Strategic Decision Making in the Digital Oil Field

Babak Jafarizadeh, Reidar B. Bratvold

Research output: Chapter in Book/Report/Conference proceedingConference contribution

9 Citations (Scopus)

Abstract

The Digital Oil Field (DOF) has been embraced at the operational level in the exploration and production industry. The DOF has initially been applied to tactical and operational decision making, often with a focus on reducing operational costs. Yet, most DOF value estimates (eg, CERA 2006) have indicated that the majority of the value contribution from the DOF will be through increased revenues, ie, increased reserves or production. An outstanding challenge is to demonstrate how the DOF will enable this revenue-driven value creation.
Original languageEnglish
Title of host publicationSPE Digital Energy Conference and Exhibition, 7-8 April, Houston, Texas, USA
PublisherSociety of Petroleum Engineers
ISBN (Print)9781555632410
DOIs
Publication statusPublished - 2009
EventSPE Digital Energy Conference and Exhibition 2009 - Houston, United States
Duration: 7 Apr 20098 Aug 2009

Conference

ConferenceSPE Digital Energy Conference and Exhibition 2009
Country/TerritoryUnited States
CityHouston
Period7/04/098/08/09

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