301762 (v.3) Risk and Uncertainty 616
| Area: | Department of Petroleum Engineering |
| Credits: | 25.0 |
| Contact Hours: | 10.0 |
| Lecture: | 1 x 20 Hours 4 Weekly |
| Tutorial: | 1 x 20 Hours 4 Weekly |
| Syllabus: | Properties and Applications of Probability Distributions, Appraisal of Uncertain Ventures, Simulation - Monte Carlo Method, Decision Trees and Economic Models, Evaluation of Expected Discoveries in Mature Regions, Bayes Strategies and Estimates of Value, Risking of Hydrocarbon Reserves. |
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| Unit Outcomes: | On completion of this unit students will have - Covered risk, uncertainty volumetrics and value analysis in detail from exploration through appraisal, development and production. Also explored quality and risk assessment in exploration and production venture investments. |
| Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information. |
| Unit Assessment Breakdown: | Final exam 50%, Tutorials/ Projects 50%. This is by grade/mark assessment. |
| Unit Texts: | No prescribed texts. |
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| Year | Location | Period | Internal | Area External | Central External | | 2004 | Bentley Campus | Semester 2 | Y | | | |
Current as of: February 2, 2004
CRICOS provider code 00301J
