Loading...
Please wait, while we are loading the content...
Similar Documents
Value of Information in the Oil and Gas Industry: Past, Present, and Future
| Content Provider | Semantic Scholar |
|---|---|
| Author | Bratvold, Reidar Brumer Bickel, J. Eric Lohne, Hans Petter |
| Copyright Year | 2007 |
| Abstract | An important task that petroleum engineers and geoscientists undertake is to produce decision-relevant information. Some of the most important decisions we make concern what type and what quality of information to produce. When decisions are fraught with geologic and market uncertainties, this information gathering may such forms as seismic surveys, core and well test analyses, reservoir simulations, market analyses, and price forecasts-which the industry spends billions of US dollars each year. Yet, considerably less time and resources are expended on assessing the profitability or value of this information. Why is that? |
| File Format | PDF HTM / HTML |
| DOI | 10.2118/110378-MS |
| Alternate Webpage(s) | https://pivyku.ga/1554884860.pdf |
| Alternate Webpage(s) | https://doi.org/10.2118/110378-MS |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
