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There is an oil industry adage that exploration for hydrocarbons always loses money, while production of hydrocarbons always makes money. To what extent that statement is true, is at the heart of this work. Production may indeed always make money, but it is always possible to make more or to make less! To maximise a given opportunity, the skills of a geologist alone are not sufficient, neither are just an economist's skills enough. This Compendium recognises the complexity of petroleum production economic risk problems, and offers itself as both an introduction and a foundation for further thought and research.
