Combining decision analysis and portfolio management to improve project selection in the exploration and production firm

@inproceedings{Walls2004CombiningDA,
  title={Combining decision analysis and portfolio management to improve project selection in the exploration and production firm},
  author={Michael Walls},
  year={2004}
}
Recent advances in modern finance theory and decision science are being utilized in a more systematic fashion by the upstream petroleum industry. Corporate planning groups as well as business units in oil companies are increasingly applying techniques such as decision analysis, simulation, portfolio management, and real options analysis to improve the overall decision making and capital allocation process. An important element of improving the practice of risk management in the E&P setting is… CONTINUE READING

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