Value of Information
The upstream oil industry is fraught with information
decision problems from reprocessing seismic to testing to phasing the
development of fields. Decision Frameworks Value of Information (VOI)
workshops offer technical professionals practical means to learn VOI
fundamentals while working their own information decision problems.
In a Decision Frameworks, Value of Information (VOI) workshop,
explorers focus on what information will best help progress their leads,
including what information to gather in their wells and how to optimize
information for their plays. Engineers focus on the best information to gather,
from appraisal through development. Their goal is to determine if there are
barriers to economic development and what information will help optimize
developments and associated production.