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Using of Full-Cycle Probablistic Project Estimation with Value of Information (VOI) Approach to form an Exploration Program by the Example of Zagros Basin Field
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, Tyumen 2017, Mar 2017, Volume 2017, p.1 - 4
Abstract
Summary
This work is dedicated to the selection of optimal appraisal and exploration stategy in the conditions of complicated structural and tectonic formation and high technological risks. Approaches and analytical instruments developed by authors to provide full cycle of technical and economic estimation using multivariant geological and statistical model with ranging of all possible project options are decribed in the work.
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