Review
Abstract
Exploring for oil and gas is a risky business. Risk is the chance of failure, and there are many more dry wildcats than there are wells that make discoveries. The quantification of risk in relation to reward is one of the main benefits of formal assessments of undiscovered oil and gas potentials, but in this paper we consider only the geologic existence risks, and environmental risks.
Key words: Geologic risks, environmental risks, porosity, reservoir, prospect.
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