1887

Abstract

There is evidence that the industry is systematically over-estimating the commercial chance of success (CoCS) and volume especially in high risk plays. The bias in commercial risking and pre-drill volume estimation is not a new phenomenon and persists today. Analogue play statistics can help address potential bias by providing objective calibration and sense-checking of success rates and discovery sizes.

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/content/papers/10.3997/2214-4609.201801956
2018-06-10
2020-06-05
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http://instance.metastore.ingenta.com/content/papers/10.3997/2214-4609.201801956
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