1887

Abstract

We present a consistent and functional methodology for conducting value-of-information (VoI) analysis on proposed well tests in the<br>presence of multiple critical uncertainties associated with the reservoir and the measurement/interpretation. Such uncertainties can<br>impact asset economics acutely when they influence recoverable hydrocarbons. A key feature of this analysis is that the value of the<br>measurement is determined before the measurement is made. Our demonstration uses an example of a marginal offshore asset where<br>severe compartmentalization is possible. In this example, the VoI is a critical deciding factor because it is not obvious a priori that this<br>value will justify the cost of the test in this marginal asset.

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/content/papers/10.3997/2214-4609-pdb.151.iptc13595
2009-12-07
2021-01-16
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http://instance.metastore.ingenta.com/content/papers/10.3997/2214-4609-pdb.151.iptc13595
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