VOI Application for Jurassic Exploration in Yuzhno-Russkoye Field
N. Kudelina, P. Kraemer and I. Dubinsky
Event name: ProGREss'19
Session: O&G Exploration as a Business. Project Management / ГРР как бизнес. Проектное управление
Publication date: 05 August 2019
Info: Extended abstract, PDF ( 708.31Kb )
Price: € 20
The VOI analysis is a method to assess the value of the acquisition of additional information at a cost in relation to the project value (G. Hasse). The tool combines geological and economic factors in order to evaluate the efficiency of the appraisal program. In the current work, the VOI calculation was performed for 2 appraisal wells to compare how location can influence the value of the project, considering the reliability of the information to be acquired, geological factors and economic risks.