Incorporating geophysical uncertainty in field development concept selection ///
A number of cost-intensive, technically crucial decisions need to be made in oil and gas field development. A broad range of issues is involved, within geology and geophysics (G&G), reservoir management, drilling/completion technology, production strategy, facilities size/solutions, infrastructure, and transportation to the market. Deciding on the right field development option requires an organization that works together closely across the disciplines. This article presents a parallel, probabilistic approach to field appraisal and development concept selection, rather than the conventional, sequential approach.
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