RISK MANAGEMENT IN CARBON SEQUESTRATION: CASE STUDIES FROM UNCONVENTIONAL RESERVOIRS IN THE APPALACHIAN BASIN
Risk management has taken on renewed vigor since the economic crisis of the late 2000s. The resources of governments, individuals, and corporations are being stretched to a point where only the most promising projects move forward. Risk management is a crucial part of the decision making process, yet it remains a broad term that includes disciplines from engineering to finance. A collaborative effort will be necessary to ensure that the most auspicious and appropriate projects are the ones moving forward. Risk management can be quantified to an extent by comparing the likelihood of an instance with the result of consequence of the instance occurring. In this manner it is possible to assign risk factors to instances and ultimately, begin to associate monetary value to the instance.
Risk; Risks; Projects; test; Tests; CO2; Shales; Shale; risk management; Cost;