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Decision support and data analysis for the oil and gas industry

Decision support and data analysis for the oil and gas industry

The oil and gas industry has lot of data from different sources like wells and seismic surveys. By use of good statistical methods these data can be analyzed in a manner that can strongly support decisions-making. During planning, exploration and production of a field, many of the important decisions need to be taken under uncertainty. This includes positioning of new wells and different developments scenarios of fields. We incorporate data from large complex stochastic studies, many scenarios and parameter uncertainty to quantify the total uncertainty and thereby make it possible to compare different alternatives with respect to expected net present value or other crucial parameters.

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Postal address:
Norsk Regnesentral/
Norwegian Computing Center
P.O. Box 114 Blindern
NO-0314 Oslo
Norway
Visit address:
Norsk Regnesentral
Gaustadalleen 23a
Kristen Nygaards hus
NO-0373 Oslo.
Phone:
(+47) 22 85 25 00
Address How to get to NR
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Postal address: Norsk Regnesentral/Norwegian Computing Center, P.O. Box 114 Blindern, NO-0314 Oslo, Norway
Visit address: Norsk Regnesentral, Gaustadalleen 23a, Kristen Nygaards hus, NO-0373 Oslo.
Phone: (+47) 22 85 25 00
AddressHow to get to NR