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

Thomas L. Saaty () and Luis G. Vargas ()
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Thomas L. Saaty: University of Pittsburgh
Luis G. Vargas: University of Pittsburgh

Chapter Chapter 21 in Models, Methods, Concepts & Applications of the Analytic Hierarchy Process, 2012, pp 303-311 from Springer

Abstract: 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 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-1-4614-3597-6_21

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DOI: 10.1007/978-1-4614-3597-6_21

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