Browsing Department of Petroleum Engineering by Subject "uncertainty"
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Influense of seismic and velocity uncertainties on reservoir volumetrics
(Masteroppgave/UIS-TN-IPT/2015;, Master thesis, 2015-06-15)Uncertainty is a well-known concept in geology, and can lead to re-evaluation of important development decisions if properly assessed. This thesis describes uncertainty through the set-up of “scenarios”. For each parameter ... -
Offshore Exploratory Drilling Campaigns During Low Oil Price Period: Maximizing Value Creation from Flexibility
(Masteroppgave/UIS-TN-IPT/2017;, Master thesis, 2017-06-15)During severe oil price downturns, many operating companies reduce or eliminate large investments with long time horizons such as exploratory drilling campaigns. This reduction in investments forces rig and drilling services ...