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L-34 DECISION SUPPORT IN OIL EXPLORATION – A COLOMBIAN CASE STUDY I. REYES CORAL 1 2 and F.J.T. FLORIS 3 1 1 International Institute for Aerospace Survey and Earth Sciences (ITC) Hengelosestraat 99 P.O. Box 6 7500 AA Enschede The Netherlands 2 Empresa Colombiana de Petroleos (ECOPETROL) 3 TNO Netherlands Institute of Applied Geoscience Abstract For the evaluation of reservoir performance and the subsequent decision-making process companies use different methodologies that incorporate information from different disciplines. Typically due to the level of integration those companies have reached and/or the technology available the methodologies tend to loose critical information after each