Decision-making support (DMS) methods are widely used for technical, economic, social
and environmental assessments within different energy sectors, including upstream oil and …

An important task that petroleum engineers and geoscientists undertake is to produce
decision-relevant information. Some of the most important decisions we make concern what …

Technical professionals are often asked to estimate" ranges" for uncertain quantities. It is
important that they distinguish whether they are being asked for variability ranges or …

In this paper, we present the findings of a large (N= 494) survey of oil and gas professionals
that addressed the following two questions: Has uncertainty quantification improved in the …

Decisions in petroleum field development are typically complex because of high investments
under high uncertainty. To improve project performance, decision makers study the effects of …

Experiments performed over spatially correlated domains, if poorly chosen, may not be
worth their cost of acquisition. In this paper, we integrate the decision-analytic notion of …

Abstract The Santos Basin Pre-Salt Cluster (SBPSC), Offshore Southeast Brazil, is a unique
scenario, posing great development challenges. The microbial carbonate reservoir is …

In this study, we consider information acquisition to manage uncertainty in reservoir
development projects. Expected Value of Information (EVoI), a long-standing and widely …

Many factors affect production strategy selection in petroleum field development. Decision
makers many times rely on informal procedures and professional experience to base …

As oil prices are fluctuating, decision makers are challenged to make the" best" decisions for
field's developments. Decision Tree Analysis (DTA) can help decision makers to make the" …