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Decision Makng Based on Digital Oil Field Concept
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, 7th EAGE Saint Petersburg International Conference and Exhibition, Apr 2016, cp-480-00137
- ISBN: 978-94-6282-179-8
Abstract
Digital oil field (DOFF) led us to a significant increase in exploration, development and exploitation efficiency. The benefits of using DOFF can be represented as three kinds of effects: Productivity, Performance and Profitability. Long life of oil and gas projects allows management to manage the creation of shareholder value, using a multi-step process diagram. We consider three stages in the life cycle of the field where seismic 4D can bring added value. There are presented characteristics of the potential effects and economic benefits from 4D seismic survey at every stage.