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

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


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].


Source Rock Relative Permeability Stratigraphic Trap Reservoir Rock Effective Porosity 
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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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