews | Average Customer Review: ( 2 customer reviews )
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1 of 1 found the following review helpful:
 Missed opportunity Apr 12, 2008
By R. NICHOLSON
"billnich"
This is an opportunity missed to write a book of real value to the oil industry. The authors have elected treat the subject with an almost complete absence of maths, which will suit some but most readers with a science or engineering degree will be able to handle much more. It's overly long for the subject matter covered, the treatment being slow paced and repetitive. The methodologies covered are applicable to a huge range of situations in the oil industry, and yet virtually only one case is considered (repeatedly), namely the decision whether or not to drill a well; this gives the reader a limited perspective of the subject matter. Finally, the book has been written by two authors and the joins are very evident, leading to a disjointed style.
Missed opportunity.
 Decision Analysis for Petroleum Exploration Feb 09, 2010
By Antonio C. Pinho
"A. Pine"
I took this short course (it was called Decision Methods for Petroleum Exploration) in 1970, in Brighton, England. The book still reflects most of the concepts I learnt at the time by Paul Newendorp and is enrichened with the updates by John Schuyler. It is still a masterpiece. I recommend that John, in the next edition, expand a bit more on the Monte Carlo Simulation showing the actual illustrated sequence of computerized events to arrive at the EMV chart.
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