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Geological basis for rapid assessment of the value of information

https://doi.org/10.24887/2587-7399-2018-3-41-45

Abstract

The express estimation method of additional study influence on the individual geological parameters uncertainty is considered. The geological features typification and study is suggested. The section geological features, such as vertical and horizontal anisotropy, are divided into typical 9 classes. In addition to the features parametric characteristics (porosity, saturation, effective thickness, fluid type and several others) are included discretely in the evaluation. For each set of geological parameters, different classes of knowledge are distinguished. Based on this discretization, the study effect on the distribution of reserves and their sensitivity to more or less known parameters was evaluated. The work idea lies in the allocation of typical objects with identical geological features. Further comparison of the study baseline state with the target gives an understanding of both the magnitude of the change in the ranges of stocks and the possibilities of minimizing uncertainties by specific measures based on the calculations already performed. The result of the assessment can be built into existing tools for portfolio analysis, resource flow plans, drilling rating or the development of integrated projects for project development.

About the Authors

A. S. Sitnikov
Gazpromneft NTC LLC
Russian Federation

Saint-Petersburg



R. N. Asmandiyarov
Gazpromneft NTC LLC
Russian Federation

Saint-Petersburg



M. Y. Mityaev
Gazpromneft NTC LLC
Russian Federation

Saint-Petersburg



References

1. ISO 31000. Risk Management, ISBN 978-92-67-10645-8, Geneva: ISO copyright office, 2015.

2. Genebelin V., Decision making process - a value-risk trade-off practical applications in the oil & gas industry, Management, 2013, V. 3 (3), pp. 142-151.

3. Risk management, URL: https://en.wikipedia.org/wiki/Risk_management.

4. Asmandiyarov R.N. et al., Additional appraisal program optimisation with the value of information approach (In Russ.), SPE 187850-RU, 2017.


Review

For citations:


Sitnikov A.S., Asmandiyarov R.N., Mityaev M.Y. Geological basis for rapid assessment of the value of information. PROneft. Professionally about Oil. 2018;(3):41-45. (In Russ.) https://doi.org/10.24887/2587-7399-2018-3-41-45

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ISSN 2587-7399 (Print)
ISSN 2588-0055 (Online)