This book discusses the art and science of economic decision making. It combines logical thinking with analytics, economics, and finance to draw decision insights for the upstream petroleum projects. The book offers useful analysis skills for practitioners in industry, including analysts, engineers, and managers. In addition, advanced undergraduate and graduate students in petroleum engineering, applied petroleum geoscience, industrial engineering, and energy business would benefit from the discussions in this book.

This book expands decision analysis to include financial economic concepts and applies them to the exploration industry The book seamlessly combines the paradigms of decision analysis and corporate finance The concepts discussed in the book provide some of the most efficient tools to tackle real world challenges

Autorentext

Babak Jafarizadeh is a faculty member of petroleum engineering in the Institute of Geo-Energy Engineering at Heriot-Watt University. His teaching and research interests in the energy industry's investment decision making have led his works towards improving the practice of economic decision analysis. He has worked as a senior economic analyst in industry and holds a PhD degree in Investment and Decision Analysis from the University of Stavanger.

Klappentext

This book discusses the art and science of economic decision making. It combines logical thinking with analytics, economics, and finance to draw decision insights for the upstream petroleum projects. The book offers useful analysis skills for practitioners in industry, including analysts, engineers, and managers. In addition, advanced undergraduate and graduate students in petroleum engineering, applied petroleum geoscience, industrial engineering, and energy business would benefit from the discussions in this book.

Inhalt

Chapter 1. Exploration Decisions.- Chapter 2. Sources of Uncertainty.- Chapter 3. Uncertainty to Value.- Chapter 4. Applications.