Economic Risk in Hydrocarbon Exploration provides a total framework for assessing the uncertainties associated with exploration risk—from beginning to end. Numerous examples with accompanying microcomputer algorithms illustrate how to quantitiatively approach economic risk. Detailed assumptions and models of economic risk are thoroughly compared. Numerical examples are given throughout to facilitate hands-on calculations using popular spreadsheet packages on personal computersAudience: Scientists, economists, and professionals concerned with exploiting the world's oil and gas resources; oil and gas company explorationists, strategic resource economists, and academic and private research scientists involved in quantitative geology problems or who deal with the economic risk associated with hydrocarbon exploration.