How Multiple Scenario Modeling Helps in Development Decisions Under Uncertainty

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