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Case Studies for the Value of Information and Flexibility in the Oil and Gas Industry

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Value of Information and Flexibility

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Abstract

Four case studies are used to show the methodologies discussed in this book. The first case study shows a complete value of information assessment using the decision maker’s risk attitude. The second case study shows an example of the value of flexibility in an oil development example. The third case study uses the design of experiments methodology to optimize the value of information assessment. Finally, the fourth case study incorporates the data’s fuzziness to the value of information discussed in the third case study.

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Authors and Affiliations

  1. Aura Energy Solutions, Madrid, Spain

    Martin J. Vilela

  2. School of Engineering, Robert Gordon University, Aberdeen, UK

    Gbenga F. Oluyemi

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  1. Martin J. Vilela
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  2. Gbenga F. Oluyemi
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Correspondence to Martin J. Vilela .

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Vilela, M.J., Oluyemi, G.F. (2022). Case Studies for the Value of Information and Flexibility in the Oil and Gas Industry. In: Value of Information and Flexibility. Petroleum Engineering. Springer, Cham. https://doi.org/10.1007/978-3-030-86989-2_9

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  • DOI: https://doi.org/10.1007/978-3-030-86989-2_9

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