Risk Analysis for Oil and Gas Exploration Project

Author

Liu, Jinlan ; Bai, Yin ; Yu, Ying

Author_Institution

Sch. of Manage., Tianjin Univ., Tianjin

fYear

2006

fDate

Nov. 28 2006-Dec. 1 2006

Firstpage

214

Lastpage

214

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;

fLanguage

English

Publisher

ieee

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

Type

conf

DOI

10.1109/CIMCA.2006.187

Filename

4052830