DEFINITION

Uncertainty is inherently present in the Oil and Gas Industry; decisions involving small and large investments are taken everyday in this uncertain environment. Probabilistic methods are the most commonly used techniques to capture the impacts that reservoir uncertainties have on field production. We support the decision making process by means of integrating uncertainty and risk analysis, adding the proven track experience of our experts to your teams experience with the aim to generate the optimal solution to your needs.

PROCESS

Uncertainty analysis is applied to your field data, making use of Experimental Design techniques to capture the risk involved in your field development outputs.