Figure 12.
The expected monetary value (EMV) versus well location area, with the cases indicated by letter (Figure 11A–D). Each of the gray curves represent whether a downdip appraisal is drilled after a discovery (disc.), and whether an updip appraisal is drilled after a dry hole (dh). The shaded polygon represents location areas with enhancement of EMV by saving appraisal costs. EUR = estimated ultimate recovery; $MM = million dollars.