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Models

Oil Drilling Schedule 2-Model Series

It is important in the oil industry to estimate a schedule of capital expenditures and production, and to see how this schedule depends on the anticipated volumes of oil recovery. Here you will find two examples models to do this:
1. A deterministic model to get started.
2. A basic @RISK model with uncertainty about the size of the oil field.
Click here to see a video of this example.


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