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.
|Title of host publication||SPE Digital Energy Conference and Exhibition, 7-8 April, Houston, Texas, USA|
|Publisher||Society of Petroleum Engineers|
|Publication status||Published - 2009|
|Event||SPE Digital Energy Conference and Exhibition 2009 - Houston, United States|
Duration: 7 Apr 2009 → 8 Aug 2009
|Conference||SPE Digital Energy Conference and Exhibition 2009|
|Period||7/04/09 → 8/08/09|