Methods Of Geological Risks Assessment During Conduction Of Exploration Works

  • D Turdiev
Keywords: Oil Exploration, Risks

Abstract

Oil and gas industry, being complex manufacturing system, is characterized by a number of specific peculiarities distinguishing it from other productive industries.The most significant of these peculiarities characterize oil and gas industry as complex, multi-staged, dynamic and semi-structured object and precondition occurrence of different risks at corresponding stagesof operational lifetime. Initial stage of lifetime of examined industry is geological exploration – geological and geophysical surveys and accuracy and reliability degree of explorationdefines reasonability and efficiency of subsequent stages conduction in decisive manner [1]. Therefore, identification, analysis and assessment of risk related to geological and geophysical surveys (referred to as geological risks) as well as its management in order to decrease risk extent to minimally possible and acceptable becomes extremely important and urgent [2].

References

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Published
2011-06-01
Section
Articles