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Uncertainty Management in A Fast-Paced Exploration to Production EnvironmentNormal access

Authors: V. Tveritina, I. Nizhegorodova and T. McCormick-Cox
Event name: ProGREss'19
Session: Best Practices in O&G Exploration / Лучшие практики в ГРР
Publication date: 05 August 2019
DOI: 10.3997/2214-4609.201953044
Language: Russian
Info: Extended abstract, PDF ( 534.43Kb )
Price: € 20

Summary:
After a successful hydrocarbon discovery, the first and most commonly asked question refers to the size of the discovered prize: ‘how much is it?’ In as much as this is a straightforward question, it is also the most difficult to answer correctly, especially with the pressures to put the discovery on production as soon as possible. Furthermore, if dependent on the range of volumetric and connectivity outcomes, multiple development options need to be considered. These development options in turn will have an impact on the profitability of the project and may result in the difference between a commercially attractive project and a financial disaster.


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