Use of decision risk analysis in selecting field development options. A case study: Alba Field Phase 2
Conference
·
OSTI ID:433902
This paper describes how a Decision Risk Analysis approach has been used to develop an optimum solution to complete the Alba Field development. In particular this covers the process adopted and the utilization of a series of tools which give a formal structure to the work conducted. The process described has been applied to derive a Development Plan for the concluding phase of a two phase project. Examples are given of how the methodology allows resources to be allocated to different work areas. Priorities are defined by the impact on project value of reducing uncertainty in a given variable.
- OSTI ID:
- 433902
- Report Number(s):
- CONF-960525-; TRN: IM9709%%336
- Resource Relation:
- Conference: 28. offshore technology conference, Houston, TX (United States), 6-9 May 1996; Other Information: PBD: 1996; Related Information: Is Part Of 28. annual offshore technology conference: Proceedings. Volume 2: Platform and marine system design; PB: 947 p.
- Country of Publication:
- United States
- Language:
- English
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