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- W2597473341 abstract "We present a consistent and functional methodology for conducting value-of-information (VoI) analysis on proposed well tests in the presence of multiple critical uncertainties associated with the reservoir and the measurement/interpretation. Such uncertainties can impact asset economics acutely when they influence recoverable hydrocarbons. A key feature of this analysis is that the value of the measurement is determined before the measurement is made. Our demonstration uses an example of a marginal offshore asset where severe compartmentalization is possible. In this example, the VoI is a critical deciding factor because it is not obvious a priori that this value will justify the cost of the test in this marginal asset." @default.
- W2597473341 created "2017-04-07" @default.
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- W2597473341 date "2009-01-01" @default.
- W2597473341 modified "2023-09-28" @default.
- W2597473341 title "Quanitifying the Value of a Future Well Test with Reservior and Measurement Uncertainty" @default.
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- W2597473341 doi "https://doi.org/10.3997/2214-4609-pdb.151.iptc13595" @default.
- W2597473341 hasPublicationYear "2009" @default.
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