Estimating Drilling Cost and Duration Using Copulas Dependencies Models
Estimation of drilling budget and duration is a high-level challenge for oil and gas industry. This is due to the many uncertain activities in the drilling procedure such as material prices, overhead cost, inflation, oil prices, well type, and depth of drilling. Therefore, it is essential to conside...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Sultan Qaboos University
2017-03-01
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| Series: | The Journal of Engineering Research |
| Subjects: | |
| Online Access: | https://journals.squ.edu.om/index.php/tjer/article/view/182 |