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On risk management, dumbing-up and the cost of risk of a Macondo

2013-11-02 11:36:08| Oil IT Journal - www.oilit.com

Back from the 2013 New Orleans conference of the Society of Petroleum Engineers, editor Neil McNaughton debates Reidar Bratvolds demolition job on industry best practice, the risk matrix. Inspired by ENIs attempt to put a cents per barrel on the cost of risk, he does his own analysis, using collateral from the Times-Picayune, with a surprising result.

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