Decision and Risk Analysis in the Petroleum Industry
Room H1
Co-Chairs: J. A. MacKay, B. C. Duval, and G. Enciso
8:25 -- Introductory Remarks
8:30 -- I. A. Pinto, S. B. Suslick, R. Furtado: An Appraisal of Corporate Risk Tolerance in the Oil Exploration and Production
9:00 -- D. R. Johns: Objective, Real Time Exploration Prospect Assessments for Portfolio Analysis – Processes and Technologies for Improved Efficiency
9:30 -- P. R. Rose, G. P. Citron, M. A. McLane: The Link Between Chronic E&P Under-Performance and the "Prospector Myth"
10:00 -- P. Haryott, M. Joseph, J. MacKay, D. Taber, J. Varnon: The Implementation of a Consistent Risk Assessment Process Improved Exploration Performance
10:30 -- Break
10:45 -- B. C. Duval, Sr, J. M. Roux: Examples of Decision-making in Frontier Exploration: the Interplay of Risks Analysis, Play Drivers' Recognition and Accepted Challenges
11:15 -- E. A. Berg, P. A. Kjarnes: Uncertainty , Risk and Decision Management on the Ormen Lange Gas Field Offshore Norway
11:45 -- A. E. Oviedo, C. N. Wold, J. E. Leonard, B. Edwards: The Process of Risking Plays within PEMEX Exploration and Production (PEP) Cédula for Evaluation and Registry of Exploration Play Opportunity (CERPlay): Play Risk Assessment – a New Generation
12:15 -- C. Stabell: Requisite Modeling for Prospect Risk and Prospectivity Assessment? Not too Simple and not too Complex