Enhanced-Oil Recovery (EOR) evaluations focused on asset acquisition or rejuvenation
involve a combination of complex decisions, using different data sources. EOR projects have …

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 …

Decision making plays a crucial role in the front end of projects which is a critical stage for
maximising the performance of complex projects. Although it has been suggested that …

This paper presents an analysis on the potential of Enhanced-Oil Recovery (EOR) and its
challenges in offshore environments. EOR experience gained in onshore and shallow …

The oil and gas industry uses production forecasts to make decisions, which can be as
mundane as whether to change the choke setting on a well, or as significant as whether to …

Despite the perception of lucrative earnings in the petroleum industry, various authors have
noted that industry performance is routinely less than expectations. For example, Brashear …

Ever since the early publication by Grayson, we have seen an increasing interest in decision-
analysis in the oil and gas industry. There have been numerous studies and publications …

Summary Least-squares Monte Carlo (LSM) simulation is a promising new technique for
valuing real options that has received little or no attention in the oil and gas industry. In this …

Abstract Enhanced-Oil Recovery (EOR) for asset acquisition or rejuvenation involves
intertwined decisions. In this sense, EOR operations are tied to a perception of high …

This article addresses the need for a holistic, integrated approach to assessing the impacts
of uncertainty on oil and gas investment decision making. We argue that this cannot be …