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...
Main Authors: | , , , , , |
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Format: | Article |
Language: | English |
Published: |
EDP Sciences
2018-01-01
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Series: | Oil & Gas Science and Technology |
Online Access: | https://doi.org/10.2516/ogst/2018054 |