Sequencing offshore oil and gas fields under uncertainty

Sequencing offshore oil and gas fields under uncertainty

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Article ID: iaor1996524
Country: Netherlands
Volume: 58
Issue: 2
Start Page Number: 191
End Page Number: 201
Publication Date: Apr 1992
Journal: European Journal of Operational Research
Authors:
Abstract:

The development of offshore petroleum and natural gas fields requires substantial investment. Due to the uncertainty of future oil and gas prices and the fact that the lifetime of an offshore field is 20-30 years, there is a great need for a good Decision Support System as an analysis tool for determining the consequences of the investments.

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