Subsurface Appraisal: The Road from Reservoir Uncertainty to Better Economics

SPE Hydrocarbon Economics and Evaluation Symposium

Volumn , Issue , 2001, Pages 195-201

  Demirmen, Ferruh ^a  

^a Petroleum Consultant ^*

Author keywords

[No Author keywords available]

Indexed keywords

AQUIFERS; DECISION MAKING; INDUSTRIAL ECONOMICS; OIL WELL DRILLING; PETROLEUM ENGINEERING; PETROLEUM INDUSTRY; RISK MANAGEMENT; SUSTAINABLE DEVELOPMENT;

ECONOMIC RISKS; VALUE OF INFORMATION (VOI);

PETROLEUM RESERVOIRS;

EID: 0346558954     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.2118/68603-ms     Document Type: Conference Paper

References (8)

1. Demirmen, F.: "Reserves Uncertainty: Some Historical Trends and Wider Implications," First Break (May 1998), 143.
2. Demirmen, F.: "Use of 'Value of Information' Concept in Justification and Ranking of Subsurface Appraisal," paper SPE 36631 presented at the 1996 SPE Annual Conference and Exhibition, Denver, Oct. 6-9.
3. Eikrem, V. et al.: "Three Years of Production at the Mars Field: Reservoir Performance Exceeds Initial Forecast," AAPG Bulletin, (August 1999), 83, 1310.
4. thConference (ed. J.R. Parker), The Geol. Society, London (1993) 1473.
5. Thomas, J.M.: "Estimation of Ultimate Recovery for UK Oil Fields: The Results of the DTI Questionnaire and a Historical Analysis," Petroleum Geoscience (May 1998), 4, 157.
6. Chorn, L.G., and Croft, M.: "Resolving Reservoir Uncertainty to Create Value," JPT (August 2000) 52.
7. th European Symposium on Improved Oil Recovery (1997), The Hague, The Netherlands, Oct. 20-22.
8. thConference and Technical Exhibition (1998), Leipzig, Germany, June 8-12.