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Economic Criteria in Decisions on Exploration Works
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, 4th EAGE St.Petersburg International Conference and Exhibition on Geosciences - New Discoveries through Integration of Geosciences, May 2010, cp-156-00095
- ISBN: 978-90-73781-79-5
Abstract
There are various problems on exploration work for which decision it is necessary to use economic criteria. Authors comparison of results of application of some methods of the economic appraisal based on net present value method, subject to uncertainty of the initial data and risks