Strategic Decision Making in the Digital Oil Field

Babak Jafarizadeh; Reidar B. Bratvold

doi:10.2118/123213-MS

Strategic Decision Making in the Digital Oil Field

Babak Jafarizadeh, Reidar B. Bratvold

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

10 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 language	English
Title of host publication	SPE Digital Energy Conference and Exhibition, 7-8 April, Houston, Texas, USA
Publisher	Society of Petroleum Engineers
ISBN (Print)	9781555632410
DOIs	https://doi.org/10.2118/123213-MS
Publication status	Published - 2009
Event	SPE Digital Energy Conference and Exhibition 2009 - Houston, United States Duration: 7 Apr 2009 → 8 Aug 2009

Conference

Conference	SPE Digital Energy Conference and Exhibition 2009
Country/Territory	United States
City	Houston
Period	7/04/09 → 8/08/09

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10.2118/123213-MS

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title = "Strategic Decision Making in the Digital Oil Field",

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.",

author = "Babak Jafarizadeh and Bratvold, {Reidar B.}",

year = "2009",

doi = "10.2118/123213-MS",

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booktitle = "SPE Digital Energy Conference and Exhibition, 7-8 April, Houston, Texas, USA",

publisher = "Society of Petroleum Engineers",

address = "United States",

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AU - Jafarizadeh, Babak

AU - Bratvold, Reidar B.

PY - 2009

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N2 - 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.

AB - 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.

U2 - 10.2118/123213-MS

DO - 10.2118/123213-MS

M3 - Conference contribution

SN - 9781555632410

BT - SPE Digital Energy Conference and Exhibition, 7-8 April, Houston, Texas, USA

PB - Society of Petroleum Engineers

T2 - SPE Digital Energy Conference and Exhibition 2009

Y2 - 7 April 2009 through 8 August 2009

ER -

Strategic Decision Making in the Digital Oil Field

Abstract

Conference

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