A new fully probabilistic methodology and a software for assessing uncertainties and managing risks in shale gas projects at any maturity stage

Date

2018-09-01

Author

Tugan, Murat Fatih
Sınayuç, Çağlar

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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Shale oil and shale gas projects generally have marginal economics, hence should be carefully analyzed from the economic standpoint. Generating an economically recoverable resource (ERR) probability function that shows the full uncertainty range is highly important for such an economic analysis. Furthermore, the net present value (NPV) of the project together with the uncertainties inherent in it should be revealed so that the primary decision of entering a shale oil or shale gas project will be determined. As progressing through the project phases, judicious go/no-go decisions should be given at several decision gates.

Subject Keywords

Fuel Technology, Geotechnical Engineering and Engineering Geology

URI

https://hdl.handle.net/11511/40170

Journal

JOURNAL OF PETROLEUM SCIENCE AND ENGINEERING

DOI

https://doi.org/10.1016/j.petrol.2018.05.001

Collections

Department of Petroleum and Natural Gas Engineering, Article

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Citation Formats

M. F. Tugan and Ç. Sınayuç, “A new fully probabilistic methodology and a software for assessing uncertainties and managing risks in shale gas projects at any maturity stage,” JOURNAL OF PETROLEUM SCIENCE AND ENGINEERING, pp. 107–118, 2018, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/40170.