Estimating the effect of future oil prices on petroleum engineering project investment yardsticks.
This study proposes two methods, (1) a probabilistic method based on historical oil prices and (2) a method based on Gaussian simulation, to model future prices of oil. With these methods to model future oil prices, we can calculate the ranges of uncertainty in traditional probability indicators bas...
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| Format: | Others |
| Language: | en_US |
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Texas A&M University
2004
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| Online Access: | http://hdl.handle.net/1969.1/201 |