A01=Alfred Petrick
Author_Alfred Petrick
Category=JP
Cerrejon project
Chance Node
Colombian Coal
Cost Estimation Techniques
Cost Index
Dry Hole
Ekofisk discovery
Ekofisk Field
Energy Resources
Energy Sources
ENR
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Equipment Cost Index
exploration dollars
Formation Volume Factor
Gambler's Ruin
Lang Factor
Magnitude Estimate
mineral resource evaluation
Net Cash Flow
nonrenewable resource management
Norwegian Continental Shelf
Operating Net Cash Flow
Overburden
Peabody Coal Company
petroleum evaluation
petroleum exploration economics
petroleum project financial modeling
Phillips Group
Pilot Mine
project cost estimation
Rio Hacha
Sodium Chlorate
Stock Tank Barrels
Uranium Project
uranium project assessment
wildcat drilling analysis
Product details
- ISBN 9780367016517
- Weight: 510g
- Dimensions: 149 x 229mm
- Publication Date: 07 Jun 2019
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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The basic concepts utilized in analysis of non-renewable energy resources are presented in this study. Dr. Petrick explains the process of exploration in terms of the present value of expected discoveries, efficiency in exploration, and the budgeting process, stressing objectives and strategies designed to help avoid "gambler's ruin" and aid in the efficient spending of exploration dollars. The case of a wildcat oil-gas prospect in Colorado illustrates the fundamentals of petroleum evaluation, including calculation of reserves and the expected value of discovery. The history of the Ekofisk discovery in the North Sea serves as an example of the stages of large-scale petroleum development, including financing and cost evaluation. Discussions and a case history of the Cerrejon project in Colombia are also given. Dr. Petrick closes with a chapter on cost estimation, clarifying the concepts used in order-of-magnitude cost estimation of minerals and fuels projects.
