Risk Analysis and Decision-Making Software Package (1997 Version) User Manual

Abstract

This manual provides instructions for using the U.S. Department of Energy's (DOE) risk analysis and decision making software (1997 version) developed at BDM Petroleum Technologies by BDM-Oklahoma, Inc. for DOE, under contract No. DE-AC22-94PC91OO8. This software provides petroleum producers with a simple, handy tool for exploration and production risk analysis and decision-making. It collects useful risk analysis tools in one package so that users do not have to use several programs separately. The software is simple to use, but still provides many functions. The 1997 version of the software package includes the following tools: (1) Investment risk (Gambler's ruin) analysis; (2) Monte Carlo simulation; (3) Best fit for distribution functions; (4) Sample and rank correlation; (5) Enhanced oil recovery method screening; and (6) artificial neural network. This software package is subject to change. Suggestions and comments from users are welcome and will be considered for future modifications and enhancements of the software. Please check the opening screen of the software for the current contact information. In the future, more tools will be added to this software package. This manual includes instructions on how to use the software but does not attempt to fully explain the theory and algorithms used to create it.