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Part of the book series: International Series in Operations Research & Management Science ((ISOR,volume 34))

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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].

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References

  1. Gess, G., and Bois, C., Study of Petroleum Zones—a Contribution to the Appraisal of Hydrocarbon Resources, The Future Supply of Nature-made Petroleum and Gas, edited by R. F. Meyer (New York: Pergamon Press), 1977, 155–178.

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© 2001 Springer Science+Business Media New York

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Saaty, T.L., Vargas, L.G. (2001). To Drill Or Not To Drill: A Synthesis of Expert Judgments. In: Models, Methods, Concepts & Applications of the Analytic Hierarchy Process. International Series in Operations Research & Management Science, vol 34. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-1665-1_19

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  • DOI: https://doi.org/10.1007/978-1-4615-1665-1_19

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-5667-7

  • Online ISBN: 978-1-4615-1665-1

  • eBook Packages: Springer Book Archive

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