RISK EVALUATION AS PART OF THE E&P BUSINESS.
Paperback, 23 pages
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During my 15 + years of experience within the oil and gas industry, i have found several regimes of risk evaluation within the industry. However a few elements are found to be co-existent in all companies. Reservoir, trap and hydrocarbon risk has found to be main elements subject to risking. The different companies put more effort into reservoir risking vs others more into trap or hydrocarbon risking. Elliminating these smaller differences, one can find that understandment of geological processes influence the amount of risk one puts into either of these three elements. What risk factor is more critical than the other, is like discussing the egg and the chicken, but one finds that the factors are all dependant upon each other, but the first geological process to start up, is developement of reservoir and non-reservoir sections, as well as organic matters.
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