by Dmitry Surovtsev, Schlumberger This post is inspired by an interesting online discussion I had with Trygve Botn in the aftermath of the RAW2020 event [1]. As the original forum… Continue reading “Uncertainty reduction doesn’t create value…” or does it?
Tag: oil
WATCH REPLAY: How to use Value of Information to improve the decision policy in Oil and Gas? – Trygve Botn
https://2020.riskawarenessweek.com/talks/how-to-use-value-of-information-to-improve-the-decision-policy-in-oil-and-gas/ This live Excel presentation will demonstrate how to: frame a Value of Imperfect Information evaluation of a drilling problem, quantify the frame in a risk model (SIPmath) using continuous… Continue reading WATCH REPLAY: How to use Value of Information to improve the decision policy in Oil and Gas? – Trygve Botn
