Integrated Uncertainty Assessment For Project Evaluation and Risk Analysis

This paper shows how an integrated assessment of uncertainties in geophysics, geology and<br>reservoir engineering, provides a rational basis for risk in the developement of the “XYZ”<br>field. The objective of the study was to integrate the uncertainties identified on the reservoir and to<br>quantify their impact on Gross Rock Volume (GRV), Oil Originally in Place (OOIP),<br>recoverable reserves and production profiles.