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    • Class and Course
    1. NExT
    2. Business Management
    3. Risk, Uncertainty and Decisions in E&P Projects - Separate Agenda

    Risk, Uncertainty and Decisions in E&P Projects - Separate Agenda

    • Skill
    • 5 Days
    • classroom1Classroom

    Risks and uncertainties are everywhere in E&P projects. Risk and uncertainty impact decision making by the projects chosen, how they are developed, and their economic performance. Improving the quality of decisions is the main goal, not just understanding risk and uncertainty for their own sake.

    Although probabilistic concepts and tools are commonly used to describe projects under risk and uncertainty, the principles underlying these concepts and tools are not always well understood. Upon completion of this course, participants will become more comfortable with probabilistic thinking and how it can be used to improve decision making.

    Anyone interested in learning more about the approach and techniques of risk, uncertainty and decisions in E&P projects. 

    Some basic statistics knowledge would be a plus but is not required. 

    Currently there are no scheduled classes for this course.

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    E&P Introduction and Fundamentals

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