Ayers House

RISK ANALYSIS AND VOLUMETRICS IN 2020: WHAT ABOUT THE UPSIDE? The ongoing success of the E&P industry continues to rely heavily on large discoveries, of upside outcomes. The ability of current risk analysis practices to identify the magnitude and likelihood of exploration prospect upside potential has always and continues to be debated. We will discuss: A representative example of the chronic underperformance of the exploration sector in the 1990’s, the efficacy of the type of process widely adopted at that…