A stochastic model for evaluating the optimal system of field development in economic risk
Authors: A.Kh. Shakhverdiev, A.V. Denisov, D.A. Mylnikov, M.A. Pavlov (Institute of System Studies of the Oil-and-Gas Production Processes NP), E.A. Shakhverdiev (St. Petersburg State University of Finance and Economics)
The disadvantages of the traditional approach to the selection of optimal variant of the hydrocarbon deposits development project are considered. A new technique, taking into account the disadvantages of the traditional approach, including uncertainties, arising in the assessment of reserve quantity and, as a consequence, of economic risk, is suggested.
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