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Billion Dollar Apocalypse
Managing the decision competency gap in E&P asset development
“Just when we need them most, our decision-makers are retiring. How will the decision-making competency of these outbound engineers be transferred to those who will assume their responsibility in the future? Read white paper
Value of Information
By Torben Riis, 1999
Reprint from Hart's Petroleum Engineer International
Basic introduction to Value of Information concepts and demonstrates in an example how PetroVR can be used to quantify the value of shooting seismic in an exploration situation. Open Acrobat PDF
Probabilistic Development Modeling
By Jerry Blinten and Torben Riis, 1998
Reprint from Hart's Petroleum Engineer International
Overview of requirements for oil field development modeling risk analysis, including an example of an FSU waterflood opportunity where PetroVR was employed. Open Acrobat PDF
Exploration Risk Modeling
By Torben Riis
Demonstrates how Monte Carlo Simulation in PetroVR can help simplify a problem definition, which would otherwise require a large decision tree. Open Acrobat PDF
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