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To Drill or Not to Drill: A Synthesis of Expert Judgments

Chapter
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 175)

Abstract

Petroleum exploration is a costly venture which always involves a great deal of uncertainties and unknown factors. A decision to drill could result in a giant discovery, a modest discovery, or a dry hole. The factors influencing drilling decisions could be of geologic, economic and personal nature. When making a decision based on geologic factors alone, geologists and geophysicists will try to find answers to the following questions [2].

Keywords

Source Rock Relative Permeability Stratigraphic Trap Reservoir Rock Effective Porosity 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2012

Authors and Affiliations

  1. 1.Katz Graduate School of Business and College of Business AdministrationUniversity of PittsburghPittsburghUSA

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