CitedEvidence
User Settings
Open AccessDissertation10.47749/t/unicamp.2004.345578

Analise do valor da informação na avaliação e desenvolvimento de campos de petroleo

TL;DRAbstract

The capacity to deal with uncertainties is responsible for the economic viability of petroleum fields. The Value of Information (VOI) is an economic criterion used in decisionmaking process. It involves the quantification of uncertainties and the economic evaluation of various development scenarios. The quantification of the value of the information (VOI) and flexibility (VOF) can be highly complex and time-consuming, mainly in the appraisal and development phases when a detailed modeling of the problem may be necessary. The quantification of the value of information and of flexibility must take into account the benefits that can be extracted of the process. In these phases, these benefits result from a specific production strategy applied to several possible scenarios after the acquisition of the information. Therefore, the quantification of the VOI and VOF demand that the production strategy be determined to each possible scenario. This is not usually viable because a great effort wo

Chat with Paper

AI Agents for this Paper

The capacity to deal with uncertainties is responsible for the economic viability of petroleum fields. The Value of Information (VOI) is an economic criterion used in decisionmaking process. It involves the quantification of uncertainties and the economic evaluation of various development scenarios. The quantification of the value of the information (VOI) and flexibility (VOF) can be highly complex and time-consuming, mainly in the appraisal and development phases when a detailed modeling of the problem may be necessary. The quantification of the value of information and of flexibility must take into account the benefits that can be extracted of the process. In these phases, these benefits result from a specific production strategy applied to several possible scenarios after the acquisition of the information. Therefore, the quantification of the VOI and VOF demand that the production strategy be determined to each possible scenario. This is not usually viable because a great effort wo

Keywords

PhysicsHumanitiesPhilosophy

Chat

Click to start Chat