Panel: Risk-based decision analysis evolving into key tool of E&P sector

被引：0
|
作者：
Poruban, Steven
机构：
来源：
Oil and Gas Journal | 2000年 / 98卷 / 43期
关键词：
Decision making - Industrial economics - Petroleum products - Risk management - Statistical methods;
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暂无
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学科分类号：
摘要：
Petroleum exploration and production managers have to manage the prices of oil and gas as well as investment parameters. Statistical methods exist to analyze their probabilities for success and for consolidating project evaluations into risk weighted evaluations. The various hurdles that limit the effective implementation of risk and portfolio management practices are discussed. Adoptability was cited as the steeper hurdles for industry in implementing the newer risk and portfolio analysis tools. The adoption of these new tools depends upon simple knowledge. Some panelists provided insights to consider new managers to consider new risk assessment tools.
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