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Browsing by Subject "level of uncertainty"

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  • thumbnail.journal.alt
    Item type:Article, Access status: Open Access ,
    Ryzyko i niepewność a koncepcja kompleksowego zarządzania złożem
    (Wydawnictwa AGH, 2010) Byrska-Rąpała, Alicja
    Risk and uncertainty are associated with each part of the projects' life, from exploration, by development, production to abandon. Level of risk and uncertainty result from owned knowledge about deposit and state of reconnaissance in investment projects' surroundings. The main aim of this article is to discuss the concepts of reservoir and value management. The integrated reservoir management concept is based on integration of technology (seismic, geologic, geostatistics, drilling, environmental ect.), people (management, geoscientists, engineers), tools (from seismic to computer hardware and software) and data (geological, geophysical, financial). Risk and uncertainty' management is strong related with value-based management and value creation for shareholders. In article author tries to assign each level of risk estimation stage of investment project realization as well as tools of analysis, which are allowing quantifying level of risk and uncertainty.