Estimating the chance of success of information acquisition for the Norne benchmark case

A key decision in field management is whether or not to acquire information to either improve project economics or reduce uncertainties. A widely spread technique to quantify the gain of information acquisition is Value of Information (VoI). However, estimating the possible outcomes of future inform...

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Bibliographic Details
Main Authors: Botechia Vinicius Eduardo, dos Santos Daniel Rodrigues, Barreto Carlos Eduardo Andrade, Gaspar Ana Teresa Ferreira da Silva, Santos Susana Margarida da Graça, Schiozer Denis José
Format: Article
Language:English
Published: EDP Sciences 2018-01-01
Series:Oil & Gas Science and Technology
Online Access:https://doi.org/10.2516/ogst/2018054