Abstract: In accordance with one embodiment of the present disclosure, a method includes receiving exploration constraints, including a budget, receiving prospect inputs for a plurality of prospects, each prospect input having fixed inputs and dynamic inputs, generating correlation matrices based on the dynamic inputs, determining a set of drilling sequences for the plurality of prospects based on the budget, modeling, by Monte Carlo simulation, each drilling sequence of the set of drilling sequences within the prospect inputs, wherein each iteration of modeling is complete when the exploration constraints are reached, and generating an optimal drilling sequence, including a risk and a reward for the optimal drilling sequence.

Abstract: In accordance with one embodiment of the present disclosure, a method includes receiving exploration constraints, including a budget, receiving prospect inputs for a plurality of prospects, each prospect input having fixed inputs and dynamic inputs, generating correlation matrices based on the dynamic inputs, determining a set of drilling sequences for the plurality of prospects based on the budget, modeling, by Monte Carlo simulation, each drilling sequence of the set of drilling sequences within the prospect inputs, wherein each iteration of modeling is complete when the exploration constraints are reached, and generating an optimal drilling sequence, including a risk and a reward for the optimal drilling sequence.