top of page

How Multiple Scenario Modeling Helps in Development Decisions Under Uncertainty

Writer's picture: Tariq Siddiqui, Tariq Siddiqui,

Updated: Dec 6, 2020

Multiple scenario modeling help make decisions under uncertainty in capital projects .


A scenario is defined as a unique combination of one subsurface geologic realization and one development concept.

  • Geologic realization cover a wide range of subsurface uncertainties

  • Development options cover wide range of development decisons

  • Wide range of scenarios are evaluated in the Assess phase of stage-gated process

  • Commercially viable scenarios (NPV>0) are evaluated in detail in Select Phase

Comments


© 2018 by Upstream E&P Consulting Consulting. 

Helvetica Light is an easy-to-read font, with tall and narrow letters, that works well on almost every site.

  • LinkedIn Social Icon
  • Twitter Social Icon
  • Blogger Social Icon
  • YouTube Social  Icon
bottom of page