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Value of Information, September 2017 Meeting
September 13 @ 3:30 pm - 7:00 pm CEST
Value Of Information (click for pdf)
13 September 2017 @ 3:30pm – 7:00pm
Generously Sponsored by Baker Hughes, a GE Company
Value of Information – Data acquisition trends and learnings
Abdul Hamid, EBN
Data acquisition is an essential part of the exploration and development phase of a project. Data has its highest value when obtained in the exploration phase of a project where the aim is to reduce uncertainties as much as possible. Due to the low oil price many exploration projects are cancelled or deferred. Those projects which are approved are challenged with keeping the costs as low as possible.
EBN is in the unique position to see the trends of data acquisition in the recent years and the value of the information taken from data acquisition. To emphasize these trends a data analysis is done on almost 20 exploration wells of the past 5 years. Since EBN is partner in almost all oil and gas wells in the Netherlands, it has a great overview of the logging strategies of the operators and their post-mortem challenges. Hence EBN is encouraging a basis set of logging measurements in exploration wells as a best practice for the Dutch Oil and Gas industry.
Abdul works as a petrophysicist at EBN, the Dutch Oil and Gas State company, since 2014. Since EBN participates in almost all oil and gas fields in the Netherlands, Abdul is responsible for the Petrophysics of all incoming wells. He has worked on different petrophysical projects and studies from different operators. As part of his cross posting he joined Oranje Nassau Energie (ONE) in May 2016 for a period of 4 months to work together with their petrophysical team on the M07-B Scruff reservoir. Earlier this year Abdul joined the Dutch Petrophysical Society as a Young professional where he has the ambition to engage more students and Young professionals in DPS’ events. Abdul holds a BSc degree in Applied Earth Sciences from TU Delft and an MSc degree in Petroleum Engineering from Heriot-Watt University.
Value of information analysis impact on data acquisition programs
by Jean-Paul Koninx, Shell
In a time of lower oil prices and cost reductions, data acquisition programs are under pressure. They are an easy target for quick cost cutting. How to safeguard essential data acquisition? How to assess the value of it?
The answer lies in a structured Value of Information analysis. While there are a lot of misconceptions and myths around VOI analyses, the presenter will provide you with a simple and structured approach, that can be easily applied to many problems. This not only helps justify your data acquisition (if warranted!), but in fact brings out where the value is.
After a PhD in Astrophysics at Utrecht University, Jean-Paul joined Shell in 1993 as Petrophysicist. After an initial posting in Venezuela, he joined Woodside Petroleum in Australia in 1997. The decline in oil prices in the late 90’s started his interest in Value of Information and uncertainty management, which he has kept ever since. In Australia, and subsequently in Oman and Norway, Jean-Paul has had a variety of roles in Petrophysics and subsurface leadership, all with a common theme in integration across disciplines. He is currently Shell’s Principal Technical Expert in Petrophysics for Integrated Reservoir Modelling, and Subject Matter Expert in Value of Information and Uncertainty Management.
As usual all have an opportunity to socialise with fellow petrophysical professionals over drinks and snacks.
Doors will open for registration and coffee at 3:30 pm and the talks will commence at 4:00 pm. The social hour will begin at 5:30pm.
Thanks to the generosity of our sponsors, attendance will again be free. However please RSVP before 12th September 2017 on Facebook sending an email to email@example.com with your name, position and affiliation.
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