Title :
Risk Analysis for Oil and Gas Exploration Project
Author :
Liu, Jinlan ; Bai, Yin ; Yu, Ying
Author_Institution :
Sch. of Manage., Tianjin Univ., Tianjin
fDate :
Nov. 28 2006-Dec. 1 2006
Abstract :
In this paper, based on the characteristics of the oil and gas exploration project, the risk analysis method is a systematically studied. Firstly we analyze the shortcomings of existing risk analysis methodologies, set forth the further research direction in this field. Then the influence diagram algorithms are presented based on fuzzy theory. At last, the risks of a certain oil and gas exploration project are analyzed. The procedures and contents to structure and evaluate profit influence diagram are studied in the light of the reality. By means of the practical application, the effectiveness and feasibility of the methods are verified.
Keywords :
fuzzy set theory; gas industry; petroleum industry; risk analysis; fuzzy theory; gas exploration project; oil-gas exploration project; risk analysis method; Arithmetic; Computational intelligence; Economics; Mathematical model; Petroleum; Project management; Risk analysis; Risk management; Stochastic processes; Uncertainty;
Conference_Titel :
Computational Intelligence for Modelling, Control and Automation, 2006 and International Conference on Intelligent Agents, Web Technologies and Internet Commerce, International Conference on
Conference_Location :
Sydney, NSW
Print_ISBN :
0-7695-2731-0
DOI :
10.1109/CIMCA.2006.187
