The Value of Seismic Amplitude Information

Gathering the right kind and amount of information is crucial in any decision making process. Estimating the value of information is therefore important for acquiring the right kind of data. We present a statistical model for valuing information in the context of geostatistical decision-making relevant to reservoir development.<br>We illustrate our methodology with a simple example based on valuing seismic amplitude data for decisions regarding drilling.<br>