Oil Exploration: Basin Analysis and Economics

This book presents quantitative procedures for assessing predictions of potential oil recovery (basin size, hydrocarbon content), and economic impact (exploration cost, production, transport, and refining). Emphasis is placed on advances made in analytical methods and improved techniques developed during the last decade.

"This book is a much needed addition to the available texts on this newly emerging subject. Dr. Lerche is very knowledgeable on the material and his background in both industry and academia allows him to address the needs of both groups."

Oil exploration presents quantitative procedures for assessing predictions of potential oil recovery (basin size, hydrocarbon content) and economic impact (exploration cost, production, transport, and refining). This is the first book to combine uncertainties in basin analysis with uncertainties in economics to provide quantitative risk assessments of oil accumulations. Emphasis is placed on advances made in analytical methods and improved techniques developed during the last decade. The book will serve oil exploration personnel in industry, graduate students in economic geology, and researches in petroleum engineering.