Value of Information and Flexibility / Petroleum Engineering (PDF)
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This book presents a consistent methodology for making decisions under uncertain conditions, as is almost always the case. Tools such as value of information and value of flexibility are explored as a means to make more complex and nuanced decisions.
The book develops the complete formalism for assessing the value of acquiring information with two novel approaches. Firstly, it integrates the fuzzy characteristics of data, and secondly develops a methodology for assessing data acquisition actions that optimize the value of projects from a holistic perspective. The book also discusses the formalism for including flexibility in the project decision assessment. Practical examples of oil- and gas-related decision problems are included and discussed to facilitate the learning process.
This book provides valuable advice and case studies applicable to engineers, researchers, and graduate students, particularly in the oil and gas industry and pharmaceutic industry.
Dr Gbenga Oluyemi gained his Bachelor degree in Geology from University of Ibadan, Nigeria in 1998, and his Master and PhD degrees from Robert Gordon University, Aberdeen, UK in 2002 and 2007, respectively. He has worked in several industry, research, and academic positions in Nigeria, Ghana, and the UK. He is currently the Lead for the Petroleum Engineering Research Group at Robert Gordon University. His research interest and expertise lie in formation evaluation, petroleum geomechanics, oilfield chemistry and fluid flow and characterisation in porous media. He is a Chartered Engineer in the UK and an active member of Energy Institute, UK, and Society of Petroleum Engineer (SPE). He is also a Technical Reviewer for more than 8 peer-reviewed journals. He has written more than 70 peer-reviewed journal articles, conference papers and 2 book chapters, and is the Editor-in-Chief of Springer's Petroleum Engineering Book series.
- Autoren: Martin J. Vilela , Gbenga F. Oluyemi
- 2021, 1st ed. 2022, 280 Seiten, Englisch
- Verlag: Springer International Publishing
- ISBN-10: 303086989X
- ISBN-13: 9783030869892
- Erscheinungsdatum: 21.10.2021
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- Grösse: 7.07 MB
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