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Title:
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PREDICTION OF ECONOMIC VALUE OF A PETROLEUM EXPLORATORY OPPORTUNITY USING BAYESIAN NETWORK |
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Author(s):
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Marcos A. Affonso, Kate Revoredo, Leila Andrade |
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ISBN:
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978-989-8533-06-7 |
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Editors:
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Hans Weghorn, Leonardo Azevedo and Pedro Isaías |
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Year:
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2011 |
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Edition:
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Single |
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Keywords:
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Data mining, Bayesian network, Decision-making support system. |
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Type:
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Short Paper |
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First Page:
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476 |
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Last Page:
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480 |
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Language:
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English |
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Cover:
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Full Contents:
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click to dowload 
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Paper Abstract:
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A petroleum exploration opportunity (EO) is defined as a mapped region with potential for possessing a sufficient petroleum accumulation that may justify an exploration project .This article proposes to build a predictive model that it is able to economically evaluate a petroleum exploration opportunity through data mining techniques. This model estimates the potential of investment return and supports the decision to invest or not in the EO. |
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