Taking risk analysis beyond traditional uses in the Oil & Gas industry

Economic events will drive more complex use of Monte Carlo Simulation across the sectorRandy Heffernan, VP, Palisade CorporationEver since the global economic crisis began and oil prices crashed, the world economy has been on the brink of double-dip recession. Instability in key producing regions like Libya has led to extreme volatility in the price of oil. Managing oil and gas projects has become more challenging and riskier than ever before.

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