Value-of-information lookbacks - Was the information you gathered really worth getting?

Proceedings - SPE Annual Technical Conference and Exhibition

Volumn 1, Issue , 2006, Pages 491-497

  Coopersmith, E M ^a   Burkholder, M K ^a   Schulze, J H ^b  

^a Packers Plus Energy Services

^b Decision Frameworks Inc

Author keywords

[No Author keywords available]

Indexed keywords

DATA ACQUISITION; DECISION MAKING; OIL WELL DRILLING; OIL WELL TESTING; SEISMIC PROSPECTING;

INFORMATION ACQUISITION; SEISMIC REPROCESSING; VALUE-OF INFORMATION (VOI);

INFORMATION ANALYSIS;

EID: 33751020851     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.2118/101540-ms     Document Type: Conference Paper

References (4)

1. Coopersmith, E.M. and Cunningham, P.C.: "A Practical Approach to Evaluating the Value of Information and Real Option Decisions in the Upstream Petroleum Industry," paper SPE 77582, presented at SPE Convention held in San Antonio, Texas, October 2002.
2. Coopersmith, E.M., Cunningham, P.C., Pena, C.A.: "Decision Mapping - A Practical Decision Analysis Approach to Appraisal & Development Strategy Evaluations," paper SPE 82033, presented at SPE Hydrocarbon Economic Evaluation Symposium in Dallas, Texas, April 2003.
3. Heuer, R. J.: "Psychology of Intelligence Analysis", Center for the Study of Intelligence, CIA, Washington D.C. (1999), chapter 12.
4. Joyce, J. "Bayes" Theorem", The Stanford Encyclopedia of Philosophy (Winter 2003 Edition), Edward N.Zalta (ed.), URL=http://plato. standford.edu/archives/win2003/entries/baves-theorem/.