Risk Analysis Applied to Petroleum Projects

Introduces concepts of risk and uncertainty as they apply to the oil and gas industry. Describes risk analysis models, measures of profitability and other decision-making tools. Reviews principles of probability distribution and introduces the Monte Carlo simulation model. Presents procedures for running simulation models. Discusses the roles of competitive bidding and enterprise risk management in the petroleum industry.

Code: IHRDC_IPIMS_t39481


Duration: 4.5 hours