You must log in to edit PetroWiki. Help with editing
Content of PetroWiki is intended for personal use only and to supplement, not replace, engineering judgment. SPE disclaims any and all liability for your use of such content. More information
Glossary:Real options
Jump to navigation
Jump to search
The right to take an action at a specified cost for a specified duration. Similar to financial options but with a variety of actions, often having to do with either changing the scope or the timing of the project.