Search Results - "Bratvold, Reidar B"

Machine learning based decline curve analysis for short-term oil production forecast by Tadjer, Amine, Hong, Aojie, Bratvold, Reidar B

“…Traditional decline curve analyses (DCAs), both deterministic and probabilistic, use specific models to fit production data for production forecasting. Various…”
Get full text

Is Reinforcement Learning Good at American Option Valuation? by Kor, Peyman, Bratvold, Reidar B., Hong, Aojie

“…This paper investigates algorithms for identifying the optimal policy for pricing American Options. The American Option pricing is reformulated as a Sequential…”
Get full text

Managing Uncertainty in Geological CO2 Storage Using Bayesian Evidential Learning by Tadjer, Amine, Bratvold, Reidar B.

“…Carbon capture and storage (CCS) has been increasingly looking like a promising strategy to reduce CO2 emissions and meet the Paris agreement’s climate target…”
Get full text

Exploration economics: taking opportunities and the risk of double-counting risk by Jafarizadeh, Babak, Bratvold, Reidar B.

“…When investing in projects with uncertain outcomes, most companies use a discount rate that reflects their perception of risk and reward. This rate is used in…”
Get full text

The Rate-Weight Connected Vectors Processor (RWCVP): A Method for Dealing with Uncertainty in MCDM Problems by Zakeri, Shervin, Konstantas, Dimitri, Bratvold, Reidar B.

“…This paper introduces the rate-weight connected vectors processor (RWCVP) method to address the lack of multi- criteria decision-making (MCDM) methods in…”
Get full text

From Uncertainty Quantification to Decision Making in the Oil and Gas Industry by Bickel, J. Eric, Bratvold, Reidar B.

“…In this paper, we present the findings of a large (N = 494) survey of oil and gas professionals that addressed the following two questions: Has uncertainty…”
Get full text

Debiasing probabilistic oil production forecasts by Nesvold, Erik, Bratvold, Reidar B.

“…Exploration and production companies in the hydrocarbon industry have every interest in producing unbiased production forecasts at the time of the investment…”
Get full text

Project Economics in the Big-Bets Industry: The Integrated Valuation in Practice by Jafarizadeh, Babak, Bratvold, Reidar B.

“…Value creation from petroleum projects is uncertain. Yet, even with great odds of failure, companies increasingly take on these ventures. Here, no analytics…”
Get full text

A sequential decision and data analytics framework for maximizing value and reliability of CO2 storage monitoring by Tadjer, Amine, Hong, Aojie, Bratvold, Reidar B.

“…Carbon capture and sequestration (carbon capture and storage or CCS) represents a unique potential strategy that can minimize CO2 emissions in the atmosphere,…”
Get full text

Application of machine learning to assess the value of information in polymer flooding by Amine Tadjer, Reidar B. Bratvold, Aojie Hong, Remus Hanea

“…In this work, we provide a more consistent alternative for performing value of information (VOI) analyses to address sequential decision problems in reservoir…”
Get full text

Hot spot hunting: Optimising the staged development of shale plays by Willigers, Bart J.A., Begg, Steve, Bratvold, Reidar B.

“…The development of unconventional plays tends to unfold in many stages, each of which involves incremental investment and a reduction in the geological…”
Get full text

Copulas: A new technique to model dependence in petroleum decision making by Al-Harthy, Mansoor, Begg, Steve, Bratvold, Reidar B.

“…A key step in valuing petroleum investment opportunities is to construct a model that portrays the uncertainty inherent in the investment decision. In almost…”
Get full text

Copulas: A new technique to model dependence in petroleum decision making: Petroleum exploration and production research in Australia by AL-HARTHY, Mansoor, BEGG, Steve, BRATVOLD, Reidar B

Get full text